This home type is seeing the largest price drop in Calgary right now
If you’re looking for a place in Calgary, a new real estate report just revealed that one home type is leading the way in price declines.
The Calgary Real Estate Board (CREB) recently released its May 2026 housing report, which showed that apartment-style homes are experiencing some of the steepest declines in the city.
In May, the benchmark price for an apartment was $300,400, down nine per cent from the same time last year. Prices have also declined since the start of 2026.
According to the CREB, elevated inventory levels and slowing sales are putting downward pressure on prices. Apartment sales are down 30 per cent year-over-year, the biggest drop among all housing types.
Calgary Real Estate Board
Apartment inventory currently sits at 2,070, which has pushed months of supply up to 5.14. That means it would take just over five months to sell all of the apartments on the market, a 41 per cent increase compared to last year.
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As for Calgary’s other housing types, row-style homes saw the second-largest decline, with benchmark prices falling six per cent year-over-year to $422,300.
Semi-detached homes saw little change, with prices dropping by just one per cent to $691,100, followed by detached homes, which saw a two per cent decline to $747,800.
Calgary Real Estate Board
As a whole, the total residential benchmark price in Calgary dropped by three per cent year-over-year to $570,500.
If you’re wondering how the housing market is shaping up outside of Calgary, we dove into the CREB’s regional report to see what spots are seeing the biggest detached home price declines.
You can find the CREB’s full May 2026 report online.