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 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.
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.
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The words "potential", "anticipate", "meaningful", "significant", "pending", "believe", "estimate", "expect", "may", "will", "project", "plan", "historical", "historic" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, Ridgeline has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Swift project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner. 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There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Ridgeline does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
