Calgary Home Sales Fall 16% in August as Prices Decline Year Over Year

Calgary’s housing market recorded fewer sales and lower overall prices in August, with 1,660 homes changing hands, down 16.4% from the same month last year. The residential benchmark price fell 1.1% to $569,800.

The Calgary Real Estate Board said sales had grown in the upper end of the market as supply improved. Activity in lower price ranges did not show the same pickup, chief economist Ann-Marie Lurie said, because favorable rental conditions were slowing the move from renting to homeownership.

Apartment-style homes posted an 8.2% year-over-year price decline, reaching $295,400. Row-style properties fell 5.4% to $415,200. Detached homes declined 1.1% to $744,300, while semi-detached prices rose 1% from August 2025 to $690,500.

The market recorded 3,141 new listings in August, down 9.7% from a year earlier. Total inventory also fell, reaching 6,509 homes, 2.3% below the year-earlier level.

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not seen the same pickup in activity in the lower price ranges, as favourable rental conditions are slowing the transition to ownership