Single-family new infills posted 36 sales during the month of June, up from 34 sales recorded last month, and up considerably from the 23 sales recorded in June of last year. Despite this strong month, year-to-date, sales for single-family new infills are down over 20% compared to last year.
Single-family new infill inventory remains unchanged with 185 active listings for sale compared to last month, which is up considerably from the 125 active listings recorded at this time last year.
New infill townhomes posted 5 sales during the month of June, up from the 4 sales recorded last month, and also up from the 4 sales recorded at this time last year. Year-to-date sales are up just over 6% compared to the same period last year.
New infill townhome inventory remains unchanged with 24 active units for sale compared to last month which is up slightly from the 23 active units listed for sale at this time last year.
We expect sales activity to be unremarkable during the month of July as the Calgary Stampede comes to town and other summer activities draws the attention of Calgarians.
CALGARY MARKET UPDATE (CREB)
City of Calgary, July 2, 2025 - Gains in resale supply mostly impact apartment and row-style home prices.
Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain.
All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 percent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.
“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.”
The unadjusted benchmark price was $586,200 in June, lower than last month and over three percent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three percent lower than last year. Meanwhile, detached prices have remained relatively stable and semi-detached homes are still slightly higher than last year.
The steeper price declines for apartment and row style homes are reflective of those segments shifting toward a market that favours the buyer with nearly four months of supply. Meanwhile conditions are relatively balanced for detached and semi-detached homes. Overall conditions in Calgary have changed, but not enough to erase the significant growth in prices that have occurred over the past four years.