Anna Pitt - MaxWell Capital Realty

“Do what you can, with what you have, where you are.” – Theodore Roosevelt

Happy Father's Day!

Wishing a wonderful day to all the dads, grandads, and father figures out there. You've always been the foundation the whole house is built on. ❤️🏡

Calgary recorded 2,162 residential sales in May 2026, down 15.5% from May 2025.

It's a notable cooldown from the frenzied pace of recent years, reflecting softer demand and a market that is giving buyers far more breathing room than they've had in a long time.

For anyone who sat on the sidelines during Calgary's hot market years, conditions are looking very different right now.

Prices are softer across the board compared to last year, with apartments seeing the sharpest correction:

🏠 Detached: $747,800 (down 2.41% YoY)
🏢 Apartment: $300,400 (down 9.05% YoY)
🏘️ Semi-Detached: $691,100 (down 0.96% YoY)
🏚️ Row Housing: $422,300 (down 6.43% YoY)

With prices pulling back and inventory at its highest level in years, buyers have a rare window of opportunity in the Calgary market.

In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends.

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 lower ratio also contributed to some of the inventory build, causing the months of supply to rise. However, conditions do vary across the market, with a range of two-and-a-half months of supply in the detached market to more than five months of supply in the apartment condominium market.

“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, up over April’s levels and the $554,400 reported in January, but still three per cent lower than last May. Most of the unadjusted monthly gain was driven by detached homes, which rose from $724,000 in January 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.

Buyers in Calgary now have more choices than they have in years.

Inventory reached 3.12 months of supply in May 2026, up 18.5% from May 2025 and running well above typical levels for this time of year. With nearly 6,800 active listings across the city, buyers have the kind of selection that simply wasn't there during Calgary's peak seller's market years.

More inventory means less pressure, more negotiating power, and more time to make the right decision. The market has shifted and buyers should take note.

OPEN HOUSE TODAY, Jun 7, 1:00-3:00.
3 beds 3 baths
Available at: $824,900
For more info click here: https://client.marketing.imprev.net/i/316GlamorganPlaceSW/84123/A2311069/9163/html/website/ActiveStatus/branded/index.html

The drywall installer was the quietest guy on the crew. He kept everything inside.

“The power of finding beauty in the humblest things makes home happy and life lovely.” – Louisa May Alcott