Calgary Real Estate Market Update May 2026: Apartment Prices Ease as Inventory Remains High

The Calgary real estate market continued to shift in May 2026, with more inventory giving buyers additional options, especially in the apartment condo and row home segments.

According to the Calgary Real Estate Board, total inventory reached 6,752 units in May, which is similar to last year but still 11% higher than long-term trends for this time of year. The increase is mainly coming from apartment-style condos and row homes, while detached home inventory remains tighter.

 

Sales also slowed in May, with 2,162 sales, down 16% compared to May 2025. New listings also declined by 13% year-over-year, but sales slowed at a faster pace, which helped push…

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