Calgary’s housing market shows signs of easing as supply grows

Calgary's housing market is shifting from an "extreme" sellers' market as supply increases. The Calgary Real Estate Board reports that inventory reached 4,487 units in August, up 37% from last year but still below long-term trends. Sales declined by 20% year-over-year, primarily for homes under $600,000, with 2,186 transactions recorded. The residential benchmark price was $601,800, a 6% increase from last year but slightly lower than the previous month. Supply levels remain low, particularly for affordable properties.