Calgary House Prices | What the Market Is Doing Right Now
Calgary House Prices | What the Market Is Doing Right Now
October 1, 2026 Calgary Real Estate Market Update
October 2026 | By Dean Martin, REALTOR® – Real Broker
Is Calgary currently a buyer's market or a seller's market?
The answer depends on the type of property you're buying or selling and where it's located.
Calgary's real estate market continued to show signs of stability in September 2026, with 1,650 residential sales, nearly 4% fewer than September 2025.
While sales typically slow as we move into the fall, stronger detached home activity helped keep September sales relatively steady compared to August.
At the same time, new listings increased, giving buyers more properties to choose from.
According to the Calgary Real Estate Board (CREB®), overall inventory remained relatively stable at 6,486 homes, with just under four months of supply.
However, looking at Calgary's overall numbers doesn't tell the complete story.
Detached homes continue to experience relatively balanced conditions, while townhouses and apartment condominiums face more competition from increased supply, particularly newly constructed homes.
Calgary Real Estate Market Snapshot – October 2026
| Market Indicator | September 2026 |
|---|---|
| Total Residential Sales | 1,650 |
| New Listings | 3,354 |
| Active Listings | 6,486 |
| Months of Supply | 3.93 |
| Sales-to-New-Listings Ratio | 49.2% |
| Residential Benchmark Price | $566,700 |
| Year-over-Year Price Change | -0.8% |
| Average Days on Market | 44 |
Calgary's residential benchmark price was $566,700 in September, approximately 0.8% lower than a year ago.
Although prices declined compared with August, CREB® reports that much of the month-to-month adjustment reflects normal seasonal patterns.
When seasonally adjusted, overall residential prices remained relatively stable compared with August.
Four Property Types, Four Different Markets
One of the biggest takeaways from September's report is how differently Calgary's four major property types are performing.
| Property Type | Benchmark Price | Annual Change | Months Supply |
|---|---|---|---|
| Detached | $739,400 | -1.0% | 3.31 |
| Semi-Detached | $685,200 | +0.1% | 3.67 |
| Townhouse / Row | $412,400 | -5.5% | 4.45 |
| Apartment Condo | $291,400 | -8.3% | 5.29 |
Detached Homes: Sales Improve and Conditions Remain Balanced
Detached homes were one of the stronger-performing segments of Calgary's housing market in September.
There were 896 detached home sales, an increase of more than 4% compared with September 2025.
With a sales-to-new-listings ratio of approximately 52% and 3.31 months of supply, conditions remained relatively balanced.
The benchmark price was $739,400, approximately 1% below September 2025.
However, conditions varied considerably across Calgary. The North West, West and South districts had less than three months of supply, while the North East had approximately 5.6 months.
Much of the overall detached home price decline was driven by the North East, while detached prices were actually higher than last year in the City Centre and West districts.
What this means: If you're selling a detached home, your neighbourhood matters just as much as the overall Calgary market. Some areas remain competitive, while others offer buyers more negotiating power.
Semi-Detached Homes: Prices Remain Relatively Stable
Calgary's semi-detached market recorded 163 sales in September, approximately 5% more than a year earlier.
Despite this improvement, year-to-date sales remained about 2% below 2025 levels.
New listings increased compared with August, pushing the sales-to-new-listings ratio down to approximately 45% and months of supply up to 3.67.
The benchmark price was $685,200, virtually unchanged from September 2025.
While inventory has increased, it's still too early to determine whether this shift will continue through the final quarter of the year.
What this means: Semi-detached homes remain relatively stable overall. Buyers may find more selection, while sellers should pay attention to increasing competition.
Townhouses: More Competition Creates Buying Opportunities
Calgary's townhouse market continues to experience pressure from increased supply.
September recorded 248 sales, down approximately 18% compared with last year.
Months of supply increased to 4.45, while the benchmark price declined to $412,400, approximately 5.5% lower than September 2025.
One of the challenges for resale townhouse sellers is competition from newly constructed properties. With the price difference between new and resale townhouses relatively narrow, buyers have more options.
Price declines have occurred across all Calgary districts, but the North East and East experienced the largest declines, exceeding 11%. The North West experienced a much smaller decline of approximately 2%.
What this means: Buyers may have opportunities to negotiate on townhouses. Sellers need to understand both their resale competition and the new construction available nearby.
Apartment Condominiums: Buyers Have the Advantage
Calgary's apartment condominium market remains the most challenging segment for sellers.
There were 343 apartment sales in September, approximately 14% fewer than a year earlier.
With 717 new listings and 5.29 months of supply, buyers continue to have a wide selection of properties.
The benchmark price declined to $291,400, down approximately 8.3% compared with September 2025.
Unlike the overall residential market, apartment prices continued to decline even after accounting for normal seasonal patterns.
Much of the pressure is coming from the additional supply of apartment-style homes created during Calgary's recent construction boom.
What this means: Apartment buyers have more selection and potentially more negotiating power. Condo sellers need to be especially careful with pricing and understand the competition within their building and neighbourhood.
Why Is Calgary's Housing Market Changing?
One of the main reasons Calgary's housing market is experiencing such different conditions between property types is the amount and type of new construction completed over the past several years.
According to CREB® Chief Economist Ann-Marie Lurie, Calgary's construction boom has been concentrated largely in higher-density housing, particularly apartments and townhouses.
That additional supply is now competing with existing resale properties.
Detached homes haven't experienced the same level of construction growth, helping keep supply and demand more balanced.
At the same time, Calgary's employment market and continued, although slower, population growth have helped support housing demand.
Dean's Take: What I'm Seeing in Calgary's Real Estate Market
After more than 35 years selling real estate in Calgary, one thing I've learned is that you can't paint the entire housing market with the same brush.
Right now, buyers are definitely more cautious. They're taking their time, comparing properties, and being more selective about what they're willing to pay.
But that doesn't mean buyers aren't purchasing homes.
Interestingly, we're still seeing relatively strong activity in the higher-end detached home market, particularly properties priced above $2 million.
Many of these buyers recognize Calgary's long-term potential. They see a growing city with a strong future and view Calgary real estate as a good long-term investment.
At the same time, the attached home market has softened, and apartment condominiums are experiencing an oversupply of listings.
For buyers, this is creating some interesting opportunities, especially if you're considering a townhouse or apartment condo. There's more selection, less competition, and potentially more room to negotiate than we've seen in recent years.
For sellers, it's important to recognize that buyers are approaching the market differently today. Pricing your home correctly and understanding your competition are more important than ever.
My biggest takeaway? Calgary isn't one real estate market. It's several different markets, and knowing which one you're buying or selling in can make a big difference.
What Does This Mean for Calgary Home Sellers?
If you're considering selling your home this fall, understanding the market for your specific property is more important than ever.
- Know your competition. Look at active listings, recent sales, and how long comparable homes have been on the market.
- Price for today's market. What a similar property sold for last year may no longer reflect current buyer expectations.
- Make your home stand out. Professional photography, presentation, and strong online marketing can make a significant difference.
If you're wondering what your home might sell for, visit my Calgary real estate website and reach out for a personalized home evaluation.
What Does This Mean for Calgary Home Buyers?
For Calgary home buyers, the changing market is creating opportunities.
More inventory generally means more selection and potentially more negotiating power.
However, don't assume every property is experiencing the same conditions.
A well-priced detached home in a popular family neighbourhood may still attract considerable interest, while a townhouse or apartment condominium may offer more flexibility.
You can explore current listings through my Calgary home search.
Thinking About Upsizing Your Calgary Home?
If you're a Calgary homeowner considering moving into a larger property, the current market deserves a closer look.
Perhaps you've outgrown your townhouse, need another bedroom, or want a larger backyard for your family.
Before making a move, it's important to understand how the market is affecting both your current home and the property you want to purchase.
For example, townhouse benchmark prices have declined approximately 5.5% over the past year, compared with just 1% for detached homes.
However, benchmark prices alone don't determine whether upsizing makes financial sense.
You'll also need to consider your mortgage balance, available equity, financing qualifications, and the price difference between your current and next home.
The key isn't simply whether Calgary home prices are rising or falling. It's understanding your complete buying and selling picture.
Frequently Asked Questions About Calgary Real Estate
Are Calgary house prices going down?
Calgary's overall residential benchmark price was approximately 0.8% lower than September 2025. However, price changes vary considerably by property type, with larger declines in townhouses and apartment condominiums.
Is Calgary a buyer's market?
Calgary's overall market is relatively balanced, but apartment condominiums are experiencing buyer-favouring conditions. Detached home conditions vary significantly by neighbourhood.
What is the average home price in Calgary?
The average residential sale price in September 2026 was approximately $646,198, while the benchmark price was $566,700. The benchmark price is generally more useful for tracking changes in the value of a typical home.
Are Calgary condo prices dropping?
Yes. Apartment condominium benchmark prices declined approximately 8.3% year over year to $291,400 in September 2026.
Is now a good time to buy a home in Calgary?
Increased inventory and softer prices are creating opportunities for some buyers, especially in the townhouse and apartment markets. The right decision depends on your financing, property type, and long-term plans.
Should I sell my Calgary home before buying another?
That depends on your financial circumstances and your ability to carry two properties. For many homeowners, selling first is the more manageable approach. A coordinated buying and selling strategy can help reduce uncertainty.
Let's Talk About Your Calgary Real Estate Plans
Every home and every neighbourhood is different.
Whether you're thinking about selling, buying your first home, or moving up to a larger property, understanding your specific market is the best place to start.
I've been helping Calgary families buy and sell homes for more than 35 years, and I'd be happy to help you understand your options.
Give me a call, send me a text, or reach out by email. Let's talk about your plans and what today's Calgary real estate market means for you.
Dean Martin
REALTOR® | Real Broker
Helping Families Find Their Calgary Neighbourhood for 35 Years.
Visit CalgaryPropertySearch.com
Source: Calgary Real Estate Board (CREB®), September 2026 Monthly Statistics Package, released October 1, 2026. Statistics reflect the City of Calgary unless otherwise indicated.
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