Calgary Real Estate Market Update
Current data on Calgary and area home prices, inventory, and trends, sourced from CREB® and CREA, updated regularly so you always have the full picture.
$569,200
Benchmark Price (−2.0% YoY)
40 Days
Avg. Days on Market
1,904
Homes Sold in July
3.5 mo.
Months of Supply: Balanced
Calgary Market Overview by Property Type
Calgary’s market is no longer moving as one unit. Detached and semi-detached homes remain in tight, balanced-to-seller territory, while row homes and especially apartment condos have shifted firmly toward buyers as new construction adds supply. Here is the July 2026 breakdown:
| Property Type | Benchmark Price | 1-Yr Change | Months of Supply | Condition |
|---|---|---|---|---|
| All Residential | $569,200 | −2.0% | 3.48 | Balanced |
| Detached | $743,900 | −1.9% | ~2.9 | Balanced / Seller-leaning |
| Semi-Detached | $691,000 | −0.3% | ~2.9 | Balanced / Seller-leaning |
| Row / Townhouse | $418,500 | −6.1% | ~3.9 | Balanced |
| Apartment Condo | $297,600 | −8.4% | ~4.9 | Buyer-leaning |
Source: CREB® July 2026 housing statistics.
Sales totaled 1,904 units in July, down 9.3% year-over-year, while new listings fell 15% to 3,323, keeping the sales-to-new-listings ratio around 57%. Inventory sits at 6,626 units, down 4.2% from last year. Homes sold at an average of 97.7% of list price, taking about 40 days to sell.
Surrounding Communities at a Glance
Calgary’s market trends don’t always mirror the surrounding towns. Here is how Airdrie, Cochrane, Chestermere, Okotoks, and High River compared in July 2026:
| Community | Detached Benchmark | 1-Yr Change | Months of Supply | Condition |
|---|---|---|---|---|
| Airdrie | $603,100 | −4.0% | <4 | Moving toward balanced |
| Cochrane | $659,400 | −4.0% | 4+ | Softening / balanced |
| Okotoks | $695,700 | −2.0% | ~2 | Seller-leaning |
| Chestermere | $771,900 | −5.0% | ~7 | Buyer’s market |
| High River | ~$516,000 avg. | Varies | N/A | Balancing |
Source: CREB® July 2026 regional market facts. High River reflects average sold price via aggregated MLS® data.
What's Driving the Market Right Now
- Construction supply: over 17,000 apartment-style units are currently under construction across Calgary, adding significant new supply choice and weighing on resale condo prices.
- Slower migration: a pullback in mostly international migration has eased demand pressure, particularly for higher-density homes, compared to the exceptionally strong years of 2022-2024.
- Bank of Canada policy: the overnight rate has held at 2.25% since mid-2026 (its sixth consecutive hold), keeping mortgage costs relatively stable but offering limited near-term relief.
- Energy sector and trade policy: Calgary's economy remains closely tied to oil and gas. US tariff uncertainty is a risk to employment and income growth, while firmer crude prices have offered some near-term support.
Analysis based on commentary from CREB® Chief Economist Ann-Marie Lurie and market data aggregated by WOWA.ca.