Tej Pradhan - Realtor

08/04/2026

The CREB® July 2026 Housing Market Report (released August 4, 2026) confirms a cooling Calgary market, with the sharpest declines concentrated in apartment condominiums, while detached and semi‑detached homes remain comparatively stable.

Key Takeaway

Calgary’s July market slowed: sales and new listings both declined, benchmark prices dipped, and apartment condos saw steep year‑over‑year price drops due to persistent oversupply. Detached and semi‑detached segments stayed mostly balanced.

📉 Citywide Market Conditions (July 2026)

• Sales: 1,904 (‑9% YoY).
• New listings: 3,323 (‑15% YoY).
• Sales‑to‑new‑listings ratio: 57% → balanced.
• Benchmark price: $569,200, slightly below June and 2% lower YoY.
• Months of supply: ~3.5 months (rising).

Driver of softness: Over 17,000 apartment‑style units under construction, creating sustained oversupply.

🏘️ Breakdown by Property Type

Detached

• Sales: 1,012 (‑~2% YoY).
• New listings: 1,707 (‑9% YoY).
• Benchmark price: $750,500, just over 1% below last year.
• Conditions: Balanced; price easing mainly in NE & North districts.

Semi‑Detached

• Benchmark price: $694,600, stable YoY.
• Conditions: Balanced; some districts still show strength.

Row Homes

• Benchmark price: $694,600
• Conditions: Early signs of oversupply.

Apartment Condominiums

• Benchmark price: $299,000, down ~9% YoY — steepest decline.
• Months of supply: ~5 months → buyers’ market.

🧭 What This Means for You (Calgary Buyer/Seller Insight)

• Buyers:
Apartment condos offer negotiating leverage due to oversupply; detached homes remain stable in most districts/quadrants.

• Sellers:
Condo sellers must price competitively; detached sellers can expect steady demand but slower absorption than 2024–25.

• Investors:
High‑density oversupply may continue to pressure condo rents and resale values through late 2026.

07/15/2026

Bank of Canada holds its key interest rate steady at 2.25%, it signals a period of stability in borrowing costs — and that has distinct implications for both buyers and sellers in the real estate market.

🏠 For Buyers

• Stable borrowing costs: With no rate increase, mortgage rates remain relatively predictable, helping buyers plan long-term affordability.
• Confidence in timing: Buyers can move forward with purchases knowing financing conditions aren’t tightening.
• Budget clarity: Fixed-rate mortgages become more appealing, offering peace of mind against future fluctuations.

🏡 For Sellers

• Steady demand: Stable rates often sustain buyer interest, keeping the market active.
• Pricing consistency: Sellers can price homes confidently without sudden market shocks.
• Negotiation balance: With buyers feeling secure, negotiations tend to be smoother and less rushed.

07/02/2026

📊 1. Citywide Market Overview — June 2026 (CREB®)

Total Sales: 2,197, down 3.81% year‑over‑year.
New Listings: 3,899, down 7.67% year‑over‑year.
Inventory: 6,799, down 2.09% year‑over‑year.
Months of Supply: 3.09, slightly higher (+1.79%).
Sales-to-New-Listings Ratio: 56.35%, indicating balanced conditions.

Pricing:

• Benchmark Price: $572,500 (‑2.07% YoY)
• Median Price: $592,500 (‑0.42% YoY)
• Average Price: $669,519 (+3.58% YoY)
• Sale-to-List Price Ratio: 98.02%
• Days on Market: 37 days (+9.51% YoY)

These numbers show a slightly slower but still competitive market, with prices holding firm despite lower sales.

🏠 2. Detached Homes — June 2026

Sales: 1,202 (+0.84% YoY)
New Listings: 1,997 (‑6.86% YoY)
Inventory: 2,987 (‑3.86% YoY)
Months of Supply: 2.49 (tight, seller‑leaning)

Pricing:

• Benchmark Price: $750,500 (‑1.42% YoY)
• Median Price: $715,000 (‑0.69% YoY)
• Average Price: $843,658 (+2.81% YoY)

Detached homes remain the strongest segment, with low supply keeping prices stable.

🏘️ 3. Semi‑Detached Homes — June 2026

Sales: 423 (‑20.34% YoY)
New Listings: 931 (‑9.08% YoY)
Inventory: 2,076 (‑1.75% YoY)
Months of Supply: 4.91 (significantly higher → buyer‑leaning)

Pricing:

• Benchmark Price: $299,000 (‑8.95% YoY)
• Median Price: $295,000 (‑6.94% YoY)
• Average Price: $340,160 (‑3.39% YoY)

Semi‑detached homes saw the largest price declines, driven by rising supply and falling sales.

🏢 4. Row/Townhomes — June 2026

Sales: 234 (+10.38% YoY)
New Listings: 363 (+1.68% YoY)
Inventory: 584 (+5.42% YoY)
Months of Supply: 2.50 (balanced)

Pricing:

• Benchmark Price: $694,600 (+0.17% YoY)
• Median Price: $603,325 (‑2.69% YoY)
• Average Price: $711,779 (+1.48% YoY)

Townhomes remain stable, with modest price movement and healthy demand.

🏙️ 5. Apartment/Condo — June 2026

CREB®’s detailed table shows:

• Sales: 531 → 423 (‑20.34% YoY)
• Benchmark Price: $299,000 (‑8.95% YoY)
• Average Price: $340,160 (‑3.39% YoY)

This segment continues to soften, with higher supply and lower demand pushing prices down.

This aligns with CREB®’s trend: slower sales but strong pricing discipline.

🧭 7. What This Means for Calgary (June 2026)

• The market is balanced, leaning slightly toward buyers in semi‑detached and condos.
• Detached homes remain competitive, with tight supply.
• Prices are stable overall, with slight YoY declines in benchmark values but increases in average prices (indicating more high‑end sales).
• Inventory is not rising sharply, preventing major price drops.

07/01/2026

🇨🇦 Happy Canada Day! 🍁

Today, we celebrate the country we proudly call home—a nation built on diversity, opportunity, kindness, and community.

Whether you’re spending the day with family, friends, or enjoying the beautiful outdoors, I hope your Canada Day is filled with joy, laughter, and unforgettable moments.

As your trusted Realtor, I’m grateful to help individuals and families find a place to call home right here in our amazing city of Calgary. Thank you for your continued trust and support—it truly means the world.

Wishing you and your loved ones a safe, happy, and memorable Canada Day!

🍁 Happy Canada Day! 🇨🇦

Tej Pradhan
Realtor | Real Broker
📞 403-383-2914
📧 [email protected]

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

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