Calgary Real Estate Statistics - May 2026

Inventory levels continued to build in May, reaching 6,752 units, keeping supply above historical norms. While inventory is in line with last year's levels, gains remain concentrated in the apartment and row-home segments. Detached homes continue to face tighter conditions, with inventory sitting below both last year's levels and long-term averages. 

"The shift in supply is being felt across the market," said Ann-Marie Lurie, Chief Economist at CREB®. "More choice in the new home and rental markets has created additional competition, while affordability concerns and slower migration have reduced urgency among buyers. As a result, apartment-style homes are experiencing the greatest pressure from rising supply."

Sales totaled 2,162 units in May, down 16% compared to last year, while the sales-to-new-listings ratio eased to 51%. This helped push inventory higher and increased months of supply across the city.

Market conditions continue to vary by property type:

• Detached homes: ~2.5 months of supply
• Apartment condominiums: 5+ months of supply

The additional supply is having the greatest impact on apartment prices. While the overall residential benchmark price rose to $570,500 due to seasonal factors, it remains 3% below last year's levels. Detached home prices have strengthened this spring, climbing from $724,000 in January to $747,800 in May, while apartment prices remain below January levels and are 9% lower than May 2025.

Overall, Calgary's housing market remains balanced, but the story continues to differ by property type. Detached homes are benefiting from limited supply and stable pricing, while apartment-style homes face growing inventory, increased competition, and ongoing price adjustments.