Calgary Home Buyers Enjoy Lower Prices and More Choices

After more than 40 years navigating Calgary’s real estate market, I’m always keen to keep my clients and colleagues up to date on the latest shifts we’re seeing. August brought a noticeable 16.4% drop in home sales, with 1,660 properties sold. The benchmark price edged down by 1.1% to $569,800. Apartments and row homes saw the steepest price drops—8.2% and 5.4% respectively—while detached homes slipped 1.1%. Interestingly, semi-detached properties bucked the trend, rising by 1%. We’re also seeing fewer new listings and reduced inventory overall. The real estate landscape is evolving, and I’m here to help you make sense of these numbers as we navigate this changing environment together.