Calgary apartment prices drop 9 percent as inventory surges and demand softens
June benchmark price fell to $299,000, the steepest decline across all housing types in the city, according to the Calgary Real Estate Board.
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Apartment-style homes in Calgary are experiencing the steepest price declines across the city, with June benchmarks falling to $299,000 — down nearly 9 percent compared to last year.
The Calgary Real Estate Board found that higher inventory and softer demand drove the drop. In June, inventory levels reached 2,076 units, slightly lower than last June but more than 24 percent above typical inventory levels for the month. Sales fell 20 percent, while new listings only saw a 9 percent decrease.
Row-style homes saw the second largest declines, falling to $424,100, a 5.5 percent drop from last year. Detached homes declined by 1.4 percent to $750,500. Semi-detached homes were the only category to record a slight year-over-year increase, rising by 0.2 percent to $694,600.
Overall, the total residential price in Calgary dropped by 2.1 percent year-over-year. The CREB's full June 2026 report is available online.
