BALANCED CONDITONS IN THE CITY, EXCEPT FOR APARTMENT-STYLE UNITS
City of Calgary, Airdrie, Cochrane & Okotoks - Monthly Stats - May 2026
DETACHED
With 1,095 sales and 1,863 new listings, inventory levels reported a modest monthly gain. However, with 2,468 units in inventory, levels remain lower than those reported last year and below long-term trends, while months of supply remained just over two. The tighter conditions helped support prices in April, which continued to rise compared with March, causing the pace of year-over-year price declines to ease to under 3%. As of April, the unadjusted benchmark price was $745,400.
Within the detached market, conditions varied by district. Calgary’s North West, West and South districts experienced seller’s market conditions, with less than two months of supply, driving stronger monthly price gains. Meanwhile, conditions in the North East favoured the buyer, causing prices to trend down from the previous month.
Benchmark price changes in April ranged from a year-over-year decline of 8% in the North East to a two % increase in the West district
SEMI-DETACHED
Recent improvements in new listings helped to support the rise in sales this month. Year to date, there have been 700 sales and 1,190 new listings, similar to last year’s levels. In April, both the sales-to-new-listings ratio and months of supply remained at the lower end of the balanced range.
Conditions supported further monthly price growth, as the unadjusted benchmark price reached $690,000. Gains over the past three months have brought prices to levels only slightly lower than those reported last April. As in the detached sector, conditions vary by location. In April, prices trended up over March in all districts except the North East and East, which are also reporting higher months of supply.
Tighter conditions in other areas supported monthly price gains. Year to date, benchmark prices improved over last year’s levels in the City Centre, North West and West districts.
ROW/TOWNHOMES
Sales, new listings and inventory levels all trended over the previous month, in line with seasonal expectations. However, year to date, the pullback in sales has outpaced the pullback in new listings, causing the sales-to-new-listings ratio to average 51% and inventories to trend higher than levels reported last year at this time.
While inventories have improved, months of supply has remained in a relatively balanced range at nearly three months. Conditions vary significantly across the city, contributing to differing price trends.
The North East district reported the highest months of supply and the steepest year-to-date price adjustments, at over 11%. Meanwhile, the smallest year-to-date price adjustments occurred in the West, at less than 2% decline.
APARTMENTS
The pace of growth in new listings slowed in April relative to the gains in sales, causing the sales-to-new-listings ratio to improve to 4%. However, this is not enough to prevent further inventory gains. In April, inventory rose to 1,920units, nearly 3% higher than last year and 2% above long-term trends.
With over four months of supply, conditions continue to favour the buyer, preventing a significant upward pressure on prices. As of April, the unadjusted benchmark price was $301,400, slightly higher than March. Gains were mostly driven by improvements in the North West, South East and West districts, while prices continued to trend down in the North East, North and East districts.
Compared with last April benchmark prices have declined by nearly 9%, with the steepest declines in the North East, East, North and South East districts.
REGIONAL MARKET FACTS
AIRDRIE
Despite seasonal gains, sales in Airdrie eased compared with last year, causing year-to-date sales to decline by nearly 12%. While sales have slowed, they remain in line with long term trends. New listings have also trended down compared with last year, but recent gains supported further increases in inventory.
With 494 units in inventory and 151 sales, months of supply remained just above three months. While conditions are not as tight as they were the previous year, they remain relatively balanced and are supporting modest price gains following last year’s decline.
The benchmark price reached $516,700 in April, nearly 1% higher than March, but still more than 5% lower than last April.
COCHRANE
Gains in April sales were enough to push year-to-date sales up by over 6%. At the same time, new listings eased compared with March, causing the sales-to-new-listings ratio to rise above 70% and preventing any significant change in inventory. This also caused months of supply to push below three.
While conditions can fluctuate month to-month, tighter conditions were accompanied by further price gains.
In April, the unadjusted benchmark price reached $569,200, more than 1% higher than the previous month. Recent gains have helped offset some of the pullbacks experienced during the second half of the year, but prices remain over 3% lower than last April.
OKOTOKS
Improving sales in April were not enough to offset earlier declines, as year-to-date sales remained 3% below last year’s. At the same time, new listings continued to improve, helping bring up inventory levels.
However, with 149 units available in April, inventory remains well below long-term trends. With 2.5 months of supply, conditions remain relatively tight, supporting further price gains.
As of April, the unadjusted benchmark price was $627,600, over 1% higher than March and in line with levels reported last April.