Home sales activity in Calgary slowed again in May compared with a year earlier as prices also fell year-over-year.
The Calgary Real Estate Board says 2,162 homes were sold last month, down 15.5 per cent from May 2025, as the residential benchmark price fell three per cent to $570,500.
The board’s chief economist Ann-Marie Lurie says more supply choice in the new home and rental markets has created a more competitive environment for potential buyers, who are also feeling the weight of a rising cost of living and slower migration.
Apartment-style homes saw a year-over-year price decrease of 9.1 per cent to $300,400, while row-style properties were 6.4 per cent less expensive at $422,300.
Detached home prices were down 2.4 per cent to $747,800 and semi-detached prices fell one per cent compared with May 2025 to $691,100.
There were 4,226 new listings on the market in May, down 12.7 per cent from a year earlier, while the city’s inventory ticked up 0.1 per cent year-over-year to 6,752 total homes for sale.
This report by The Canadian Press was first published June 1, 2026.