Calgary Real Estate Market Update

Gains in resale supply mostly impact apartment and row style home prices 

Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain.

All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.

“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.”

The unadjusted benchmark price was $586,200 in June, lower than last month and over three per cent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three per cent lower than last year. Meanwhile, detached prices have remained relatively stable and semi-detached homes are still slightly higher than last year.

The steeper price declines for apartment and row style homes are reflective of those segments shifting toward a market that favours the buyer with nearly four months of supply. Meanwhile conditions are relatively balanced for detached and semi-detached homes. Overall conditions in Calgary have changed, but not enough to erase the significant growth in prices that have occurred over the past four years.

For a community specific statistical report, please connect with me.

Upcoming Events in Calgary

There are ALWAYS endless things to do in the great city of Calgary. Here is a shot list of upcoming events.

• The Calgary Stampede: July 3 - 13

• Badlands Music Festival: July 3 - 13

• Cowboys Music Festival: July 3 - 13

• Calaway Comic Fest for Kids: July 11-13

• Chamberfest West: July 14-19

• Omatsuri Japanese Festival: July 18–19

• YYC Ice Cream Fest 2025: July 18 to August 17

• Fiestaval Latino: July 18-20

• Terminus Music Festival: July 24-27

• Calgary Folk Music Festival: July 24-27

• Pet-A-Palooza: July 26-27

• U/D Night Market – July Edition: July 30

• Calgary International Blues Festival: July 31- Aug 3

• A Taste of Calgary Food Festival: July 31-Aug 5

Current Listings

Article of the Month

Buying New: Pre-Construction vs. New Construction Homes . What You Need to Know

If you’ve been exploring the idea of buying a brand-new home, you’ve probably come across the terms "pre-construction" and "new construction." While they may sound similar, there are key differences that can impact your decision, and your bottom line. Let’s break it down

Pre-Construction vs. New Construction:

Pre-Construction Homes: These are homes that haven’t been built yet. When you buy pre-construction, you're purchasing based on floorplans, models, and builder specifications. Often, you'll have the most flexibility to customize finishes and layouts, but you’ll also need to be comfortable waiting months or even years for the home to be completed.

New Construction Homes: These are homes that are either already built or nearly finished, typically part of a new development. You’ll still benefit from everything being brand-new, without the lengthy wait. However, customization may be limited to what's already been chosen by the builder.

Working with Builders:

What Buyers Should Know While builders have their own sales teams, it’s important to remember that those reps work for the builder, not you. Their job is to protect the builder’s interests. That’s why having your own professional REALTOR® is so important. I represent your interests, helping you navigate upgrades, contracts, timelines, and expectations, while making sure no detail is overlooked.

New Home Warranty: What’s Covered?

In Alberta, all newly built homes come with a mandatory New Home Warranty, which protects your investment with coverage for:

• 1 year: Materials & labor (e.g., flooring, baseboards, finishes)

• 2 years: Delivery & distribution systems (e.g., heating, plumbing, electrical)

• 5 years: Building envelope (e.g., roof and exterior walls)

• 10 years: Structural integrity (e.g., foundation, frame)

It’s important to read the fine print. Warranty coverage can vary slightly depending on the builder and program provider.

Why You Should Always Have a REALTOR® Represent You:

Here’s what a licensed, experienced REALTOR® brings to the table when buying a new home:

1. Objective Advice: I help you compare builders, pricing, and locations based on your goals—not a builder’s sales target.

2. Contract Expertise: Builder contracts can be complex. I’ll help review the fine print, so you’re not caught off guard by hidden fees or unrealistic timelines.

3. Negotiation Support: Even in a new build, there’s often room to negotiate—whether it's price, upgrades, or deposit structure.

4. Seamless Coordination: From inspections to walkthroughs to possession day, I’m with you every step of the way.

Best of all, your representation as a buyer is typically paid by the builder, so you get expert guidance at no additional cost to you.

Final Thoughts:

Whether you’re drawn to a brand-new turnkey home or want to build your dream from the ground up, working with a trusted REALTOR® ensures the process is smooth, informed, and in your best interest. If you’re thinking about exploring a new or pre-construction home, let’s talk. I’d be honoured to guide you through it.

Know anyone looking to buy or sell? Get in touch!

Raising Funds for Riverbend Community Centre 18th Street Beautification Project

I volunteer as a board member with the Riverbend Community Association. We are currently raising funds for planters along the 18th street medians. Because Riverbend doesn’t have HOA fees, all beautification and community initiatives are done by donation, grants and fund raising. Please join us in out 50-50 raffle and hopefully win big!

To buy tickets, click on the link above and support a great community cause!