SALES AND NEW LISTING SLOW IN AUGUST
City of Calgary by Property Style - August 2026
DETACHED
Gains in higher-priced sales were not enough to offset the pullbacks occurring for homes priced below$1,000,000, as sales fell by 12% to 875 units. At the same time, new listings trended down compared with both July and August 2025 levels, reaching 1,635 units.
The steeper decline in sales compared with inventory levels was enough to support a modest monthly gain in inventory levels and drove up the months of supply to over three months.
Market balance varies significantly based on price range and location. The months of supply remain below three months in the North West, West, South and South East districts, and above four months in the North and North East districts.
The wide range of market balance is also reflected in pricing. Year-over-year gains of over 2% have occurred in the West and City Centre districts. Meanwhile, price declines were the steepest in the North East at over 6%.
Overall, the benchmark price in August was $744,300, similar to July and down by 1% compared with last year.
SEMI-DETACHED
Easing sales in August were enough to push year-to-date sales down to 1,516 units, over 2% lower than last year's levels. The easing of August sales was not matched by new listings, causing the sales-to-new-listings ratio to fall to 56%. While inventories eased slightly compared with the previous month, they remain nearly 5% higher than last year.
The steeper monthly pullback in sales compared with inventories was enough to push the months of supply above three months, the first time this has happened since January. Despite the shift, conditions remain relatively balanced, and prices have been relatively stable.
As of August, the unadjusted benchmark price was $690,500, similar to the previous month and nearly 1% higher than last year's levels. Price gains in the City Centre, North West and West districts offset pullbacks in other areas, contributing to the annual gain.
ROW/TOWNHOME
Sales continued to ease in August compared with last year, contributing to the year-to-date pullback of 15%. Additional new-home supply, along with more rental product availability, has contributed to some of the pullback in sales activity.
Meanwhile, the pullback in new listings has helped prevent any further gains in inventory levels, and the months of supply remained near four months for the second month in a row. Like other sectors, conditions vary depending on location.
The months of supply pushed above four months in the City Centre, North East and North districts, while remaining near three months in the West district.
Prices have been easing across all districts in the city. The range of decline varied from over 12% in the North East to just over one %in the North West district. As of August, the benchmark price was $415,200, down nearly 1% from July and 5% lower than levels reported last year at this time.
APARTMENT
Apartment-style homes continue to face the most oversupply in the market, with nearly six months of resale supply. More rental supply is weighing on ownership demand from both first-time buyers and investors, which is slowing sales activity while supply levels remain elevated.
In August, sales activity continued to fall, contributing to the year-to-date decline of 265. New listings have also been declining enough to prevent any further inventory gain, but not enough to help the market shift away from buyer-market conditions.
Persistently high supply levels relative to demand have weighed on apartment-style prices for the past two years.
As of August, the unadjusted benchmark price was $295,400, nearly 1% lower than the previous month and 8% lower than 2025 levels. Prices peaked in August 2024 at $341,300 and currently sit nearly 13% lower than the peak price.
REGIONAL MARKET FACTS
AIRDRIE
Sales continued to trend down in August, contributing to the year-to-date decline of 13 per cent. Easing sales have also been met with a 7% pullback in new listings over the same period. Throughout most of the year, inventory levels have generally trended higher than last year's levels and longer-term trends.
Over the past few months, we have started to see the pullback in new listings relative to sales cause the sales-to-new-listings ratio to rise, and this has helped prevent any further inventory gains and kept the months of supply below four months. Nonetheless, pressure from competing markets continues to weigh on resale prices.
As of August, the unadjusted total residential benchmark price was $508,800, down 1% from July and over f% compared with last year at this time. Steeper price declines are occurring for higher-density apartment-style homes.
COCHRANE
Sales improved in August, contributing to the year-to-date gain of over 5%. Much of the gain in sales has been driven by semi-detached activity. New listings also improved in August compared with last year.
The 148 new listings and 94 sales caused the sales-to-new-listings ratio to push above 60%, and inventories edged down compared with the previous month.
The boost in sales in August compared with inventory levels caused the months of supply to drop back down to just over three months. Nonetheless, prices still trended down in August.
The unadjusted total residential benchmark price eased by nearly 1% compared with July and is 2% lower than levels reported last year.
OKOTOKS
Further declines in new listings likely limited sales activity in August, as the sales-to-new-listings ratio remained elevated at 81%. This contributed to the monthly pullback in inventories, keeping conditions relatively tight with just over two months of supply.
Okotoks has struggled with lower-than-average supply levels since 2021, but additional supply choice in competing markets is helping prevent further upward pressure on prices.
As of August, the unadjusted total residential benchmark price was $608,400, over 1% lower compared with July and nearly 2% lower than last year's levels.
CHESTERMERE
The pullback in sales continues to outpace the declines in new listings, as the sales-to-new-listings ratio dropped below 30% in August. This has contributed to elevated inventory levels.
While Chestermere is growing, the higher inventory, combined with the pullback in sales, has caused the months of supply to rise, reaching nine months in August. This has continued to weigh on prices, which trended down in August compared with July and currently sit over 1% lower than 2025 levels.