Ivy Zeng Real Estate - Art Lee Team - REAL Broker

09/03/2026

🏡 Calgary Real Estate Market Update – August 2026 📊

In August, Calgary's housing market continued to slow, with sales falling 16% from last year to 1,660 units. New listings also declined nearly 10% to 3,141 units. Despite lower inventory, the slowdown in sales pushed months of supply to nearly four months.

Detached and semi-detached homes remain relatively balanced, while row homes and especially apartment-style homes continue to face higher supply and buyer’s market conditions.

Higher-priced homes have been more active, with sales over $1 million increasing from last year, mainly driven by detached and semi-detached properties. Meanwhile, favourable rental conditions are limiting the transition from renting to homeownership, particularly in the lower price ranges.
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🏠 Detached Homes

Benchmark Price: $744,300 (-1% YoY)
Months of Supply: 3.39
Sales: 875 units (-12% YoY)

The North West, West, South and South East districts remain below three months of supply, while the North and North East are above four months. Prices rose over 2% YoY in the West and City Centre, while the North East saw the largest decline at over 6%.

🏡 Semi-Detached Homes

Benchmark Price: $690,500 (1% YoY)
Months of Supply: 3.30
Sales: 168 units (-18% YoY)

Market conditions remain relatively balanced despite sales slowing and months of supply rising above three months for the first time since January. Prices have remained stable, with gains in the City Centre, North West and West offsetting declines in other areas.

🏰 Row/Townhouses

Benchmark Price: $415,200 (-5% YoY)
Months of Supply: 3.85
Sales: 284 units (-16% YoY)

Supply exceeded four months in the City Centre, North East and North districts. Prices declined across all districts, with the steepest drop of over 12% in the North East.

🏢 Apartments

Benchmark Price: $295,400 (-8% YoY)
Months of Supply: 5.68
Sales: 333 units (-26% YoY)

Apartment-style homes continue to face the highest level of oversupply and remain firmly in a buyer’s market. Rising rental supply is reducing demand from both first-time buyers and investors. Prices have fallen nearly 13% from their August 2024 peak of $341,300.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
REALTOR® / Certified Condominium Specialist
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

08/07/2026

🏡 Calgary Real Estate Market Update – July 2026 📊

Calgary’s housing market slowed in July, with sales falling to 1,904 units and new listings declining to 3,323. Sales were 9% lower than last year, while new listings were down 15%.

The overall benchmark price eased to $569,200, down 2% from last year. The biggest price declines continue to be in the apartment segment, where persistent oversupply has pushed prices down more than 8% YoY. Meanwhile, detached and semi-detached homes remain relatively balanced.
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🏠 Detached Homes

Benchmark Price: $743,900 (-2% YoY)
Months of Supply: 2.90
Sales: 1012 units (-2% YoY)

Market conditions remain balanced overall. The West has less than two months of supply, while the Northeast has more than five months. Prices increased in the City Centre and West, while the Northeast saw the largest decline at nearly 6% YoY.

🏡 Semi-Detached Homes

Benchmark Price: $691,000 (0% YoY)
Months of Supply: 2.89
Sales: 198 units (6% YoY)

The market remains relatively balanced. Prices have stayed stable overall, although the Northeast has moved into buyer’s market conditions. The West was the only district to record a year-over-year price increase.

🏰 Row/Townhouses

Benchmark Price: $418,500 (-6% YoY)
Months of Supply: 3.90
Sales: 286 units (-23% YoY)

Sales have declined for three consecutive months, pushing year-to-date sales 15% below last year. Prices are down across all districts, with the largest declines in the Northeast and East.

🏢 Apartments

Benchmark Price: $297,600 (-8% YoY)
Months of Supply: 4.90
Sales: 408 units (-20% YoY)

Market conditions continue to favour buyers. Resale inventory remains elevated at 1,999 units. Persistent oversupply, combined with weaker demand, has pushed condo prices down 13% from the 2024 peak.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

07/10/2026

🏡 Calgary Real Estate Market Update – June 2026 📊

June home sales improved from May, reaching 2,197 sales, but remained 4% lower than last year and slightly below the long-term June average. Slower migration continues to reduce demand for higher-density housing, while several years of record housing construction have significantly increased inventory.

Most of the inventory growth is concentrated in apartments, where buyers now have much more choice. The condo market remains firmly in buyer's market territory, putting continued downward pressure on prices. In contrast, detached homes continue to experience relatively balanced conditions, with some districts still reaching record-high prices.
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🏠 Detached Homes

Benchmark Price: $750,500 (-1% YoY)
Months of Supply: 2.49
Sales: 1202 units (1% YoY)

The detached market remains generally balanced across Calgary. Strong demand for homes over $1M and under $600K helped offset slower activity in other price ranges. The West and City Centre districts reached new record-high prices, while the Northeast remains a buyer's market, with prices down nearly 7% year over year.

🏡 Semi-Detached Homes

Benchmark Price: $694,600 (0% YoY)
Months of Supply: 2.50
Sales: 234 units (10% YoY)

Balanced market conditions continue to support stable pricing. The Northwest, West, and City Centre all reached new record-high prices, while the Northeast recorded the largest annual price decline at nearly 6%.

🏰 Row/Townhouses

Benchmark Price: $424,100 (-6% YoY)
Months of Supply: 3.41
Sales: 338 units (-3% YoY)

Inventory remains above historical norms, giving buyers more options and creating a more balanced market. Prices declined across every district compared with last year, ranging from 2% in the South to 10% in the Northeast and East.

🏢 Apartments

Benchmark Price: $299,000 (-9% YoY)
Months of Supply: 4.91
Sales: 423 units (-20% YoY)

The apartment market continues to favor buyers. Elevated inventory and softer demand are putting significant pressure on prices. The steepest declines occurred in the Northeast and East, where prices have fallen by more than 14%.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

06/25/2026

06/18/2026

06/04/2026

🏡 Calgary Real Estate Market Update – May 2026 📊

Calgary’s housing market continued to shift toward balanced conditions in May. Inventory climbed to 6,752 units, sitting 11% above long-term averages as apartment and row home supply remained elevated.

The impact is most noticeable in the apartment market, where inventory has surpassed five months of supply and conditions now strongly favor buyers. Detached and semi-detached homes remain relatively balanced, while row homes are trending toward more neutral conditions. Rising living costs, slower migration, and increased rental and new home supply are also weighing on buyer activity and price growth.
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🏠 Detached Homes

Benchmark Price: $747,800 (-2% YoY)
Months of Supply: 2.45
Sales: 1192 units (-6% YoY)

The detached market remains balanced overall, supported by limited inventory. Demand has been strongest for homes under $600,000 and luxury properties above $1.5 million. Market conditions vary across the city, with the West district remaining a seller’s market while the Northeast has shifted into buyer’s market.

🏡 Semi-Detached Homes

Benchmark Price: $691,100 (-1% YoY)
Months of Supply: 2.73
Sales: 217 units (-15% YoY)

Balanced conditions continue across the semi-detached segment. Prices have recovered from earlier in the year and are trending upward in most districts.

🏰 Row/Townhouses

Benchmark Price: $422,300 (-6% YoY)
Months of Supply: 3.35
Sales: 350 units (-23% YoY)

Inventory continues to improve as sales ease and new listings outpace demand. While prices have increased compared with the beginning of the year, they remain below 2025 levels. The largest price declines were reported in the Northeast and East districts, both down more than 10% year over year. The West district has remained the most resilient.

🏢 Apartments

Benchmark Price: $300,400 (-9% YoY)
Months of Supply: 5.14
Sales: 403 units (-30% YoY)

Buyer friendly conditions persist in the apartment market as elevated inventory and slower demand continue to pressure prices. Competition from rental properties and new condo developments is adding further supply. The sharpest price declines were seen in the Northeast, North, and East districts, all reporting double digit annual decreases.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

05/20/2026

🌟 Calgary Community Guide Series - Ranchlands 🌟

Ranchlands is a mature community in northwest Calgary, established in 1977. Ranchlands has two elementary schools, an active community association, nearby shopping, dining, and health services, and plenty of parks and outdoor spaces where you can go for some fun and recreation. Compared to surrounding communities, Ranchlands remains relatively affordable while offering a wider range of housing options.

Unlike many newer communities with cookie cutter homes, Ranchlands features more architectural variety and character. Mature trees, spacious lots, and natural greenery create a quiet atmosphere, while the earthy exterior tones of many homes add to the timeless charm of this established neighborhood.

🌟 Amenities

Ranchlands is next to one of Calgary’s largest outdoor shopping centers Crowfoot Crossing with over 240 stores. Residents have access to many dining, shopping and entertainment options, including Home Depot, Safeway, Calgary Co-op, and Cineplex Cinemas.

Residents also enjoy easy access to recreational facilities like the Crowfoot YMCA and Arena, along with tennis courts, playgrounds, sports fields, outdoor skating, and an off-leash dog park within the community. The Ranchlands Community Association also hosts regular events throughout the year with an affordable annual membership fee of just $20.

In addition, Ranchlands Village, the community's largest plaza, offers a variety of Alberta Health Services, including a walk-in clinic, a pharmacy, and laboratory services.

🌟 Transportation

The community is bordered by major roads and it only takes around 20 minutes from Ranchlands to Downtown Calgary:

North: John Laurie Blvd
South: Crowchild Trail
West: Nose Hill Drive
East: Sarcee Trail

For those who rely on public transportation, there's a Crowfoot C-Train Station, which offers convenient access to the University of Calgary, SAIT, and the downtown core.

🌟 Schools

With public and Catholic elementary schools located right within the community, and public secondary schools in the immediate neighborhood, this area is highly suitable for families with children.

Ranchlands School (K-6, Public)
H.D. Cartwright School (7-9, Public)
Robert Thirsk High School (10-12, Public)
St. Rita School (K-6, Catholic)
St. Jean Brebeuf School (7-9, Catholic)
St. Francis High School (10-12, Catholic)

🌟 Demographics*

Population in private households: 7,490
Median household income: $89,000 (Calgary citywide $98,000)
Low income population percentage: 11% (Calgary citywide 9%)
Owner households 67% (Calgary citywide 69%)
Renter households 33% (Calgary citywide 31%)

🌟 Crime Rate**

Ranchlands reported 53 crimes in 2025, based on its population of 7,490, the crime rate per 1000 residents is 7, much lower than Calgary's citywide average of 19 during the same period.

🌟 Housing options

Unlike many mature NW neighborhoods that rely heavily on single-family homes, Ranchlands offers incredible housing variety. Only half of the community consists of detached homes; townhomes make up over 25%, alongside plenty of semi-detached and condo options. Detached homes here sit on large, leafy lots, while many non-detached properties still enjoy the perk of private backyards. It’s an ideal choice for first-time buyers, small families, or anyone seeking the perfect balance of affordability and comfort.

Construction Year Distribution *:
1961 to 1980: 65%
1981 to 1990: 26%
1991 to 2000: 4%

* Based on 2021 Census of Canada Snapshot
** Data from Calgary Police Service Community Safety Dashboard

If you are thinking about moving to this wonderful community, I am just a call away to help you find your dream home.

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

05/07/2026

🏡 Calgary Real Estate Market Update – April 2026 📊

Calgary’s housing market continued shifting toward more balanced conditions in April. Sales rose seasonally from March but remained 6% lower than last year, as improved inventory and easing migration-driven demand reduced the urgency among buyers.

Overall inventory climbed to 5,973 units, with market conditions varying significantly by property type. Detached homes remain supply constrained in several districts, while apartment style homes continue to favor buyers with over four months of supply citywide.

Home prices saw typical springtime monthly gains, especially in detached and semi-detached homes. However, benchmark prices across all property types remain below last year’s levels, with the largest declines still concentrated in the condo market.
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🏠 Detached Homes

Benchmark Price: $745,400 (-3% YoY)
Months of Supply: 2.25
Sales: 1095 units (0% YoY)

Detached inventory improved slightly in April but remained below long-term averages. Seller’s market conditions continue in the Northwest, West, and South districts. Meanwhile, the Northeast remains in buyer’s market territory.

🏡 Semi-Detached Homes

Benchmark Price: $690,200 (0% YoY)
Months of Supply: 2.50
Sales: 214 units (14% YoY)

Recent gains in new listings supported higher sales activity while keeping market conditions balanced. Prices continued to rise monthly across most districts, bringing benchmark values close to last year’s levels.

🏰 Row/Townhouses

Benchmark Price: $422,900 (-7% YoY)
Months of Supply: 2.89
Sales: 363 units (2% YoY)

Inventory levels continued trending higher as sales eased faster than new listings. Market conditions remain relatively balanced overall, though trends vary widely by district. The Northeast reported the steepest price decline of 11% year to date. The West district remained the most stable.

🏢 Apartments

Benchmark Price: $301,400 (-9% YoY)
Months of Supply: 4.44
Sales: 432 units (-27% YoY)

Buyer’s market conditions continue in the apartment segment as inventory remains well above long-term trends. The largest declines were reported in the Northeast, East, North, and Southeast districts.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary

04/04/2026

🏡 Calgary Real Estate Market Update – March 2026 📊

Calgary’s housing market continued to split by property type in March. Overall conditions looked relatively balanced, but the details tell a more mixed story. Detached homes remained the tightest segment, with limited supply in many districts supporting price stability. At the same time, row and apartment style homes saw inventory rise well above long term averages, giving buyers more choice and putting more pressure on prices.

There were 1,881 sales in March, up from February but still 13% lower than last year. Much of the slowdown came from the apartment sector, where higher supply and slower migration are spreading demand across more listings. The citywide benchmark price reached $565,600, up nearly 1% from last month but down more than 4% from last year. After the first quarter, lower density home prices remained fairly stable, while apartment condo prices continued to trend lower.
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🏠 Detached Homes

Benchmark Price: $741,000 (-3% YoY)
Months of Supply: 2.22
Sales: 982 units (-5% YoY)

Detached homes remained the tightest segment of the market in March. Supply was especially limited in the Northwest, West, South, Southeast, and East districts, where conditions stayed quite competitive. The City Centre and North were more balanced, while the Northeast continued to show more supply relative to demand.

🏡 Semi-Detached Homes

Benchmark Price: $686,100 (-1% YoY)
Months of Supply: 2.49
Sales: 193 units (5% YoY)

Semi-detached sales rose from last year for the second month in a row, supported by gains in both new listings and inventory. Market conditions remained relatively balanced overall, with both sales and inventory tracking close to long term trends.

🏰 Row/Townhouses

Benchmark Price: $423,900 (-6% YoY)
Months of Supply: 2.98
Sales: 322 units (-19% YoY)

Row home sales continued to slow in March, while new listings and rising inventory gave buyers more options. Most districts remain balanced, but the Northeast has shifted further in the buyer’s favor. Prices across the city held fairly steady compared with last month, though they remain well below last year’s level.

🏢 Apartments

Benchmark Price: $300,300 (-9% YoY)
Months of Supply: 4.62
Sales: 384 units (-29% YoY)

Apartments continue to face the most pressure. Inventory climbed to 1,774 units, close to record highs for March, as new listings outpaced sales. With buyers having far more choice, prices have struggled to gain momentum.
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Curious how your community is performing? Feel free to message me. I’d be happy to share localized insights!

Ivy Zeng
825-474-2717
[email protected]
Art Lee Real Estate Team
REAL Broker

Art Lee Real Estate Team - REAL Broker Calgary