All talk about a housing shortage in Calgary’s resale market can be put to rest, as inventory in June rose to levels not seen in close to five years. According to the monthly report from the Calgary Real Estate Board (CREB) 4,223 new listings were added to the market last month, taking active listings to 6,941, an 83% increase from June 2024. The increase was led by single-family homes with 2,145 new listings, followed by apartments, with 1,024 new listings, with totals of 3,107 and 2,112 respectively. “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,” said CREB Chief Economist Ann-Marie Lurie. “All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30% higher than long-term trends, while supply for single-family 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,” added Lurie. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments are keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.” .The market-wide unadjusted benchmark price was $586,200 in June, 3% lower than last year. “Much of the citywide decline was driven by apartment and row style homes,” said Lurie. “Meanwhile, single-family home prices have remained relatively stable and semi-detached homes are still slightly higher than last year.” “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.” The single-family and semi-detached sectors are in relatively balanced conditions. Here are Lurie’s overviews of each market segment: Single-family Sales in June were 1,194, down 6% from last year. “Sales activity did vary depending on location and price range, with declines in resales mostly for higher priced homes that likely face more competition from new homes. On a location basis, the steepest declines in sales occurred in the city centre and the northeast at over 20%, while year-over-year gains were reported in the west, and southeast districts.” “Inventories and new listings improved across most price ranges and districts in the city. However, it is only the northeast district that is experiencing conditions that favour the buyer, causing prices to decline by 4% compared to last June. The unadjusted benchmark price in Calgary in June 2025 was $764,300.” .Semi-Detached Sales slowed in June, contributing to the year-to-date decline of nearly 12%. “At the same time, new listings have generally been rising compared to last year, supporting inventory gains and a shift to balanced conditions. As of June, the months of supply was 2.6 months, a significant improvement over the tight conditions reported last year.” The benchmark price for semi-detached homes in June was $696,400, a 1% increase over June 2024. “Price movements did range by district, as homes in the city centre are more than 3% higher than last year and at record high levels, while prices in the north, northeast and east districts are all over 2% lower than last year and 3% lower than last year’s peak price.” Row “New listings continue to rise relative to the number of sales in the market, as the sales-to-new listings ratio in June dropped to 50%, contributing to inventory gains with 1,167 units available at the end of the month.” Sales remain above long-term trends, with an increase in listings taking the months of supply above three months. “Conditions range, with nearly six months of supply in the northeast and two-and-a-half months of supply in the northwest.” .“Higher supply levels relative to demand are weighing on prices which, at a June benchmark price of $450,300, are down over last month and 3% lower than last year. However, as the level of oversupply does range across the districts, so too do the price movements. The city centre has seen the most stability in prices this month and is only 1% below last year’s peak. Meanwhile, the northeast is reporting year-over-year price declines of nearly 6%.” Apartment Condominium New listings and sales fell back, compared to June, as well as June last year. “However, with 1,024 new listings and 532 sales, inventories continued to rise, and the months of supply pushed up to nearly four. Slower international migration numbers are weighing on housing demand just as supply levels are rising, which is having a larger impact on apartments.” “The rising supply, both in new and resale markets caused resale prices to trend down again in June with the benchmark price of $333,500 more than 3% lower than June 2024. While prices have eased across all districts in the city, the largest year-over-year declines are occurring in the northeast, north and southeast districts.”
All talk about a housing shortage in Calgary’s resale market can be put to rest, as inventory in June rose to levels not seen in close to five years. According to the monthly report from the Calgary Real Estate Board (CREB) 4,223 new listings were added to the market last month, taking active listings to 6,941, an 83% increase from June 2024. The increase was led by single-family homes with 2,145 new listings, followed by apartments, with 1,024 new listings, with totals of 3,107 and 2,112 respectively. “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,” said CREB Chief Economist Ann-Marie Lurie. “All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30% higher than long-term trends, while supply for single-family 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,” added Lurie. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments are keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.” .The market-wide unadjusted benchmark price was $586,200 in June, 3% lower than last year. “Much of the citywide decline was driven by apartment and row style homes,” said Lurie. “Meanwhile, single-family home prices have remained relatively stable and semi-detached homes are still slightly higher than last year.” “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.” The single-family and semi-detached sectors are in relatively balanced conditions. Here are Lurie’s overviews of each market segment: Single-family Sales in June were 1,194, down 6% from last year. “Sales activity did vary depending on location and price range, with declines in resales mostly for higher priced homes that likely face more competition from new homes. On a location basis, the steepest declines in sales occurred in the city centre and the northeast at over 20%, while year-over-year gains were reported in the west, and southeast districts.” “Inventories and new listings improved across most price ranges and districts in the city. However, it is only the northeast district that is experiencing conditions that favour the buyer, causing prices to decline by 4% compared to last June. The unadjusted benchmark price in Calgary in June 2025 was $764,300.” .Semi-Detached Sales slowed in June, contributing to the year-to-date decline of nearly 12%. “At the same time, new listings have generally been rising compared to last year, supporting inventory gains and a shift to balanced conditions. As of June, the months of supply was 2.6 months, a significant improvement over the tight conditions reported last year.” The benchmark price for semi-detached homes in June was $696,400, a 1% increase over June 2024. “Price movements did range by district, as homes in the city centre are more than 3% higher than last year and at record high levels, while prices in the north, northeast and east districts are all over 2% lower than last year and 3% lower than last year’s peak price.” Row “New listings continue to rise relative to the number of sales in the market, as the sales-to-new listings ratio in June dropped to 50%, contributing to inventory gains with 1,167 units available at the end of the month.” Sales remain above long-term trends, with an increase in listings taking the months of supply above three months. “Conditions range, with nearly six months of supply in the northeast and two-and-a-half months of supply in the northwest.” .“Higher supply levels relative to demand are weighing on prices which, at a June benchmark price of $450,300, are down over last month and 3% lower than last year. However, as the level of oversupply does range across the districts, so too do the price movements. The city centre has seen the most stability in prices this month and is only 1% below last year’s peak. Meanwhile, the northeast is reporting year-over-year price declines of nearly 6%.” Apartment Condominium New listings and sales fell back, compared to June, as well as June last year. “However, with 1,024 new listings and 532 sales, inventories continued to rise, and the months of supply pushed up to nearly four. Slower international migration numbers are weighing on housing demand just as supply levels are rising, which is having a larger impact on apartments.” “The rising supply, both in new and resale markets caused resale prices to trend down again in June with the benchmark price of $333,500 more than 3% lower than June 2024. While prices have eased across all districts in the city, the largest year-over-year declines are occurring in the northeast, north and southeast districts.”
