06/02/2026
The Calgary housing market in May 2026 continues to show a clear split depending on property type as supply builds across the city.
Overall conditions are leaning balanced, but what that looks like really depends on the segment. Detached homes remain relatively tight with steady demand, while apartment condos continue to see higher inventory and more buyer-friendly conditions.
A few key takeaways from May:
• Sales reached 2,162, down 16% year-over-year
• Inventory climbed to 6,752 units, still 11% above long-term trends
• Sales-to-new-listings ratio eased to 51%
• Detached homes remain tighter with seasonal price strength
• Apartment condos continue to see price pressure, down about 9% year-over-year
• Benchmark price came in at $570,500, down 3% year-over-year
Overall, the market is balanced on the surface but very different underneath, depending on property type, with condos offering more choice for buyers and detached homes staying more competitive.
