Calgary home sales slip in June as migration pullback dampens demand
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 from earlier boom-era growth, with international migration contracting.
Statistics Canada’s Q4 2025 demographic estimates corroborate the trend, placing Alberta’s net interprovincial gain at 3,684 people in that quarter, down from 4,993 a year earlier.
Brokers tracking signs of strain in Calgary’s housing market say the data aligns with conditions they have been observing on the ground since late 2025.
Apartment sector bearing the heaviest load
The sharpest deterioration is concentrated in the apartment condominium segment. June benchmark prices for apartment-style units fell nearly 9% year-over-year to $299,000, with months of supply sitting at approximately five months and a sales-to-new-listings ratio of 45%, both firmly in buyer’s market territory.
Year-to-date apartment sales are down 27%, compounding a 28% decline recorded between 2024 and 2025. Row-style properties have also struggled, with the benchmark price dropping 5.5% year-over-year to $424,100 and year-to-date sales off close to 16%.
