The Calgary Real Estate Board says home sales in the city decreased 16.5 per cent in June compared with last year as higher levels of new listings led to inventory gain.
The board says 2,286 homes changed hands last month, with declines recorded across all property types year-over-year.
CREB chief economist Ann-Marie Lurie says sales decreases come as supply has improved across rental, resale and new home markets, allowing for more choice as inventory returned to levels reported in 2021 before a population surge.
Get weekly money news
There were 4,223 new listings on the market last month, up 11.2 per cent from a year earlier, as the city’s inventory reached 6,941 homes for sale – an 83.2 per cent increase.
Lurie says additional choice in the market – combined with stagnant lending rates, persistent uncertainty and concerns of price adjustments – is keeping many potential buyers on the sidelines, which “is weighing on home prices, especially for apartment and row style homes.”
- Heritage Festival returns to Hawrelak Park this August long weekend
- WestJet flight attendants give 72-hour strike notice, airline issues lockout
- Calgary coming for Slurpee Capital of the World title held by Winnipeg for 2 decades
- Deal to fund water, wastewater infrastructure for housing signed by Alberta and Ottawa
The residential benchmark price was $586,200 last month, marking a 3.6 per cent decrease from June 2024 levels.
-
![]()
Home sales rise for 1st time in 6 months -
![]()
Business Matters: Canadian home sales fell in February amid tariff uncertainty -
![]()
Business Matters: Expect home sales boom this spring, experts say -
![]()
Business Matters: Toronto home sales rose as Vancouver, Calgary saw declines in September -
![]()
Business Matters: Analysts say wave of mortgage renewals driving owners to list homes
Comments
Want to discuss? Please read our Commenting Policy first.