Only one nearby city is seeing a bigger drop in home prices than Calgary

Detached home prices in Calgary are cooling, with a 0.8% year-over-year decline, while surrounding communities mostly see price increases. Airdrie leads in sales decline at 14% and has a 3.3% price drop. Cochrane and Okotoks show smaller sales declines but stable or rising prices. Inventory has increased due to new listings, reaching the highest July level since 2019. Strathmore and High River report notable price gains.