Home sales in Calgary, Alberta declined 11.2% year-over-year in February amid a sharp drop in condominium activity.
The Calgary Real Estate Board said in a news release that 1,526 homes were sold in February of this year as the average sale price fell 4.4% year-over-year to $560,500.
Apartment and row-style homes saw year-over-year price decreases of 9.3% and 5%, respectively.
The real estate board said it remains a buyers’ market as the city deals with excess housing supply that is exerting downward pressure on prices.
Detached home prices declined 3.2% and semi-detached prices ticked 0.4% lower compared with February 2025.
The board added that Calgary’s housing market continues to struggle with limited supply of homes priced below $700,000.
Also during February, there were 2,766 new houses listed for sale, down 2.3% from a year earlier, while the city’s inventory rose 16.3% to 4,822 total homes for sale.
