Inventory spike cools Calgary home prices, especially for condos

Calgary's housing inventory rose 83% to 6,941 units, restoring pre-2022 levels and boosting options, especially for apartments and row homes. Home sales fell 16.5% to 2,286 units, while new listings increased 11.2%, balancing the market. Prices dropped 3.6% citywide, mainly in apartments and row homes, while detached home prices remained stable. Supply gains and cautious buyers are softening demand.