Good morning, Calgary.

Summer is officially here, and the market is shifting gears. Today we are looking at a fast-approaching deadline that catches too many homeowners off guard. Here’s what we’re covering today:

Let’s get into it. 🚀

- Nathaniel and Graham

What This Means: The summer slowdown is starting to show its teeth. Sales dropped nearly 10% this week, and the average price softened to just under $657,000. With active and vacant listings climbing again, buyers are getting exactly what they have been asking for: time and options.

Sellers need to pay close attention to that "sold at or above list" metric. Only 18.2% of homes managed to command asking price or higher, down from over 21% last week. If you are listing now, pricing properly is not just a strategy. It is a requirement.

If you own a home in Calgary, Tuesday, June 30, is a date you need circled in red. That is the deadline to pay your 2026 property taxes. If you miss it, the City tacks on a 7% late payment penalty starting July 1.

We bring this up because every year, people get caught. Between summer vacations, school wrapping up, and general inbox fatigue, that mailed notice from May easily slips to the bottom of the pile.

The math is worth understanding. When you pay that bill, roughly 58% stays with the City of Calgary to fund services, police, and infrastructure. The remaining 42% is the provincial education tax. But the real insight here is not just knowing where the money goes. It is how you pay it.

If you are currently paying a lump sum every June, you are taking on unnecessary risk. The smartest move you can make before Tuesday is signing up for the Tax Instalment Payment Plan (TIPP).

TIPP breaks your annual bill into 12 smaller monthly withdrawals. It costs exactly the same as paying upfront, but it makes household budgeting infinitely easier and completely removes the risk of a late penalty. Once you are enrolled, the City simply rolls you over each year and adjusts your monthly instalment automatically when your assessment changes.

You can enrol online at calgary.ca/TIPP, but you must complete the setup by the June 30 deadline.

If you are holding multiple investment properties or just trying to manage cash flow through a tight summer, taking ten minutes to switch to monthly payments is the easiest win of the week.

This 4,727-square-foot estate in Auburn Bay is not just near the water. It is one of only 10 properties officially designated as First Lake Access.

Built in 2006, the home sits on one of the community's largest pie lots at the end of a quiet double cul-de-sac. The standout feature is the 20-foot beamed and vaulted ceiling framing expansive views of the lake and sky. You get a gourmet Legacy Kitchen with double wall ovens, a walkout basement with a dedicated home gym and wet bar, and a south-facing backyard. The best part? It is twenty steps to a semi-private dock shared with only 14 homes.

📉 Average rents are sliding. The latest national rental report shows the average asking rent across Canada fell 4.7% year-over-year to $2,029 in May. Read the report here.

🏘️ Growth plans face new hurdles. Following the repeal of blanket rezoning, adding middle housing like rowhouses in established areas will require council approval, adding months to the timeline. Read the National Observer piece.

🗺️ Shaping the North Central. The City recently wrapped engagement on the North Central Area Structure Plan, which will guide future development for over 2,500 acres of Calgary. Review the plan details.

If you found this helpful, forward it to a friend or neighbour.

Have a Calgary real estate question? Reply to this email and ask us.

See you next week,

Nathaniel and Graham | YYC Housing Pulse Team

Terryberry Real Estate Group