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Calgary Summer Market was all about choice. With nearly 7,000 homes on the market, buyers finally had options they haven’t seen in years. Detached and semi-detached homes held their value, but apartments and row homes saw the sharpest price drops.
What does it mean?
Buyers: more leverage.
Sellers: pricing and strategy matter more than ever.
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Calgary Market Shifts as Supply Rises
This summer marked a turning point in Calgary’s housing market. More listings and slowing sales shifted conditions away from the hot sellers’ market of recent years toward a more balanced environment.
The Big Picture (June → August):
- Inventory: Rose steadily, peaking near 7,000 units, levels not seen since pre-pandemic.
- Sales: Slowed across all property types (down ~9–12% year-over-year in July/August).
- Prices: Citywide benchmark fell to $577,200 in August, about 4% below last year’s peak.
By Property Type:
- Detached: Stable overall. Prices eased slightly (down ~1%), with declines in the NE/E but modest growth in City Centre.
- Semi-Detached: Held steady. Prices hovered near $687K–$697K, still ~1% higher year-over-year.
- Row Homes: More supply pushed prices down 4–5% year-over-year, especially in NE/N districts.
- Apartments: Most affected. Prices fell 5–6% year-over-year, with the NE down as much as 11%.
In August, Calgary’s market shifted toward balance as inventory rose to 6,661 homes, the highest August level since 2019, while sales slowed nearly 9% year-over-year. Detached and semi-detached homes held steady ($755K and $687K), but apartments and row homes fell 5–6%, with the North East hardest hit due to new builds and high resale supply.
Takeaway: Buyers now have more choice and negotiating power, while sellers, especially in high-density segments, need a strategic approach.
Fall Forecast: As we move into fall, expect continued softening in apartments and row homes, while detached and semi markets remain relatively stable.
Advice: Buyers should act on well-priced homes quickly, and sellers should price competitively and highlight unique features to attract serious buyers before winter slows the market.
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The Sold Playbook
Thinking of selling?
This simple, step-by-step guide walks you through everything you need to do to get your home market-ready!
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The Home Buyer Roadmap
From getting pre-approved to receiving the keys, the home buying journey has many important steps.
Our Home Buyer Road Map gives you a clear overview to stay informed and prepared throughout the process.
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Browse Active Listings
Stay ahead in your home search with access to the most up-to-date listings.
Filter by location, price, features, and more to find exactly what you're looking for.
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Whether you’re planning of buying your first home, upgrading to a space that better suits your needs, or simply staying informed about the market, I’m here to be a resource to you.
I look forward to helping you discover the amazing opportunities Calgary’s real estate has to offer!
