The Calgary Real Estate Board says home sales in the city dropped last month as economic uncertainty took a toll on consumer confidence. A mural is seen through high-rises in Calgary, Alta., Tuesday, June 28, 2022.THE CANADIAN PRESS/Jeff McIntosh
Calgary home sales drop again in June as inventory keeps piling up: board
CALGARY - 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 Calgary Real Estate Board says home sales in the city dropped last month as economic uncertainty took a toll on consumer confidence. A mural is seen through high-rises in Calgary, Alta., Tuesday, June 28, 2022.THE CANADIAN PRESS/Jeff McIntosh
CALGARY - 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.
ARTICLE CONTINUES BELOW
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.”
The residential benchmark price was $586,200 last month, marking a 3.6 per cent decrease from June 2024 levels.
This report by The Canadian Press was first published July 2, 2025.
To join the conversation set a first and last name in your user profile.
Sign in or register for free to join the Conversation