Courtesy of Ryan Torris

APARTMENT PRICES EASE AS INVENTORY REMAINS ELEVATED

CALGARY

AIRDRIE

City of Calgary, June 2026 In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. At the same time, sales activity has been slowing. Calgary sales in May were 2,162 units, 16 per cent lower than last year’s levels and similar to sales reported in April. While new listings also slowed by 13 per cent compared with last year, it was not enough to offset the pullback in sales, causing the sales-to-new-listings ratio to ease to 51 per cent. “The shift in supply is being felt in the market. More supply choice in the new and rental markets has created a more competitive environment for potential buyers. At the same time, concerns over rising cost of living and slower migration are also weighing on consumers,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB ® ). “While this has caused the overall resale market to shift to a balanced state, the supply pressure is having a more prevalent impact for apartment-style units, where conditions are favouring the buyer. This is also impacting price movements, with apartment prices continuing to trend down and other property types reporting a seasonal lift over the winter months.” The unadjusted total residential benchmark price in May was $570,500, still three per cent lower than last May. Most of the unadjusted monthly gain was driven by detached homes, which rose to $747,800 in May. Apartment prices remain lower than January levels and are nine per cent lower than levels reported last May. Overall, when adjusting for seasonality, total residential prices have remained relatively stable, as detached improvements have offset pullbacks for apartment-style homes.

BENCHMARK PRICE Current: $570,500 Last Year:-3.0 %

BENCHMARK PRICE Current: $515,500 Last Year: -4.9%

DAYS ON MARKET

DAYS ON MARKET

40

34

NEW LISTINGS

NEW LISTINGS

4,226

307

ACTIVE LISTINGS

ACTIVE LISTINGS

6,752

519

SOLD LISTINGS

SOLD LISTINGS

2,162

164

Stats Reflective of May 2026 Source: CREB ®

Stats Reflective of May 2026 Source: CREB ®

Market values stated are of the average of Calgary. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Market values stated are of the average of Airdrie. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Source: CREB ®

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R yan T orris REALTOR ® - TOP PRODUCER - OWNER Real Estate Agent, 1forAll Charity Contributor 403.710. SOLD (7653) concierge@blackrockre.ca www.blackrockre.ca @blackrockre

201, 120 2nd Ave NE Airdrie, AB T4B 2N2

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