Calgary House Prices | What the Market Is Doing Right Now

Calgary house prices are down from last year, but the headline number doesn't tell the whole story.

The benchmark price for a Calgary residential property was $569,800 in August 2026, down 1.1% from August 2025. Sales also slowed considerably, falling 16.4% year-over-year, while months of supply increased to 3.92.

But here's what's important: Calgary isn't one real estate market right now.

Detached home prices are down only 1.1% from last year, while apartment condo prices have fallen 8.2%. Semi-detached homes actually increased 1.0%. And depending on which part of Calgary you're looking at, detached home supply ranges from just over two months to more than five months.

So if you're hearing that "Calgary house prices are falling," that's true — but it doesn't necessarily tell you what's happening to your home or the type of property you're looking to buy.

Here's what the August 2026 CREB® stats package shows, plus what I'm seeing after 35 years of selling Calgary real estate.

Calgary Housing Market — September 1, 2026 Snapshot

CREB® released the August numbers for the Calgary real estate market. Here are the headline figures straight from the stats package:

Metric	August 2026	Year-over-Year
Total Sales	1,660	▼ 16.4%
New Listings	3,141	▼ 9.7%
Inventory	6,509	▼ 2.3%
Months of Supply	3.92	▲ 16.9%
Days on Market	41	▲ 7.2%
Sales to List Price	97.53%	▼ 0.31%
Benchmark Price	$569,800	▼ 1.1%

Source: CREB®, August 2026

The first thing that stands out isn't actually the 1.1% decline in Calgary's benchmark price. It's slower sales and more time for buyers to make decisions.

There were 1,660 sales in August, down more than 16% from last year. Homes took an average of 41 days to sell, compared with 38 days a year ago, and the sales-to-new-listings ratio fell to 52.85%.

At the same time, Calgary had 3.92 months of supply.

That's a very different market from the extremely tight conditions we experienced when buyers were regularly competing against multiple offers simply because there weren't enough homes available.

But there's another interesting part of the August numbers: inventory actually declined 2.3% compared with August 2025.

So this isn't simply a story of a huge flood of new listings pushing prices down. Sales activity has slowed as well.

Calgary House Prices by Property Type — September 1, 2026

This is where the Calgary market gets particularly interesting.

Property Type	Benchmark Price	Year-over-Year	Months of Supply
Detached	$744,300	▼ 1.1%	3.39
Semi-Detached	$690,500	▲ 1.0%	3.30
Row / Townhouse	$415,200	▼ 5.4%	3.85
Apartment Condo	$295,400	▼ 8.2%	5.68

Those four numbers tell a much better story than Calgary's overall 1.1% price decline.

Detached Homes: Prices Are Holding Up Better Than You Might Think

The benchmark price for a detached Calgary home was $744,300 in August, down just 1.1% from $752,500 a year ago.

Detached sales were down 11.8% year-over-year, but inventory was also down 2.7%. Months of supply increased from 3.08 to 3.39.

That's a softer market, but I wouldn't characterize detached homes across Calgary as being in a major downturn.

In fact, detached conditions vary considerably depending on where you're looking.

• West Calgary — 2.34 months of supply, detached benchmark $992,500, up 2.8% year-over-year.
• Northwest Calgary — 2.62 months of supply, detached benchmark $781,500, down 1.3% year-over-year.
• Northeast Calgary — 5.36 months of supply, detached benchmark $560,500, down 6.4% year-over-year.

Families looking in West Calgary or Northwest Calgary are therefore dealing with a different market than buyers looking in some of Calgary's higher-supply areas.

That's why I'm always cautious when someone asks me:

"How much are Calgary house prices down?"

The better question is:

What is happening with homes like mine, in my neighbourhood and price range?

Semi-Detached Homes Are the Outlier

Here's a statistic that might surprise you.

Semi-detached homes were the only major property category to record a year-over-year increase in benchmark price in August.

The benchmark reached $690,500, up 1.0% from $683,800 last year.

Sales were down 18.5%, and months of supply rose to 3.30, so this isn't an especially hot market. But prices have proven more resilient than in the apartment and townhouse segments.

For buyers who want more space than a townhouse or condo but aren't quite ready for detached-home pricing, semi-detached homes continue to be an important part of Calgary's housing market.

Townhouses Are Feeling the Shift Too

Row homes and townhouses have also softened.

The August benchmark price was $415,200, down 5.4% year-over-year. Sales were down 16.2%, while months of supply increased to 3.85.

Townhouses remain an important part of Calgary's more affordable housing market, particularly for first-time buyers and families who don't want to move into an apartment condo.

But buyers have more choice today than they did during the peak of Calgary's recent seller's market.

Apartment Condos: This Is Where Buyers Have More Leverage

The apartment market tells a very different story.

Calgary's apartment benchmark price fell to $295,400 in August, down 8.2% from $321,700 a year earlier.

Sales were down almost 26%, while months of supply jumped from 4.41 to 5.68 months. Homes also took longer to sell, with days on market increasing from 47 to 52.

This is clearly a softer segment of Calgary's market.

And once again, location matters.

Apartment months of supply reached 7.58 in the City Centre and 9.69 in the Northeast, compared with 3.39 in West Calgary.

For condo buyers, that generally means more selection and less urgency than we saw during Calgary's hotter market.

If apartment condos are part of your search, take a look at what's currently available across Calgary.

For condo sellers, it means pricing and presentation have become much more important. Buyers have alternatives, and overpriced listings are easier to pass over.

Calgary House Prices by District — September 1, 2026

The differences become even more apparent when we look at where a property is located.

District	Benchmark Price	Year-over-Year
West	$719,200	▲ 1.6%
Northwest	$627,400	▼ 0.9%
City Centre	$580,000	▼ 1.1%
South	$573,500	▼ 1.2%
Southeast	$556,700	▼ 1.9%
North	$526,600	▼ 3.9%
Northeast	$464,200	▼ 6.5%
East	$398,600	▼ 3.5%

Source: CREB®, August 2026

West Calgary was actually up 1.6% year-over-year, while the Northeast was down 6.5%.

And property type adds another layer.

For detached homes, the City Centre benchmark was $995,700, West Calgary was $992,500, and Northwest Calgary was $781,500.

This is why I don't recommend using Calgary's citywide benchmark price to estimate the value of an individual home.

Property type + neighbourhood + price range + competing inventory matter far more.

For a deeper look at Calgary's different areas and communities, my Calgary neighbourhood guide covers the city in more detail.

Looking outside Calgary itself? My Calgary surrounding communities market update covers Cochrane, Okotoks, Airdrie and Chestermere.

Dean's Take: Calgary Isn't One Housing Market Anymore

If there's one thing I'd take away from the September numbers, it's this:

Don't make a real estate decision based solely on the Calgary headline.

I've been selling homes in Calgary for more than 35 years, and broad citywide statistics have always needed context. That's especially true in the current market.

A buyer looking for an apartment condo is entering a very different market from someone looking for a detached family home in Northwest or West Calgary.

Consider the difference:

• Apartment condos: 5.68 months of supply and prices down 8.2%.
• Detached homes: 3.39 months of supply and prices down 1.1%.

And even within detached homes, West Calgary had only 2.34 months of supply compared with 5.36 months in the Northeast.

Those aren't small differences.

They can completely change how I would approach an offer for a buyer — or how I would price and market a home for a seller.

What This Means if You're Buying a Home in Calgary

If you're buying in Calgary this fall, you generally have more breathing room than buyers had during the hottest part of the market.

But don't mistake that for every seller being desperate to negotiate.

Condo buyers: You currently have considerably more choice. With 5.68 months of supply and benchmark prices down 8.2% year-over-year, this is a segment where buyers may have more negotiating leverage.

Townhouse buyers: Conditions have also improved. Prices are down 5.4%, and inventory conditions aren't nearly as tight as they once were.

Detached buyers: Be more careful about assuming Calgary's softer market means every detached seller will accept a substantial discount. At 3.39 months of supply citywide — and considerably less in some districts — desirable detached homes can still face relatively limited competition from other listings.

My advice is simple: negotiate based on the specific property, not the Calgary headline.

For families relocating from Ontario or BC, my Calgary vs Toronto comparison and Calgary cost of living breakdown are worth reading before you commit to a neighbourhood.

What This Means if You're Selling a Home in Calgary

The days when sellers could simply put a home on the market and expect buyers to compete for it are no longer the reality across every segment.

August homes sold for an average of 97.53% of list price, and the average property took 41 days to sell.

That makes your initial pricing strategy more important.

If you're selling an apartment or townhouse, you're competing against a larger selection of properties and buyers have more opportunity to compare.

If you're selling a desirable detached home in a lower-inventory part of Calgary, your position may be considerably stronger.

This is where sellers can make a costly mistake by reading that "Calgary prices are down" and assuming they need to dramatically discount their home.

The opposite mistake is just as dangerous: pricing based on what your neighbour received during a much tighter market.

Today's value is determined by today's competition.

Before setting a price, I want to know what's listed against you, what's actually selling, how long it's taking and what's happening within your particular price range.

Want a straight answer on what your home is worth in today's market? Get your free Calgary home evaluation here.

Are Calgary House Prices Going Down?

Yes — Calgary's overall residential benchmark price is currently lower than it was a year ago.

The August 2026 benchmark price was $569,800, compared with $576,000 in August 2025, a decline of 1.1%.

But that's only the citywide number.

Semi-detached prices increased 1.0%, detached homes declined just 1.1%, townhouses fell 5.4%, and apartment condos fell 8.2%.

So whether prices are "going down" depends heavily on what kind of Calgary real estate you're talking about.

Frequently Asked Questions About Calgary House Prices

What is the benchmark price for a home in Calgary in September 2026?

The total residential benchmark price in Calgary based on August 2026 sales is $569,800, according to CREB®. That's down 1.1% from August 2025. Detached homes benchmark at $744,300, semi-detached at $690,500, row/townhouses at $415,200, and apartment condos at $295,400.

Is Calgary a buyer's or seller's market right now?

It depends heavily on property type and district. Calgary overall had 3.92 months of supply in August 2026, which points to a much more balanced market than we experienced during Calgary's recent seller's market. Apartment condos had 5.68 months of supply, compared with 3.39 months for detached homes.

Why are Calgary condo prices falling?

Calgary's apartment market currently has considerably more supply relative to sales than the detached market. Apartment sales fell 25.8% year-over-year in August, while months of supply increased to 5.68. The apartment benchmark price was $295,400, down 8.2% from last year.

Are detached home prices falling in Calgary?

Slightly. The Calgary detached benchmark price was down 1.1% year-over-year in August 2026. But conditions vary significantly by district. West and Northwest Calgary had less than three months of detached supply, while the Northeast had more than five months.

Are Calgary homes taking longer to sell?

Yes. The average Calgary home spent 41 days on market in August 2026, compared with 38 days in August 2025.

Which Calgary property type is holding its value best?

Semi-detached homes were the strongest major property category in August 2026, with the benchmark price increasing 1.0% year-over-year to $690,500. Detached homes were down just 1.1%, while row homes declined 5.4% and apartment condos declined 8.2%.

Will Calgary house prices continue to fall in 2026?

No one can reliably predict exactly where Calgary house prices will go next. What the August data does show is that conditions differ substantially by property type and location. Apartments and townhouses are experiencing greater downward price pressure than detached and semi-detached homes.

Rather than trying to predict the entire Calgary market, I recommend watching inventory, months of supply, sales activity and benchmark prices within the specific property type and neighbourhood you're interested in.

Ready to Find Your Calgary and Area Neighbourhood?

I've been helping families find a home they love in Calgary and surrounding towns for 35 years. I grew up here, raised five kids here, and I've got eight grandkids now who love Calgary life.

I've worked through hot seller's markets, buyer's markets, recessions, booms and just about everything in between.

The numbers are important. Understanding what those numbers mean for your particular home is even more important.

If you're thinking about buying, selling, or just figuring out what your home is worth in this market, let's talk.

Book a free 30-minute call with Dean and let's figure out your next move.

— Dean Martin, REALTOR®
Calgary, Alberta

Market statistics are based on CREB® City of Calgary August 2026 data. Real estate conditions vary by property type, price range and community.