The Calgary Real Estate Board (CREB) says 1,904 homes were sold in July. According to CREB, the benchmark price for a residential home in the city was $569,200 in July, down slightly over June and two per cent lower than levels reported in July 2025. “Several consecutive years of high construction levels and the sudden drop in mostly international migration have contributed to the shift in housing market conditions mostly for higher-density homes, a transition that started in the second half of last year,” said Ann-Marie Lurie, CREB’s chief economist. “While new home construction is slowing, there are over 17,000 apartment-style units under construction. This continues to weigh on rental and higher-density properties, driving price adjustments.” The benchmark price of an apartment sat at $297,600 last month, down more than eight per cent from last year. The benchmark price for a row home was $418,500, down six per cent year-over-year. The benchmark price of a detached home was $743,900, while a semi-detached was $691,000. Looking to purchase a lavish new home? Here are the city’s five most expensive residential homes for sale as of Aug 4, according to Realtor.ca: $10.8M mansion on Crescent Road Calgary’s most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city’s northwest. The 8,700-square-foot home was built in 2022 by Maillot Homes and features six bedrooms (four above grade and two below), 10 bathrooms and three half-baths. The home is on Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city’s downtown skyline. The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland. The 2.5-storey home is located at 732 Crescent Road N.W. and has annual property taxes of $49,380.61. It has been listed on Realtor.ca for 445 days. $9.3M manor in Aspen Woods Built in 2006, this Aspen Woods home is 6,438 square feet and sits on a landscaped 36,155-square-foot lot. “The property offers a rare combination of scale, craftsmanship, privacy and location,” states the listing. “Constructed to an uncompromising commercial standard seldom seen in residential properties today, the residence was designed to evoke timeless old-world elegance while seamlessly incorporating modern luxury and convenience.” The home has six bedrooms (three above ground and three below) and nine bathrooms – including two half-baths. It has an Irish pub-inspired bar, media room, hot tub sunroom and an elevator servicing all levels The backyard includes more than 1,200 square feet of patio space designed for grand-scale entertaining. There’s also a separate 1,000-square-foot carriage house above the two-level, seven-car garage, connected to the main residence by an enclosed galleria. “Ideally suited for a caregiver, extended family accommodation, private guest quarters or a dedicated house manager’s residence,” says the listing. The two-storey home is located at 6 Aspen Ridge Lane S.W. and has annual property taxes of $30,777.89 It has been listed on Realtor.ca for 64 days $6.9M Eagle Ridge bungalow This gated home in Eagle Ridge sits on a sprawling double lot. Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms. “Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,” states the listing. “The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.” The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances. “Whether you’re hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.” The bungalow is located at 40 Eagle Ridge Pl. S.W. and has annual property taxes of $31,148. It has been listed on Realtor.ca for 314 days. $6.9M Montreal House in Upper Mount Royal Built in 2015 by Calgary architect Jeremy Sturgess, “Montreal House” sits in the community of Lower Mount Royal. The 3,998-square-foot mansion has five bedrooms – three of which are above grade – and four full bathrooms plus a half bath. Outside, the home has 18 cantilevered beams to shade the west-facing yard from the sun. “Every detail has been thoughtfully considered to maximize privacy, natural light and the relationship between the home and its surroundings,” states the listing. The two-storey home is located at 1308 Montreal Ave. S.W. and has annual property taxes of $33,183. The home has been listed on Realtor.ca for 39 days. $6M Mansion in Montgomery Built in 2022, this 6,597-square-foot Montgomery mansion backs onto the Bow River. It has seven total bedrooms – including five above grade – and nine total bathrooms – including one partial bathroom. “With a walkout basement, a heated quadruple garage, an elevator servicing all three floors and uninterrupted river views from the main living areas, backyard and primary suite, this home perfectly blends tranquility with luxury,” the listing states. Additional highlights include driveway stone engineered for heavy-duty vehicles, gemstone lighting, a 50-year rubber roof and 50 solar panels. The two-storey home is located at 1911 52 St. N.W. and has annual property taxes of $27,796. The home has been listed on Realtor.ca for 45 days.
