Dwelling gross sales totalled 2,236 in April, down 22% from final yr’s document excessive, in line with the Calgary Actual Property Board (CREB).

Regardless of the steep drop, CREB says exercise remains to be consistent with long-term averages. The larger shift got here from a bounce in new listings, which pushed stock to five,876 models—greater than double final yr’s trough and far nearer to typical April ranges.

“Financial uncertainty has weighed on house gross sales in our market,” stated CREB Chief Economist Ann-Marie Lurie. “However ranges are nonetheless outpacing exercise reported throughout the difficult financial local weather skilled previous to the pandemic.”

She added that earlier beneficial properties in migration, steady employment previous to the newest commerce shocks, and barely decrease lending charges are doubtless serving to maintain gross sales from falling extra considerably.

Extra listings convey steadiness—and slower worth development

With practically three months of provide now in the marketplace, Calgary is transferring into balanced territory. That’s helped sluggish the tempo of worth beneficial properties, notably after the steep will increase of the previous a number of years.

The town-wide benchmark worth in April was $591,100, comparatively unchanged from March and down 1.4% year-over-year. Indifferent and semi-detached costs stay greater than 2% increased than a yr in the past, whereas condo and row-style costs are flat year-over-year.

CREB famous that situations range relying on worth level and housing sort. Decrease-priced indifferent and semi-detached houses stay undersupplied, whereas the condo and row segments are seeing extra steadiness due to a spike in listings.

Costs maintain regular throughout segments as provide builds

Indifferent house gross sales had been down 16% year-over-year, with stock rising to 2,511 models and the benchmark worth holding at $769,300—up simply over 2% from final April. Semi-detached gross sales additionally declined, and with stock greater than doubling from final yr, worth development has slowed. The benchmark for semi-detached houses was $691,700, up 3% from a yr in the past however flat month-over-month.

Within the extra reasonably priced row and apartment segments, gross sales had been additionally down, however stock beneficial properties helped take strain off costs. Row house costs stayed flat at $457,400, whereas apartment costs held at $336,000—unchanged from final yr and nonetheless under the 2024 peak. The condo section now has three months of provide, although situations range extensively by district.

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Final modified: Might 1, 2025