Calgary housing sales drop for townhouses and apartments in July

Calgary's housing market experienced a notable shift in July, with sales of townhouses and apartments declining significantly compared to the same month last year. While the market for detached and semi-detached homes remained relatively stable, the slowdown in multi-family dwellings indicates a cooling trend in certain segments.

The latest figures from the Calgary Real Estate Board reveal that townhouse sales plummeted by 22.91 percent, with only 286 units sold compared to 371 in July 2025. Similarly, apartment sales dropped by 19.84 percent, falling from 509 units to 408.

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What we’re seeing, especially in pricing, is that detached pricing is moving down slightly over last year, mostly due to certain areas of the city that are driving it down, but it’s pretty marginal.

In contrast, semi-detached homes saw a modest increase in sales, up 5.88 percent. Detached home sales were nearly on par with last year, experiencing a slight decrease of 1.65 percent.

CREB's chief economist, Ann-Marie Lurie, attributed the price declines, particularly in the apartment sector, to a "persistent oversupply of apartment condos." This oversupply, combined with increased rental options, is exerting downward pressure on prices, with the benchmark price for an apartment falling by 8.37 percent. The benchmark price for townhouses also dipped by 6.1 percent.

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There’s just so much supply choice, not just on the resale, but the resale, the new, plus there’s a lot more rental supply, which is impacting demand on condo activity.