Calgary’s housing market continued to cool through July 2026, with 1,904 residential sales recorded across the city. That is about 9 percent fewer sales than the same month last year, and it reflects a market where buyers now have more choice and more time to make decisions than they did during the busy years earlier this decade.
Prices held up better than sales, but the softening was real. The total residential benchmark price landed at $569,200 in July, roughly 2 percent below July 2025. Most of the downward pressure came from the apartment condominium segment, where rising inventory continued to weigh on values, while detached and semi-detached homes stayed relatively steady.
July brought a familiar pattern for 2026: fewer sales, more supply, and gently easing prices. The sales-to-new-listings ratio sat at 57 percent and months of supply rose to 3.5, which keeps the overall market close to balanced while individual segments tell very different stories. Detached homes remain firm, while apartment condominiums have moved well into buyers’ market territory.
CREB Chief Economist Ann-Marie Lurie pointed to the longer-term forces behind the shift. “Several consecutive years of high construction levels and the sudden drop in mostly international migration have contributed to the shift in housing market conditions mostly for higher-density homes, a transition that started in the second half of last year,” she said.
| Market Metric | July 2026 | Year-over-Year |
| Benchmark Price | $569,200 | Down about 2% |
| Total Sales | 1,904 units | Down about 9% |
| Sales-to-New Listings Ratio | 57% | New listings down nearly 22% |
| Months of Supply | 3.5 months | Higher than last July |
Detached homes remained the steadiest part of the market. Sales came in at 1,012 units, close to last year’s level, and the benchmark price held at $743,900. Well-priced homes in established districts continued to attract steady interest even as overall activity slowed.
The attached-home segments moved in different directions. Semi-detached homes were a bright spot for sellers, with sales rising close to 6 percent year over year and the benchmark price of $691,000 holding near where it sat a year ago. Row and townhouse properties saw a sharper pullback in sales as buyers gained more negotiating room.
Apartment condominiums accounted for most of the market’s price softening. Years of strong construction added a large volume of units at the same time that migration slowed, leaving more supply than current demand can absorb. That combination has kept the segment firmly in buyers’ territory, with prices adjusting the most of any home type.
July 2026 reinforced a market that has been slowly rebalancing all year. For buyers, the extra inventory and softer prices, especially among apartment condominiums and townhomes, mean more selection and more room to negotiate than at any point in the past few years. For sellers, detached and semi-detached homes are still holding their value well, though accurate pricing and good presentation matter more now than they did when demand outpaced supply.
Every property type, neighbourhood, and price range is behaving a little differently right now, so the headline numbers only tell part of the story. If you are weighing a move this year, Tessa Blair and the Blair Plus team are happy to walk through what these trends mean for your specific home or search. Reach out any time for a no-pressure conversation about your options.
