June 2026 Market Update

Calgary’s housing market, in June 2026, pulled in two directions at once. Detached homes tightened to 2.49 months of supply, with the West, North West, and City Centre districts posting record-high benchmark prices. Apartment condos moved deeper into buyer’s territory at 4.91 months of supply, with the benchmark price falling nearly 9 per cent year over year to $299,000. City-wide, 2,197 homes sold, the total residential benchmark landed at $572,500, and overall months of supply came in at 3.09 — balanced on paper, but that number is covering two very different stories.

By Steve Kabachia | July 6, 2026

Two headlines could describe Calgary real estate right now, and both would be accurate. “Detached prices hit new highs.” “Condo prices keep falling.” Neither one is wrong. Neither one is the whole picture either.

June’s data from CREB® makes the split sharper than last month’s report — and it’s worth understanding exactly where you sit in it before you make a move.

The Detached Market: Record Highs in Some Districts

If you own a detached home in Calgary, June was a genuinely good month.

1,202 detached homes sold — essentially flat compared to last June, with gains for homes priced over $1,000,000 and under $600,000 offsetting softer activity in the middle price ranges. New listings pulled back 7 per cent from last year, and that pullback pushed the sales-to-new-listings ratio up to 60 per cent. Inventory sits at 2,987 units, down close to 4 per cent from a year ago. With just 2.49 months of supply — actually tighter than this time last year — the segment remains firmly in balanced-to-seller territory.

That tightness shows up in the numbers that matter most. Homes are selling at 98.6 per cent of list price. Days on market averaged 31 — up slightly from last June, but nowhere close to a sign of trouble.

The benchmark price for detached homes landed at $750,500 — up from May, though still just over 1 per cent below last June. District-level performance explains why the “up over the previous month” number matters more than the year-over-year figure. The West district led the city at $1,025,000, up nearly 4 per cent year over year and the strongest growth of any area — enough to push it, along with North West ($791,500) and City Centre ($996,800), to record-high benchmark prices in June. On the other end, the North East logged the steepest pullback, down close to 7 per cent to $560,700, alongside the East district at $489,400.

That North East and East softness isn’t cosmetic — both districts are carrying excess supply relative to demand right now, with months of supply elevated and the sales-to-new-listings ratio sitting below 50 per cent. I walk every seller through where their specific district sits before we talk price, because a home in the West and a home in the North East are, right now, in two different markets even though they’re both “detached in Calgary.”

The Apartment Condo Market: The Pressure Keeps Building

If detached is the good-news story this month, apartment condos are the opposite.

423 condo units sold in June, down 20 per cent from last year — enough to drag year-to-date condo sales down 26 per cent to 2,260 units. New listings eased to 931, but even with fewer new listings hitting the market, sales couldn’t keep pace, holding the sales-to-new-listings ratio at 45 per cent. Inventory sits at 2,076 units — more than 24 per cent above typical levels for this time of year. That combination pushed months of supply to 4.91, up 23 per cent from a year ago and the highest of any property type by a wide margin.

The benchmark price fell to $299,000 — down slightly from May and nearly 9 per cent lower than last June. Days on market stretched to 49, and homes are selling at 96.8 per cent of list, both signs of a market where buyers are firmly in the driver’s seat.

The decline isn’t even across the city, either. The East and North East districts saw the steepest drops, both down more than 14 per cent year over year. The North West held up best, with the smallest decline in the city at 7.5 per cent — still a meaningful drop, just the least severe.

The underlying cause is the same one CREB® Chief Economist Ann-Marie Lurie has been flagging for months: several consecutive years of record-high housing starts have concentrated in high-density product, and that supply is now landing squarely on the resale condo market. Slower migration is softening both rental and ownership demand for higher-density homes at the same time new supply keeps arriving. For a condo buyer, that’s the most negotiating room this segment has offered in years. For a condo seller, pricing to today’s market — not last year’s — isn’t optional anymore.

Row Homes and Semi-Detached: A Study in Contrasts

The middle segments didn’t move together this month, and that’s worth noting on its own.

Semi-detached was quietly one of the better stories in the city. 234 sales, up over 10 per cent from last June, on 363 new listings — enough to push the sales-to-new-listings ratio above 60 per cent and slow inventory growth. With 2.5 months of supply, conditions are relatively balanced and continuing to support stable prices. The benchmark landed at $694,600, essentially flat year over year.

Row and townhouse homes told a softer story. 338 sales, down 3 per cent from last year, with new listings pulling back 13 per cent. Months of supply crept up to 3.41 — still within a balanced range, but at the higher end of it. The benchmark price came in at $424,100, down 5.5 per cent year over year, with declines ranging from 2 per cent in the South to 10 per cent in the North East and East. Additional supply choice has been the main driver of those price adjustments, and sellers who price to the current market rather than last year’s are the ones still moving product without a long wait.

The Bigger Picture: Inventory Growth Is Slowing, and That Matters

Pull back to the city-wide numbers and Calgary sits at 3.09 months of supply — technically balanced, and up only modestly from a year ago. But the more interesting shift is underneath that headline number.

New listings are pulling back compared to 2025, down almost 8 per cent to 3,899 in June. That pullback has slowed the pace of inventory growth in the market and kept months of supply from climbing further, even with sales down 3.8 per cent year over year to 2,197. Total inventory landed at 6,799 units — down 2 per cent from last June. The sales-to-new-listings ratio actually improved slightly to 56 per cent. Days on market averaged 37 across all property types, up from 33 a year ago, and homes are selling at 98 per cent of list price on average, down marginally from 98.4 per cent.

None of that reads as a market under stress. It reads as a market where the easing of migration-driven demand is hitting different property types very differently — hardest in high-density housing, where rental and ownership demand have both softened, and barely at all in detached, where supply growth has stayed limited and specific districts are still setting new price records.

If you’re wondering whether you’ve already missed the best window to sell, the honest answer depends entirely on what you own. A well-located detached home in the West or City Centre is arguably in as strong a position as it’s ever been. A condo anywhere in the city is a different conversation — and pricing strategy has to reflect that difference from day one.

Frequently Asked Questions

Is Calgary a buyer’s or seller’s market in June 2026?

It depends entirely on the property type. City-wide, Calgary sits at 3.09 months of supply — balanced territory. But the detached segment, at 2.49 months of supply and with several districts hitting record-high prices, is closer to a seller’s market. Apartment condos, at 4.91 months of supply and prices down 9 per cent year over year, are clearly in buyer’s territory. There isn’t one answer for the whole city right now.

Are Calgary home prices going up or down in 2026?

Both, depending on what you’re looking at. Detached benchmark prices are down just over 1 per cent year over year at $750,500, but actually rose month over month in June, with the West, North West, and City Centre districts hitting record highs. Semi-detached is essentially flat at $694,600. Row homes are down 5.5 per cent to $424,100. Apartment condos have fallen the most, down nearly 9 per cent year over year to $299,000.

Why are Calgary condo prices falling so much?

Several years of record-high housing starts have concentrated in high-density construction, and that new supply is now landing on the resale condo market at the same time migration-driven demand has slowed. The result is 4.91 months of supply for condos — the highest of any property type — and benchmark prices down nearly 9 per cent year over year to $299,000. Some districts, like the East and North East, have seen declines exceeding 14 per cent.

Which Calgary districts have the strongest detached home prices right now?

The West district leads the city with a detached benchmark of $1,025,000, up nearly 4 per cent year over year. City Centre ($996,800) and North West ($791,500) also posted record-high benchmark prices in June. The North East, at $560,700, saw the steepest year-over-year decline of roughly 7 per cent, and is currently carrying excess supply relative to demand.

How long does it take to sell a home in Calgary right now?

City-wide, homes averaged 37 days on market in June 2026, up from 33 days a year ago. Detached homes moved fastest at 31 days. Apartment condos took the longest at 49 days on average, reflecting the extra supply and softer demand in that segment. Your specific timeline will depend on your property, price point, and district — that’s exactly the kind of detail worth reviewing with a proper Real Property Report and market analysis in hand before you list.

June’s numbers make one thing clear: the city you’re buying or selling in depends on what you own and where it sits — not the citywide average.

If you want to know what your home is worth in today’s market — not the average, your actual address — Len T. Wong and Associates offers a free, no-obligation home evaluation. If you’d also like the full breakdown of selling costs and timeline before you decide, that’s a good place to start too.

Book your free home evaluation here.

If you’re a buyer trying to figure out where the real opportunities are in this market — condos especially — our team will be glad to walk through it with you.

Book a free buyer consultation here.

About Steve Kabachia

Steve Kabachia is a Managing Partner at Len T. Wong & Associates — RE/MAX Complete Realty, serving Calgary and the surrounding communities of Airdrie, Cochrane, Okotoks, and Chestermere. With 10 years of experience specializing in move-up buyers, downsizers, luxury properties, and investment real estate, Steve brings the kind of straight talk his clients count on — whether they’re pricing a home to sell or navigating a complex purchase. He starts where you are and takes the journey alongside you. Connect with Steve at stevekabachia.com or reach him directly at 587-437-9017.