New infill sales ease as the summer market begins.
Single-family new infills posted 23 sales in July, down significantly from the 36 sales in June, but up slightly from the 20 sales that occurred last July.
Single-family new infill inventory eased slightly in July, down to 178 active listings for sale from 182 active listings recorded last month. This is however significantly up from the 160 active listings recorded at this time last year.
New infill townhomes posted just 1 sale in July, down from the 3 sales recorded last month and from the 2 sales recorded in July of last year.
New infill townhome inventory remained steady month over month, coming in at 29 active units for sale in July compared to 30 in June and 27 in July of last year.
With the market returning to more balanced conditions overall in Calgary, seasonal adjustments to sales are expected moving forward. It isn’t uncommon for the summer months to see slower activity than Spring. Some years, sales pick up again in the Fall, but often they remain steady until October or November when they start to drop off for winter.
CALGARY MARKET UPDATE (CREB)
Calgary, Alberta, August 4, 2026 - June sales in Calgary improved over May, reaching 2,197 units. Despite the monthly gains, sales were nearly 4% lower than last year and just below the long-term average for June, largely due to pullbacks in apartment-style units. While sales are down across most price ranges so far this year, there have been gains in both the highest price ranges and the most affordable ranges across most property types.
“The easing of demand for resale homes does not come as a surprise given the recent decline in migration, which is impacting both rental and ownership demand for higher-density homes. The bigger change in our market relates to inventory, which has been on the rise in the rental, resale and new-home markets following several consecutive years of record-high housing starts,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “Inventory growth has mostly occurred in high-density homes, resulting in buyer’s market conditions and steep price adjustments for condominium apartments. While it will take time to absorb the high-density supply, detached supply growth has been limited, and some districts are reporting record-high prices.”
New listings are starting to pull back compared with 2025, and the sales-to-new-listings ratio rose to 56%. This has slowed the pace of inventory growth in the market and kept the months of supply at just over three months. This is considered a balanced range in the city, but conditions vary across property types. The apartment condominium sector is experiencing buyer’s market conditions, with the months of supply at nearly five months and a sales-to-new-listings ratio of 45%.
The range of conditions is also impacting prices. In June, the unadjusted benchmark price was $572,500, up over the previous month and 2% below levels reported last June. However, apartment-style properties have reported an annual decline nearing 9%, leaving condominium prices in June at $299,000. Meanwhile, the benchmark price for a detached home rose over the previous month, reaching $750,500, 1% below last year’s level, with most of the adjustments driven by specific pockets of the market.