Home sales in Calgary fell 16.4 per cent in August compared with the same month last year as prices also fell overall.
The Calgary Real Estate Board says 1,660 homes changed hands last month, as the residential benchmark price fell 1.1 per cent to $569,800.
The board’s chief economist Ann-Marie Lurie said while sales have been growing in the upper end of the market thanks to improved supply, Calgary has “not seen the same pickup in activity in the lower price ranges, as favourable rental conditions are slowing the transition to ownership.”
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won’t miss a trending story.
By providing your email address, you have read and agree to Global News’ Terms and Conditions and Privacy Policy.
Apartment-style homes saw a year-over-year price decline of 8.2 per cent to $295,400, and row-style properties were 5.4 per cent less expensive at $415,200.
- Carney names Dominic Barton as chair of Invest in Canada
- Bare shelves at Alberta food banks as demand soar: ‘Very difficult year’
- ‘We’re not at war with Canada,’ U.S. treasury secretary says
- Strong support for Canada axing U.S. trade talks, retaliatory tariffs: poll
-
A clean sweep for the federal Liberals as they win three byelections
-
Coquitlam mayor breaks silence on Metro Van’s governance
-
Churchill grain shipments resume
-
Alberta liquor suppliers facing issues with AGLC payments
Detached home prices were down 1.1 per cent to $744,300, while semi-detached prices rose one per cent compared with August 2025 to $690,500.
Story continues below advertisement
There were 3,141 new listings on the market in August, down 9.7 per cent from a year earlier, while total inventory was 2.3 per cent lower year-over-year to 6,509 homes for sale.