Calgary home sales fall 16% in August, overall prices down year-over-year
The Calgary Real Estate Board while sales are growing in the upper end of the market, the same hasn't been seen in lower price ranges as the rental market becomes more favorable.
Calgary witnessed a 16.4% decline in home sales in August compared to the same period last year, according to the Calgary Real Estate Board. The overall average home price also decreased year-over-year, falling by 1.1% to $569,800. Chief economist Ann-Marie Lurie noted that while sales in the higher price range have increased due to improved supply, the lower-priced sector has not seen a similar surge, as favorable rental conditions are discouraging homeownership.
Apartment-style homes experienced an 8.2% year-over-year price decrease, dropping to $295,400. Row-style properties were also less expensive by 5.4%, now costing $415,200. Detached homes saw a 1.1% decline, reaching $744,300, while semi-detached homes increased by 1% compared to August 2025, settling at $690,500.
In August, there were 3,141 new listings on the market, a 9.7% decrease from the previous year. Total inventory also fell by 2.3% year-over-year, amounting to 6,509 homes for sale.
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