Shift back to buyer's market for Calgary real estate — depending on property: CREB report

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeLocal BusinessNewsLocal News Shift back to buyer's market for Calgary real estate — depending on property: CREB report The city's housing landscape is cooling off as prices, along with the number of sales and new listings, tumbled in August Author of the article: By Hiren Mansukhani Published Sep 02, 2026 3 minute read Join the conversation A sold real estate sign was photographed on Thursday, June 22, 2023. Azin Ghaffari/Postmedia file Article content Calgary’s real estate sector is inching back to being a buyer’s market — depending on the property and its location. Article content The city’s housing landscape is cooling off as prices, along with the number of sales and new listings, tumbled in August. Article content Article content The city recorded sales of 1,660 homes — down 16 per cent from the same time last year — and new listings fell 10 per cent to 3,141 units. Meanwhile, the overall benchmark price slid one per cent to $569,800. The average time a listing stayed on the market also increased to 41 days, three days longer than last year. Article content Article content The latest numbers indicate a reversal of a trend sparked in 2021 when Calgary began receiving an influx of migrants as oil prices rose and property rates soared across the country. Article content Noon News Roundup Your weekday lunchtime roundup of curated links, news highlights, analysis and features. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Interested in more newsletters? Browse here. Article content Population growth in the city peaked in 2024 — when it ballooned by more than 100,000 people — pushing the overall benchmark price in December 2024 to $583,300, seven per cent higher than the year before. Article content As Ottawa has tightened rules for immigration, the flow of people into Calgary has declined. The latest trend, according to Ann-Marie Lurie, chief economist at the Calgary Real Estate Board, is a return to more normal conditions. Article content “The adjustments that we’re seeing are really a reflection of coming back into something far different from a time frame with exceptional conditions,” Lurie said. Article content Drops in sales, inventory for some housing types, including apartments Article content The latest downward curve, however, isn’t consistent with all types of…