Calgary Real Estate Market Update
The latest on home prices, inventory and trends in Calgary and the surrounding area, using numbers from CREB® and CREA. I update this page regularly so you always have the full picture.
$566,700
Benchmark Price (−0.8% YoY)
49%
Sales-to-New Listings Ratio
1,650
Homes Sold in September
3.93 mo.
Months of Supply: Balanced
Calgary Market Overview by Property Type
Calgary’s market isn’t moving as one anymore. Detached homes are still somewhere between balanced and seller-leaning, and semi-detached homes are balanced. Row homes, and condos especially, have shifted toward buyers as new construction adds more supply. Here’s the September 2026 breakdown:
| Property Type | Benchmark Price | 1-Yr Change | Months of Supply | Condition |
|---|---|---|---|---|
| All Residential | $566,700 | −0.8% | 3.93 | Balanced |
| Detached | $739,400 | −1.0% | 3.31 | Balanced / Seller-leaning |
| Semi-Detached | $685,200 | +0.1% | 3.67 | Balanced |
| Row / Townhouse | $412,400 | −5.5% | 4.45 | Buyer-leaning |
| Apartment Condo | $291,400 | −8.3% | 5.29 | Buyer’s Market |
There were 1,650 sales in September, down 3.8% from a year ago. New listings dropped 11.3% to 3,354, which kept the sales-to-new-listings ratio around 49%. Inventory is at 6,486 units, down 6.3% from last year. Wondering what this means for your own move? Get a free home valuation or read my Buyer Guide.
Surrounding Communities at a Glance
The towns around Calgary don’t always follow the city’s trends. Here’s how Airdrie, Cochrane, Chestermere, Okotoks and High River compared in September 2026:
| Community | Detached Benchmark | 1-Yr Change | Months of Supply | Condition |
|---|---|---|---|---|
| Airdrie | $591,900 | −4.7% | 4.17 | Buyer-leaning |
| Cochrane | $657,600 | −2.5% | 5.19 | Buyer-leaning |
| Okotoks | $680,900 | −0.4% | 2.18 | Seller-leaning |
| Chestermere | $753,000 | −2.0% | 5.73 | Buyer-leaning |
| High River | $557,600 | −1.8% | 3.00 | Balanced |
Source: CREB® September 2026 Region Report, using CREB®’s City of Calgary and Calgary Region Monthly Statistics Packages.
What's Driving the Market Right Now
- New construction: over 17,000 apartment-style units are being built across Calgary right now. That’s a lot of new choice for buyers, and it’s keeping resale condo prices down.
- Slower migration: fewer people are moving here than in the busy years from 2022 to 2024, mostly because international migration has dropped off. That’s taken some pressure off, especially for condos and townhomes.
- Interest rates: the Bank of Canada has kept its overnight rate at 2.25% since October 2025. September 2, 2026 was the seventh hold in a row, and the next decision is October 28, 2026. Mortgage costs are steady, but don’t expect much relief soon.
- Oil, gas and trade: Calgary’s economy is still closely tied to energy. Uncertainty around US tariffs is a risk to jobs and incomes, while firmer oil prices have helped a bit in the short term.
Analysis based on commentary from CREB® Chief Economist Ann-Marie Lurie.
Common Questions About the Calgary Market
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Will Calgary home prices go up or down in 2026?
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