Tej Pradhan - Realtor

📊 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.

🇨🇦 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]

🇨🇦 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.

📊 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.

📊 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.

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.

Looking for trusted guidance in Calgary’s real estate market?
Discover why choosing Tej Pradhan, REALTOR® | Real Broker as your REALTOR® makes a difference!

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