Calgary’s housing market continues to adjust in May 2026, with rising inventory levels and slower sales activity putting pressure on apartment prices.

Inventory increased to 6,752 units in May, staying 11% above long-term trends due to higher supply of apartment and row-style homes. Meanwhile, detached home inventory remained tighter, down 3% compared to last year and historical averages.

Calgary recorded 2,162 home sales in May, a 16% decline from the previous year. Although new listings also decreased by 13%, the slower pace of sales pushed the sales-to-new-listings ratio down to 51%, contributing to higher months of supply.

Market conditions vary across property types, with detached homes seeing tighter supply while the apartment condominium market has more than five months of inventory. This shift is creating more favourable conditions for buyers.

With increased supply and changing demand, apartment prices continue to trend lower, while other housing segments show more seasonal price stability. Buyers and sellers should monitor Calgary real estate trends as market conditions evolve.

Read the full report on the CREB website!