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Market Stats for May 2026

Apartment prices ease as inventory remains elevated.

In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends. 

At the same time, sales activity has been slowing. Calgary sales in May were 2,162 units, 16 per cent lower than last year’s levels and similar to sales reported in April. While new listings also slowed by 13 per cent compared with last year, it was not enough to offset the pullback in sales, causing the sales-to-new-listings ratio to ease to 51 per cent. The lower ratio also contributed to some of the inventory build, causing the months of supply to rise. However, conditions do vary across the market, with a range of two-and-a-half months of supply in the detached market to more than five months of supply in the apartment condominium market.    

“The shift in supply is being felt in the market. More supply choice in the new and rental markets has created a more competitive environment for potential buyers. At the same time, concerns over rising cost of living and slower migration are also weighing on consumers,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “While this has caused the overall resale market to shift to a balanced state, the supply pressure is having a more prevalent impact for apartment-style units, where conditions are favouring the buyer. This is also impacting price movements, with apartment prices continuing to trend down and other property types reporting a seasonal lift over the winter months.”  

The unadjusted total residential benchmark price in May was $570,500, up over April’s levels and the $554,400 reported in January, but still three per cent lower than last May. Most of the unadjusted monthly gain was driven by detached homes, which rose from $724,000 in January to $747,800 in May. Apartment prices remain lower than January levels and are nine per cent lower than levels reported last May. Overall, when adjusting for seasonality, total residential prices have remained relatively stable, as detached improvements have offset pullbacks for apartment-style homes.

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CONDITIONALLY SOLD!

🎉     CONDITIONALLY SOLD  🎉

💰 PRICED AT $1,399,000  💰

🏡 327 Rodeo Ridge 🏡

🛏️ 7 Bedrooms   🛁 5 Bathrooms

#️⃣ A2290855

Thinking of buying or selling?  Reach out for help navigating the market. 

Welcome to 327 Rodeo Ridge in the prestigious golf course community of Springbank Links. This spectacular 7-bedroom estate home is nestled on a stunning private, treed lot, offering the rare combination of acreage-style privacy with significantly less upkeep, just minutes from Calgary.  Thoughtfully designed across three fully finished levels, this exceptional home offers expansive and refined living space ideal for growing families and multi-generational living. The bright open-concept layout showcases rich hardwood flooring, elegant wrought iron railings, two gas fireplaces with stately mantles, and an abundance of natural light throughout.  At the heart of the home is a beautifully situated gourmet kitchen featuring granite countertops, warm wood cabinetry, upgraded stainless steel appliances, and numerous built-ins. A convenient walk-through pantry connects seamlessly to the main living areas, while the bright breakfast nook overlooks the peaceful, private backyard. Entertain effortlessly in the formal dining room, gather in the inviting living spaces, or host guests at the main-floor wet bar. A main floor den provides the perfect setting for a private home office.  Upstairs, the home offers four spacious bedrooms, including a luxurious primary retreat complete with a spa-inspired 4-piece ensuite featuring a jetted tubDual laundry areas on the upper and lower levels provide added everyday convenience.  The fully developed walkout basement further enhances the home’s versatility, featuring a complete mother-in-law suite, two additional bedrooms, and generous living space—perfect for extended family, guests, or independent living arrangements.  Additional highlights include a heated triple-car garage, quality craftsmanship throughout, and a mature, beautifully treed setting that offers exceptional privacy.  Located in the highly sought-after Springbank Links community, residents enjoy championship golf, a pickleball court, year-round dining, and winter trail networks for walking, jogging, and cross-country skiing, all within the neighborhood.  Families will appreciate the close proximity to Springbank Schools (K–12) with bus service available. Springbank High School was ranked in the top 5% of Alberta high schools by the Fraser Institute in 2024, making this an outstanding location for families focused on academic and athletic excellence.  Just minutes away, Bingham Crossing offers convenient shopping, dining, and everyday services, while downtown Calgary remains an easy commute, allowing you to enjoy peaceful estate living without sacrificing city accessibility.  Utilities and services include Emerald Bay Water Co-op, and the Rodeo Ridge Condo Association ($250/year) covers garbage and recycling services.  This is a rare opportunity to own an elegant estate home in one of Springbank’s most prestigious golf course communities—where privacy, lifestyle, and convenience come together beautifully.

 

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Priced to sell!  Price Reduced to $1,399,000

💰 PRICE REDUCED $1,399,000  💰

🏡 327 Rodeo Ridge 🏡

🛏️ 7 Bedrooms   🛁 5 Bathrooms

#️⃣ A2290855

Welcome to 327 Rodeo Ridge in the prestigious golf course community of Springbank Links. This spectacular 7-bedroom estate home is nestled on a stunning private, treed lot, offering the rare combination of acreage-style privacy with significantly less upkeep, just minutes from Calgary.  Thoughtfully designed across three fully finished levels, this exceptional home offers expansive and refined living space ideal for growing families and multi-generational living. The bright open-concept layout showcases rich hardwood flooring, elegant wrought iron railings, two gas fireplaces with stately mantles, and an abundance of natural light throughout.  At the heart of the home is a beautifully situated gourmet kitchen featuring granite countertops, warm wood cabinetry, upgraded stainless steel appliances, and numerous built-ins. A convenient walk-through pantry connects seamlessly to the main living areas, while the bright breakfast nook overlooks the peaceful, private backyard. Entertain effortlessly in the formal dining room, gather in the inviting living spaces, or host guests at the main-floor wet bar. A main floor den provides the perfect setting for a private home office.  Upstairs, the home offers four spacious bedrooms, including a luxurious primary retreat complete with a spa-inspired 4-piece ensuite featuring a jetted tubDual laundry areas on the upper and lower levels provide added everyday convenience.  The fully developed walkout basement further enhances the home’s versatility, featuring a complete mother-in-law suite, two additional bedrooms, and generous living space—perfect for extended family, guests, or independent living arrangements.  Additional highlights include a heated triple-car garage, quality craftsmanship throughout, and a mature, beautifully treed setting that offers exceptional privacy.  Located in the highly sought-after Springbank Links community, residents enjoy championship golf, a pickleball court, year-round dining, and winter trail networks for walking, jogging, and cross-country skiing, all within the neighborhood.  Families will appreciate the close proximity to Springbank Schools (K–12) with bus service available. Springbank High School was ranked in the top 5% of Alberta high schools by the Fraser Institute in 2024, making this an outstanding location for families focused on academic and athletic excellence.  Just minutes away, Bingham Crossing offers convenient shopping, dining, and everyday services, while downtown Calgary remains an easy commute, allowing you to enjoy peaceful estate living without sacrificing city accessibility.  Utilities and services include Emerald Bay Water Co-op, and the Rodeo Ridge Condo Association ($250/year) covers garbage and recycling services.  This is a rare opportunity to own an elegant estate home in one of Springbank’s most prestigious golf course communities—where privacy, lifestyle, and convenience come together beautifully.

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So rewarding to help repeat clients!

So rewarding to help my repeat clients with their real estate goals! 🥰 I truly value and appreciate what a compliment it is to help my previous clients with their current goals and don't take that responsibility lightly. Moves are tough, even if you are moving between Calgary and Edmonton, both Cassie and I are here to help make that process smoother. If you are considering buying or selling please reach out.

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PRICE REDUCED $5,795,000 on this rare 20 Acres

💰 PRICE REDUCED TO $5,5795,000
📢        Rare Investment Opportunity
🤩        Sweeping Mountain Views
📍        237 Escarpment Drive, Springbank

🌲  RARE very private treed 20 Acres

   MLS A2279962

Room to breathe, every once in a while, an extremely RARE 20-Acre Ridge top legacy estate with SWEEPING Rocky Mountain Views comes available. Experience an unparalleled blend of natural beauty, privacy, and potential with this exceptional 20-acre property perched high on the ridge along prestigious Escarpment Drive in Lower Springbank. Offering uninterrupted, PANORAMIC views of the majestic Rocky Mountains, from this one owner occupied property. This timeless ARCHITECTURAL masterpiece, spans over 6,600 sq. ft. and is surrounded by mature trees, a tranquil pond and seasonable stream, and thoughtfully designed outdoor living spaces—each perfectly positioned to capture the awe-inspiring views while maintaining complete seclusion. Inside, the vaulted foyer opens to a stunning great room with floor-to-ceiling windows framing the Rockies. Warm terracotta tile and light oak hardwood flow through the main level. The spacious formal dining room, with its elegant tray ceiling, while the SUNLIT updated kitchen features premium appliances, granite counters, a spacious dining area with full-height windows, and a generous butler’s pantry for effortless entertaining. Outstanding owner’s retreat offers a serene escape with a mountain-facing primary bedroom, luxurious 5-piece ensuite, walk-in closet, and an adjoining office or sitting room with a gas fireplace and expansive windows. The WALKOUT lower level is designed for comfort and hospitality, featuring three large bedrooms (one with ensuite), a 4-piece bath with steam shower and sauna, and a cozy family room with a fireplace built from rocks gathered on the property. French doors lead to a west-facing patio, the perfect spot to watch the sun set behind the mountains. The upper level offers even more flexibility: a lofted family room with a Spanish-style wood-burning fireplace, a bright skylit den, a hobby room, a 3-piece bath, and a full billiards room with an authentic snooker table. This property is TREED, and the private acreage is boundary fenced and brimming with potential and ripe for future development, equestrian pursuits, or simply preserving as untouched natural space. This ideal location is just 5 minutes to Calgary’s west side amenities and Stoney Trail, close to downtown, and Rocky Mountains, IRRECPLACEABLE location combines convenience with seclusion. Whether you’re a visionary looking for a once-in-a-lifetime investment or a discerning buyer seeking an extraordinary private estate, this property offers tons possibilities. This is more than a home—it’s a rare OPPORTUNITY to own a piece of Alberta’s most breathtaking landscapes and mountain views.

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Dramatic price reduction to $1,449,000

💰 PRICE REDUCED $1,449,000 💰

🏡 327 Rodeo Ridge 🏡

🛏️ 7 Bedrooms   🛁 5 Bathrooms

#️⃣ A2290855

Welcome to 327 Rodeo Ridge in the prestigious golf course community of Springbank Links. This spectacular 7-bedroom estate home is nestled on a stunning private, treed lot, offering the rare combination of acreage-style privacy with significantly less upkeep, just minutes from Calgary.  Thoughtfully designed across three fully finished levels, this exceptional home offers expansive and refined living space ideal for growing families and multi-generational living. The bright open-concept layout showcases rich hardwood flooring, elegant wrought iron railings, two gas fireplaces with stately mantles, and an abundance of natural light throughout.  At the heart of the home is a beautifully situated gourmet kitchen featuring granite countertops, warm wood cabinetry, upgraded stainless steel appliances, and numerous built-ins. A convenient walk-through pantry connects seamlessly to the main living areas, while the bright breakfast nook overlooks the peaceful, private backyard. Entertain effortlessly in the formal dining room, gather in the inviting living spaces, or host guests at the main-floor wet bar. A main floor den provides the perfect setting for a private home office.  Upstairs, the home offers four spacious bedrooms, including a luxurious primary retreat complete with a spa-inspired 4-piece ensuite featuring a jetted tubDual laundry areas on the upper and lower levels provide added everyday convenience.  The fully developed walkout basement further enhances the home’s versatility, featuring a complete mother-in-law suite, two additional bedrooms, and generous living space—perfect for extended family, guests, or independent living arrangements.  Additional highlights include a heated triple-car garage, quality craftsmanship throughout, and a mature, beautifully treed setting that offers exceptional privacy.  Located in the highly sought-after Springbank Links community, residents enjoy championship golf, a pickleball court, year-round dining, and winter trail networks for walking, jogging, and cross-country skiing, all within the neighborhood.  Families will appreciate the close proximity to Springbank Schools (K–12) with bus service available. Springbank High School was ranked in the top 5% of Alberta high schools by the Fraser Institute in 2024, making this an outstanding location for families focused on academic and athletic excellence.  Just minutes away, Bingham Crossing offers convenient shopping, dining, and everyday services, while downtown Calgary remains an easy commute, allowing you to enjoy peaceful estate living without sacrificing city accessibility.  Utilities and services include Emerald Bay Water Co-op, and the Rodeo Ridge Condo Association ($250/year) covers garbage and recycling services.  This is a rare opportunity to own an elegant estate home in one of Springbank’s most prestigious golf course communities—where privacy, lifestyle, and convenience come together beautifully.

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April Market Stats

In line with seasonal expectations, both sales and inventory levels trended up relative to March’s activity. Despite this typical monthly rise, April sales totalled 2,104 units, six per cent lower than levels reported in 2025.“Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers, helping our market shift away from seller’s market conditions to more balanced conditions,” said Ann-Marie Lurie, CREB®’s Chief Economist. “However, the trend of limited supply choice in the detached market continues, while conditions favour the buyer in the apartment condominium market.” 

With 3,829 new listings in April, the sales-to-new-listings ratio remained at 55 per cent, supporting a modest monthly gain in supply. Inventory levels reached 5,973 units, nearly two per cent higher than levels reported last April. Overall, the months of supply remained just below three, representing relatively balanced conditions. However, this ranged from just over two months for detached homes to over four months for apartment-style homes. 

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.