Migration pullback dampens demand
CREB data shows overall sales for Alberta
CREB data shows overall sales drop and apartment prices plunge as Alberta migration eases.
Calgary’s resale housing market continued to cool in June, with the Calgary Real Estate Board (CREB) recording 2,197 transactions. That’s down 3.8% from the same month last year and just below the long-term June average.
The citywide residential benchmark price fell 2.1% year-over-year to $572,500, as slowing population growth reshapes demand across nearly every property type.
Government of Alberta data cited by Lurie shows a modest net provincial population increase of roughly 5,000 people between October and January, a marked deceleration.
Year-to-date apartment sales are down 27%, compounding a 28% decline recorded between 2024 and 2025.
Calgary’s detached segment offered relative stability in June, with the benchmark price easing just 1.4% year-over-year to $750,500.
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