Tej Pradhan - Realtor

06/10/2026

🇨🇦 Bank of Canada Rate Update (June 10, 2026)

• Rate: 2.25%
• Change: No change (fifth hold in a row)

The Bank of Canada says it is holding the rate because:

• Inflation is around 2.8% and expected to stay near 3% for a while.
• Oil prices are high due to the Middle East conflict.
• The economy is weak but not clearly in recession.

📌 What this means for Canadians

• Mortgage rates (variable) stay the same for now.
• Prime rate at banks stays the same.
• No immediate relief, but also no increase in payments.
• The Bank is watching inflation and global risks before making any cuts or hikes.

06/01/2026

📊 Calgary Housing Market – May 2026 (CREB® Release: June 1, 2026)

Overall takeaway: Calgary shifted firmly into a balanced market in May 2026 as inventory rose, sales slowed, and apartment/row supply increased, creating more choice for buyers and more competition for sellers.

🏙️ Citywide Market Overview

• Sales: 2,162 (‑16% Y/Y)
• New Listings: 4,226 (‑13% Y/Y)
• Inventory: 6,752 units (flat Y/Y but 11% above long‑term trends)
• Sales-to-New-Listings Ratio: 51% → balanced
• Months of Supply: ~3.1 months (varies by segment)
• Benchmark Price (Total Residential): $570,500 (‑3% Y/Y)

Key dynamic:
Higher supply in apartments and row homes + slower migration + cost‑of‑living pressures = softer demand and more buyer leverage in certain segments.

🏠 Breakdown by Property Type

1. Detached Homes

• Sales: 1,192 (‑6.4% Y/Y)
• New Listings: 2,195 (‑9.2% Y/Y)
• Inventory: 2,916 (‑2.6% Y/Y)
• Benchmark Price: $747,800 (‑2.4% Y/Y)
• Months of Supply: ~2.5 (tightest segment)

Interpretation: Still the strongest segment; seasonal lift continues.

2. Semi‑Detached

• Benchmark Price: $691,100 (‑1% Y/Y)

3. Row/Townhomes

• Benchmark Price: $422,300 (‑6.4% Y/Y)

4. Apartment Condominiums

• Benchmark Price: $300,400 (‑9.1% Y/Y)
• Months of Supply: 5+ months → clear buyer’s market

📉 Regional Price Movements (Detached)

CREB®’s regional breakdown shows where prices dropped the most:

• Northeast: ‑6.96% (to $563,900)
• East Calgary: ‑6.78% (to $489,100)
• North: ‑5.05% (to $647,200)
• West (most expensive): ‑0.19% (to $1,005,200)

🧭 What This Means for Calgary Buyers & Sellers (May 2026)

For Buyers

• More choice, especially in apartments and row homes.
• Negotiation power increasing in high‑inventory segments.
• Detached remains competitive but no longer overheated.

For Sellers

• Pricing strategy matters more than ever.
• Apartments require sharper pricing + stronger marketing.
• Detached sellers still benefit from lower supply but must watch Y/Y price softening.

05/10/2026

05/04/2026

📊 Calgary Housing Market — April 2026 (CREB® Official Release)

Market Overview

• Sales: 2,104 homes sold (‑6% Y/Y)
• New Listings: 3,829 (‑5% Y/Y)
• Inventory: 5,973 units (+2% Y/Y)
• Sales-to-New-Listings Ratio: 55% → balanced
• Months of Supply: 2.84 (balanced overall; varies by segment)
• Benchmark Price (Total Residential): $568,800 (‑3% Y/Y)

CREB® notes that Calgary is transitioning away from the intense seller’s market of previous years as migration-driven demand cools and supply improves. Detached homes remain tight, while apartment condos show clear buyer‑market conditions.

🏠 Breakdown by Property Type

1. Detached Homes

• Sales: 1,095 (flat Y/Y)
• New Listings: 1,863 (‑2% Y/Y)
• Inventory: 2,468 (‑2% Y/Y)
• Months of Supply: 2.25 → still tight
• Benchmark Price: $745,400 (‑3% Y/Y)

Detached remains the strongest segment, with limited supply keeping conditions closer to a seller’s market.

2. Semi‑Detached

• Sales: 214 (+14% Y/Y)
• Benchmark Price: $690,200 (flat Y/Y)
• Months of Supply: 2.50

A stable segment with modest supply and steady pricing.

3. Row/Townhomes

• Sales: 363 (+2% Y/Y)
• Benchmark Price: $422,900 (‑7% Y/Y)
• Months of Supply: 2.89

Row homes remain balanced but show notable year‑over‑year price softening.

4. Apartment Condominiums

• Sales: 432 (‑27% Y/Y)
• Benchmark Price: $301,400 (‑9% Y/Y)
• Months of Supply: 4.44 → clear buyer’s market

This is the weakest segment, with rising supply and falling prices.

📈 Key Takeaways for April 2026

• Balanced market overall, but detached remains tight and apartments favour buyers.
• Prices are down 3% Y/Y citywide, with the steepest declines in the apartment sector.
• Inventory is improving, reducing urgency for buyers compared to 2024–2025.
• Seasonal spring activity pushed prices slightly higher month‑over‑month.

04/29/2026

The Bank of Canada has officially held its key interest rate at 2.25%, marking the fourth consecutive hold as of April 29, 2026.

🇨🇦 What This Means Right Now

The central bank kept the overnight rate at 2.25%, saying the current level “looks appropriate” as long as the economy and inflation evolve as expected. This decision was widely anticipated by economists and markets.

🔍 Why the Rate Was Held

Several major global and domestic pressures influenced the decision:

• War in Iran driving oil prices higher, pushing inflation up in the short term.

• U.S. tariffs and trade uncertainty, which continue to weigh on exports and business investment.

• Soft labour market with unemployment around 6.5–7%.

• Volatile global markets reacting to geopolitical risks.

Despite these pressures, the Bank sees long‑term inflation expectations as stable, and believes the current rate supports economic adjustment.

04/27/2026

Looking for trusted guidance in Calgary’s real estate market?
Discover why choosing Tej Pradhan, REALTOR® | Real Broker as your REALTOR® makes a difference!

04/21/2026

❤️❤️

04/05/2026

Happy Easter!!

04/01/2026

🏙️ Calgary Housing Market — March 2026 (CREB® Official Update)

CREB® describes March 2026 as a month where market conditions diverged sharply by property type. Detached homes stayed tight, while apartments and row units saw elevated supply. Citywide, the market appears balanced, but the underlying dynamics are far from uniform.

📌 Citywide Highlights — March 2026

• Sales: 1,881
— Higher than February, but 13% lower than March 2025
• Inventory:
— Above the 10‑year average for row and apartment units
— Below long‑term trend for detached homes
• Benchmark Price (Total Residential): $565,600
— Up nearly 1% from February
— Down over 4% year‑over‑year
• Market Conditions:• Detached: Tight
• Semi‑Detached: Balanced
• Row: Oversupplied
• Apartments: Buyer‑favoured

CREB® Chief Economist Ann‑Marie Lurie highlights that while the overall market looks balanced, segment‑level differences are significant, especially the contrast between detached strength and apartment weakness.

🏡 Detached Homes — March 2026

• Sales: 982
• New Listings: 1,614
• Sales‑to‑New‑Listings Ratio: 61%
• Inventory: Roughly unchanged from last year
• Months of Supply: Just over 2 months
• Benchmark Price: $741,300
— 3% below last year’s peak of $766,600

Market feel:
Detached remains Calgary’s tightest and most resilient segment. Several districts (NW, West, South, SE, East) sit at under 2 months of supply, which continues to support price stability.

🏘️ Row / Townhomes — March 2026

• Inventory sits well above the 10‑year average
• Conditions lean balanced to buyer‑friendly
• Prices remained modest to stable through Q1

Market feel:
Demand is steady, but elevated supply is preventing price growth.

🏢 Apartment Condos — March 2026

• Sales decline driven largely by apartment‑style units
• Inventory sits well above long‑term trends
• Prices:• Down over 4% year‑over‑year
• Down another 3% in Q1 compared to Q4 2025

Market feel:
This is the weakest segment in Calgary. Oversupply and slower migration are pushing prices downward.

🧭 CREB®’s Overall Interpretation

• The headline numbers look balanced, but the segment‑level story is polarized.
• Detached: Tight → upward price pressure
• Apartments: Oversupplied → downward price pressure
• Row & Semi: Middle ground → stable to slightly soft
• Benchmark price is stabilizing month‑to‑month but remains down year‑over‑year.

02/10/2026

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