Detached Home Sales Improve While Higher-Density Homes Remain Under Pressure

Calgary’s housing market held relatively steady in September, but the divide between property types continued to widen. Detached home sales improved compared to both August and last year, while elevated supply continued to create buyer-friendly conditions for row homes and apartment condominiums.

September recorded 1,650 home sales, nearly unchanged from August and approximately 4% lower than September 2025. Unlike the typical seasonal slowdown from August to September, stronger detached activity helped keep overall sales stable.

New listings increased from August, pushing the sales-to-new-listings ratio down to 49%. Inventory remained relatively stable, while the overall months of supply stayed just under four months.

The total residential benchmark price was $566,700, nearly 1% lower than last year. However, most of the price pressure continues to come from higher-density housing rather than detached and semi-detached homes.

Overall Market Trends

Calgary continues to be a highly segmented market.

Detached homes remain relatively balanced, supported by stronger September sales and more limited supply growth. Semi-detached properties are also generally balanced, although inventory increased during the month.

Row homes and apartment condominiums tell a different story. Significant construction over the past several years has added considerably more supply to these segments, while buyers also have increased options in the rental and new-home markets.

That difference in supply is increasingly reflected in prices:

• Detached: Down approximately 1% year-over-year

• Semi-detached: Similar to last year

• Row: Down nearly 6%

• Apartment condominium: Down more than 8%

Some month-over-month price declines are also typical as Calgary enters the fall market, but apartment prices continued to decline even after accounting for seasonal trends.

Detached Homes

Detached homes were the bright spot in September.

• Sales: 896

• Year-over-Year Sales: Up more than 4%

• Sales-to-New-Listings Ratio: 52%

• Months of Supply: Just over 3 months

• Benchmark Price: Approximately 1% lower year-over-year

More new listings gave buyers additional options and helped support stronger sales without creating significant oversupply.

Conditions still vary considerably across Calgary. The North West, West and South districts remain below three months of supply, while the North East is approaching six months.

Pricing reflects these differences. Detached values remain higher than last year in the City Centre and West, while the oversupplied North East continues to experience the most significant price declines.

Semi-Detached Homes

Semi-detached homes remain relatively stable, although September brought some signs of softer conditions.

• Year-to-Date Sales: 1,678

• Year-over-Year YTD Sales: Down 2%

• Sales-to-New-Listings Ratio: 45%

• Months of Supply: Nearly 4 months

• Benchmark Price: $685,200

The increase in September listings contributed to higher inventory and pushed months of supply closer to four months.

This is a noticeable change from the tighter conditions seen throughout much of 2026, but one month is not enough to establish a new trend.

Despite the additional supply, benchmark prices remain comparable to September 2025.

Row Homes

Row homes continued to move further into buyer-friendly territory in September.

• Sales-to-New-Listings Ratio: 45%

• Months of Supply: Over 4 months

• Benchmark Price: $412,400

• Year-over-Year: Down nearly 6%

Higher inventory combined with increased competition from newly built properties is putting pressure on the resale market.

Price declines have occurred across every Calgary district, although the size of the adjustment varies significantly. The North East and East districts have experienced declines of more than 11%, while the North West has seen a much smaller adjustment of approximately 2%.

Apartment Condominiums

Apartment condominiums remain the most buyer-friendly segment of Calgary’s housing market.

September sales improved from August, but supply remains high relative to demand.

• Sales: 343

• New Listings: 717

• Sales-to-New-Listings Ratio: 48%

• Months of Supply: Just over 5 months

• Benchmark Price: $291,400

• Year-over-Year: Down more than 8%

The improvement in sales helped prevent another increase in months of supply, but it was not enough to shift the market back toward balance.

Unlike some of the seasonal price adjustments seen elsewhere in September, seasonally adjusted apartment prices continued to decline, showing that oversupply remains a meaningful factor for this segment.

Regional Market Highlights

Airdrie

Airdrie continued to experience softer conditions as buyers gained more options from new construction and competing markets.

Sales are down 13% year-to-date, while months of supply increased to approximately four months.

The benchmark residential price was $505,800, nearly 4% lower than last year, with larger declines occurring among higher-density properties.

Cochrane

Cochrane has continued to record stronger sales than last year, with year-to-date activity up nearly 6%.

However, September brought a significant increase in listings. The sales-to-new-listings ratio fell to 42%, while months of supply increased to approximately five months.

Despite the increase in supply, prices improved from August and remain similar to last year.

Okotoks

Okotoks continues to have some of the tightest conditions among Calgary’s surrounding communities.

With 122 homes in inventory and 56 sales, the market had just over two months of supply in September.

The benchmark residential price was $606,800, essentially unchanged from September 2025 and approximately 1% lower year-to-date.

Chestermere

Chestermere saw an improvement from August as stronger sales helped reduce inventory and bring months of supply back below six months.

New construction and competing supply from surrounding markets continue to influence resale conditions.

The benchmark residential price was $690,200, lower than August but similar to September 2025.

Market Outlook

September highlights just how important it is to look beyond Calgary’s overall market statistics.

Detached homes are showing resilience, with September sales actually improving from last year and balanced conditions continuing across much of the city. Semi-detached homes also remain relatively stable, although rising inventory will be worth watching through the final quarter of 2026.

The biggest opportunities for buyers remain in row homes and apartment condominiums, where higher supply has created more selection, less urgency and greater negotiating power.

For sellers, pricing strategy is becoming increasingly dependent on property type and location. A detached home in the West or North West can face very different market conditions than a condo or row home in an area with significant competing inventory.

As we move through the fall market, understanding the conditions within your specific neighbourhood and property type will be far more useful than relying on Calgary-wide averages alone.

Sales and New Listings Slow as Market Conditions Vary by Property Type

Calgary’s housing market continued to slow in August, with both sales and new listings declining compared to last year. However, conditions remain highly dependent on property type, location, and price range.

Calgary recorded 1,660 home sales in August, down 16% year-over-year, while 3,141 new listings came onto the market, nearly 10% lower than last year.

Interestingly, the slowdown has not affected every price range equally. Homes priced above $1 million recorded stronger sales compared to last year, primarily within the detached and semi-detached segments. At the lower end of the market, favourable rental conditions appear to be reducing some of the urgency for renters to transition into homeownership.

Inventory declined to 6,509 units, lower than both July and August 2025. However, because sales slowed more significantly, the overall months of supply increased to nearly four months.

The result is a market that looks relatively balanced overall, but tells a very different story depending on what type of property you are buying or selling.

Overall Market Trends

The total residential benchmark price was $569,800 in August, relatively unchanged from July and approximately 1% lower than last year.

The biggest difference continues to be between lower-density and higher-density housing.

Detached and semi-detached homes remain relatively balanced, helping keep prices stable. Row homes are experiencing softer conditions, while apartment condominiums continue to face significant oversupply.

Current conditions range from just over three months of supply for detached homes to nearly six months for apartment condominiums.

Detached Homes

Detached homes remained relatively balanced in August despite slower sales.

• Sales: 875

• New Listings: 1,635

• Months of Supply: Over 3 months

• Benchmark Price: $744,300

• Year-over-Year: Down approximately 1%

Conditions vary considerably across Calgary. The North West, West, South, and South East remain below three months of supply, while the North and North East have more than four months.

These differences are also showing up in prices. The West and City Centre recorded year-over-year gains of more than 2%, while the North East experienced the largest decline at more than 6%.

Semi-Detached Homes

Semi-detached properties also remained relatively stable.

• Year-to-Date Sales: 1,516

• Sales-to-New-Listings Ratio: 56%

• Months of Supply: Over 3 months

• Benchmark Price: $690,500

• Year-over-Year: Up nearly 1%

Although supply increased relative to demand, conditions remain relatively balanced. Price gains in the City Centre, North West, and West helped offset declines elsewhere in Calgary.

Of the major property types, semi-detached homes continue to show some of the strongest price stability in 2026.

Row Homes

Row homes continue to experience softer market conditions as buyers benefit from more options in both the resale and new-home markets.

• Year-to-Date Sales: Down 15%

• Months of Supply: Approximately 4 months

• Benchmark Price: $415,200

• Year-over-Year: Down 5%

Prices have declined across every district, although the size of the adjustment varies significantly.

The North East experienced the steepest decline at more than 12%, while the North West saw a much smaller adjustment of just over 1%.

With inventory remaining elevated relative to demand, sellers in this segment are facing increased competition.

Apartment Condominiums

Apartment condominiums continue to experience the greatest supply pressure in Calgary.

• Year-to-Date Sales: Down 26%

• Months of Supply: Nearly 6 months

• Benchmark Price: $295,400

• Year-over-Year: Down 8%

More rental availability is reducing ownership demand from both first-time buyers and investors. Although new listings have also declined, the reduction has not been enough to bring the market back into balance.

Apartment prices peaked at $341,300 in August 2024 and are now nearly 13% below that peak.

For buyers, the elevated supply means more selection and potentially greater negotiating power. Condo sellers, meanwhile, are competing in one of the most buyer-friendly segments of Calgary’s current housing market.

Regional Market Highlights

Airdrie

Inventory remains elevated compared to historical trends, although fewer new listings have helped prevent further inventory growth.

• Benchmark Price: $508,800

• Month-over-Month: Down 1%

• Year-over-Year: Down over 4%

Higher-density properties are experiencing some of the largest price adjustments.

Cochrane

Cochrane saw improved sales in August, helping bring supply back down to just over three months.

Despite stronger activity, prices continued to soften and the total residential benchmark price was approximately 2% lower than last year.

Okotoks

Okotoks continues to experience tighter supply than Calgary and many surrounding communities.

With a sales-to-new-listings ratio of 81% and just over two months of supply, inventory remains relatively limited.

• Benchmark Price: $608,400

• Year-over-Year: Down nearly 2%

Chestermere

Chestermere stands out for significantly higher supply.

The sales-to-new-listings ratio fell below 30%, while months of supply climbed to approximately nine months. These buyer-favouring conditions continue to place downward pressure on prices, which are now more than 1% below last year.

Market Outlook

August reinforces a trend that has developed throughout 2026: there is no single Calgary housing market right now.

Detached and semi-detached homes remain relatively balanced, with some districts continuing to show strong price stability. Row homes are experiencing more competition, while apartment condominiums remain firmly in buyer’s market territory due to elevated supply.

At the same time, stronger activity for properties priced above $1 million shows that demand has not weakened equally across every segment.

For buyers, particularly those considering condos and row homes, increased selection may provide more negotiating opportunities. For sellers, understanding the conditions for your specific property type, price range, and neighbourhood is increasingly important when determining pricing and marketing strategy.

Price Declines Continue to Be Driven by Apartment Condominiums

Calgary's housing market remained relatively balanced in July, but the divide between low-density and high-density housing continued to grow. While detached and semi-detached homes maintained stable market conditions, apartment condominiums remained firmly in buyer's market territory as elevated supply continued to pressure prices.

As expected, market activity slowed heading into the second half of the year. Calgary recorded 1,904 home sales in July, down 9% from last year, while 3,323 new listings entered the market, a 15% decline year-over-year. Despite fewer listings, the sales-to-new-listings ratio held steady at 57%, helping keep overall market conditions balanced.

According to CREB® Chief Economist Ann-Marie Lurie, several years of record-high apartment construction combined with a sharp slowdown in international migration have significantly shifted market conditions for higher-density housing. While new home construction has slowed, more than 17,000 apartment units remain under construction, continuing to add supply to both the rental and resale markets.

Overall resale inventory has remained relatively stable compared to last year, but slower sales pushed the months of supply to 3.5 months. Detached and semi-detached homes remain balanced, while apartment condominiums continue to favour buyers and row homes are beginning to show signs of oversupply.

Overall Market Trends

The total residential benchmark price was $569,200 in July, down slightly from June and 2% lower than July 2025.

Price performance continues to vary significantly by property type:

• Detached homes: Down less than 2% year-over-year

• Semi-detached homes: Essentially unchanged from last year

• Row homes: Down 6% year-over-year

• Apartment condominiums: Down more than 8% year-over-year

While detached prices have softened modestly in some districts, apartment condominiums continue to bear the brunt of rising supply and softer demand.

Detached Homes

Detached homes remained one of the healthiest segments of Calgary's market despite slower summer activity.

• Sales: 1,012

• New Listings: 1,707

• Months of Supply: Nearly 3 months

• Benchmark Price: $743,900

Although sales declined slightly compared to last year, fewer new listings also helped limit inventory growth. Conditions remain balanced across the city, though local markets tell different stories.

The West District continues to experience seller-favouring conditions with less than two months of supply and nearly 4% annual price growth, while the North East has more than five months of supply and price declines approaching 6%.

Competition from newly built homes is also putting pressure on recently constructed resale properties in some communities.

Semi-Detached Homes

The semi-detached segment continues to demonstrate remarkable stability.

• Benchmark Price: $691,000

• Months of Supply: Under 3 months

Sales remained similar to last year despite the seasonal slowdown, while inventory continues to support balanced market conditions.

Price trends vary across the city. The West District was the only area to post year-over-year price growth, while the North East continued to soften as buyer's market conditions emerged.

Row Homes

Row homes continue to transition toward a softer market.

• Months of Supply: Nearly 4 months

• Benchmark Price: $418,500

Sales have now declined for three consecutive months, contributing to a 15% year-to-date decrease compared to last year.

Although inventory has been gradually declining, it remains elevated relative to historical levels. Increased competition from newly built townhomes continues to place pressure on resale pricing.

Year-over-year price declines range from approximately 3% in the West to 12% in the North East and East districts.

Apartment Condominiums

Apartment condominiums remain the weakest segment of Calgary's housing market.

• Sales: Down 26% year-to-date

• Inventory: 1,999 units

• Months of Supply: Nearly 5 months

• Benchmark Price: $297,600

Although new listings have moderated compared to last year, inventory remains well above long-term averages. Combined with softer demand, buyer's market conditions have persisted since spring 2025.

Benchmark prices are now over 8% lower than last year and 13% below the market peak reached in 2024.

Every district has experienced meaningful price declines, reflecting continued oversupply across Calgary's condo market.

Regional Market Highlights

Airdrie

Sales continue to soften while inventory remains elevated. Although conditions have become more balanced, increased competition from Calgary and new-home construction continues to weigh on resale values.

• Detached Benchmark Price: $603,100

• Year-over-Year: Down 4%

Cochrane

Inventory has increased throughout 2026, particularly in higher-density housing. Market conditions have shifted toward balance, with over four months of supply beginning to place downward pressure on resale prices.

• Detached Benchmark Price: $659,400

• Year-over-Year: Down nearly 4%

Okotoks

Inventory remains below long-term averages despite modest improvements. However, competition from new communities in south Calgary continues to affect resale pricing.

• Detached Benchmark Price: $695,700

• Year-over-Year: Down over 2%

Chestermere

Chestermere continues to experience one of the largest inventory increases among Calgary's surrounding communities. Slower sales and increased competition from both Calgary and new-home developments have shifted conditions toward buyers.

• Detached Benchmark Price: $771,900

• Year-over-Year: Down nearly 5%

Market Outlook

July continued the trend we've seen throughout much of 2026: Calgary's housing market remains balanced overall, but performance varies significantly depending on property type.

Detached and semi-detached homes continue to benefit from relatively limited supply, supporting stable prices in many neighbourhoods. In contrast, apartment condominiums remain under pressure as elevated inventory, slower migration, and increased competition from the rental and new-home markets continue to favour buyers.

As we move toward the fall market, buyers looking at condos and higher-density homes will continue to enjoy greater selection and negotiating power. Sellers, particularly in these segments, should focus on strategic pricing and strong presentation to stand out in an increasingly competitive market.

High-Density Supply Continues to Impact Apartment Condominium Prices

Calgary’s housing market remained balanced overall in June, but the gap between low-density and high-density housing continued to widen. While detached and semi-detached homes maintained relatively healthy market conditions, apartment condominiums remained firmly in buyer’s market territory as elevated supply continued to weigh on prices.

June recorded 2,197 home sales, up from May but 4% lower than the same time last year and just below the long-term average for the month. The decline was largely driven by weaker apartment condominium sales, while detached homes remained resilient. Interestingly, demand remained strongest at both ends of the market, with sales increasing for homes priced under $600,000 and above $1 million.

According to CREB® Chief Economist Ann-Marie Lurie, slower migration has reduced demand for both rental and ownership opportunities in higher-density housing. Combined with several years of record-high housing starts, inventory has increased across the rental, resale, and new-home markets. While detached supply remains limited in many areas, apartment condominiums continue to face significant competition from newly built units and rental options.

Overall Market Trends

New listings eased compared to last year, helping the sales-to-new-listings ratio improve to 56%. This slowed inventory growth, leaving the overall market with just over three months of supply, a level generally considered balanced.

However, conditions vary significantly by property type:

• Detached homes: Approximately 2.5 months of supply

• Semi-detached homes: Approximately 2.5 months of supply

• Row homes: Approximately 3.5 months of supply

• Apartment condominiums: Nearly 5 months of supply

The total residential benchmark price reached $572,500, up from May due to seasonal gains but still 2% below June 2025. Detached homes continued to strengthen through the spring, while apartment condominium prices fell nearly 9% year-over-year.

Detached Homes

Detached homes continue to benefit from balanced market conditions and limited inventory.

• Sales: 1,202

• Benchmark Price: $750,500

• Year-over-Year Change: -1%

Sales remained consistent with last year as stronger activity in homes priced below $600,000 and above $1 million offset softer demand in other price ranges.

While overall conditions remain balanced, there are notable differences across Calgary. The West and City Centre districts reached new record benchmark prices in June, with the West posting nearly 4% annual price growth. In contrast, the North East continued to experience buyer-favouring conditions, contributing to price declines approaching 7%.

Semi-Detached Homes

The semi-detached market remained one of Calgary's most stable segments.

• Sales: 234

• Benchmark Price: $694,600

• Year-over-Year Change: Stable

Improved sales helped offset earlier declines, leaving year-to-date sales only 1% lower than last year. With approximately 2.5 months of supply, conditions remain balanced.

Several districts, including the City Centre, North West, and West, reached new record benchmark prices in June, while the North East experienced the largest price decline at nearly 6%.

Row Homes

Row homes remain balanced overall, though supply continues to exceed historical norms.

• Sales: 338

• Inventory: 1,152 units

• Months of Supply: Nearly 3.5 months

Additional inventory continues to pressure prices, though monthly benchmark values increased slightly in June.

Year-over-year prices declined across every district, ranging from 2% in the South to 10% in both the North East and East. Stronger monthly gains in the City Centre, North West, and South helped offset declines elsewhere.

Apartment Condominiums

Apartment condominiums continue to face the greatest challenges in Calgary's housing market.

• Sales: 423

• New Listings: 931

• Inventory: 2,076 units

• Months of Supply: Approximately 5 months

• Benchmark Price: $299,000

Despite fewer new listings compared to last year, elevated inventory continues to favour buyers. Year-to-date condo sales are now 26% lower than last year, while benchmark prices have fallen nearly 9% year-over-year.

Price declines were widespread across Calgary, with the steepest corrections occurring in the North East and East districts, where values have fallen by more than 14%. The North West experienced the smallest decline at approximately 7.5%.

Regional Market Highlights

Airdrie

Sales continued to slow, while inventory climbed above four months of supply. Increased competition from Calgary and the new-home market continues to pressure resale prices.

• Benchmark Price: $516,900

• Year-over-Year: -4%

Cochrane

Despite a slight slowdown in June sales, year-to-date activity remains stronger than last year. Inventory remains relatively low, supporting continued monthly price growth.

• Benchmark Price: $580,200

• Year-over-Year: -2%

Okotoks

Inventory remains below long-term averages, especially for detached homes. Balanced conditions continue to support stable pricing.

• Benchmark Price: $618,600

• Year-over-Year: -2%

Market Outlook

June highlights a market that continues to move in two different directions.

Detached and semi-detached homes remain relatively balanced, with limited inventory supporting stable prices and even new record highs in select districts. Meanwhile, apartment condominiums continue to experience elevated supply, giving buyers more choice and placing ongoing downward pressure on prices.

As Calgary moves into the second half of 2026, buyers looking at condominiums will continue to benefit from increased selection and negotiating power. Sellers of detached homes, particularly in well-located neighbourhoods and desirable price ranges, should continue to see healthy demand as inventory remains limited compared to historical norms.

Apartment Prices Ease as Inventory Remains Elevated

Calgary’s housing market continued to show varying conditions across property types in May, as elevated inventory levels in the apartment sector contrasted with tighter conditions in detached homes.

In line with seasonal trends, inventory levels increased from the beginning of the year, reaching 6,752 units in May. While this is comparable to inventory levels reported last May, it remains 11% higher than long-term averages for the month. Much of the additional supply continues to come from apartment and row-style homes. In contrast, detached home inventory remains relatively limited, sitting 3% below both last year’s levels and long-term trends.

At the same time, sales activity has slowed. Calgary recorded 2,162 sales in May, down 16% from last year, and similar to activity reported in April. While new listings also declined compared to last year, the reduction in sales outpaced the drop in listings, causing the sales-to-new-listings ratio to ease to 51%. This contributed to further inventory growth and rising months of supply.

According to CREB® Chief Economist Ann-Marie Lurie, increased supply in both the new home and rental markets is creating a more competitive environment for buyers. Combined with concerns about the rising cost of living and slower migration growth, this has reduced urgency among purchasers and helped shift Calgary’s resale market into more balanced conditions.

As a result, market conditions vary significantly by property type. Detached homes continue to operate with approximately 2.5 months of supply, while apartment condominiums have moved into clear buyer’s market territory with more than five months of supply.

Overall Market Trends

The total residential benchmark price rose to $570,500 in May, up from both April and January levels. Most of this increase was driven by gains in detached housing.

Detached benchmark prices climbed from $724,000 in January to $747,800 in May, reflecting tighter supply conditions and continued demand for lower-density housing.

Meanwhile, apartment condominium prices continued to weaken. Condo benchmark prices remain below January levels and are now 9% lower than May 2025. When adjusting for seasonal patterns, Calgary’s overall benchmark price has remained relatively stable, as gains in detached homes have largely offset declines in the apartment sector.

Detached Homes

Detached homes remain one of the strongest segments of Calgary’s housing market.

• Sales: 1,192

• New Listings: 2,195

• Months of Supply: 2.5 months

• Benchmark Price: $747,800

While inventory increased slightly in May, supply remains below both last year’s levels and historical norms. Conditions vary considerably across the city, ranging from seller’s market conditions in the West district to buyer’s market conditions in the North East.

The North East continues to experience the largest price declines, down 7% year-over-year, while prices in the West district remain consistent with last year.

Semi-Detached Homes

Semi-detached homes continued to benefit from balanced market conditions.

• Sales: 217

• New Listings: 375

• Benchmark Price: $691,100

Prices have steadily improved throughout 2026 and now sit significantly above January levels, though they remain approximately 1% below last year’s benchmark. The strongest performance has occurred in the North West and West districts, where new record-high prices have been recorded this year.

Row Homes

The row home market remains balanced but continues to face softer demand than in previous years.

• Sales: 350

• New Listings: 695

• Months of Supply: Over 3 months

• Benchmark Price: $422,300

Prices have improved modestly since the beginning of the year but remain more than 6% below May 2025 levels. The largest declines continue to occur in the North East and East districts, where benchmark prices have fallen by more than 10%.

Apartment Condominiums

Apartment condominiums continue to face the greatest supply pressure in Calgary’s housing market.

• Sales: 403

• New Listings: 961

• Months of Supply: Over 5 months

• Benchmark Price: $300,400

Competition from both the rental market and newly constructed homes continues to weigh on resale condo demand. Elevated inventory levels and weaker sales have pushed conditions firmly in favour of buyers.

Benchmark prices are now 9% below last year’s levels, with the steepest declines occurring in the North East, North, and East districts.

Regional Highlights

Airdrie

Market conditions remain balanced with just over three months of supply. Prices have improved since January but remain 5% below last year’s levels.

Cochrane

Cochrane continues to outperform many surrounding markets. Strong sales and stable inventory levels have supported price growth throughout the spring, with benchmark prices rising to $576,400.

Okotoks

Inventory remains below long-term averages, helping maintain relatively tight market conditions. While prices softened slightly from April, benchmark values remain above levels recorded at the beginning of the year.

Looking Ahead

As Calgary moves into the summer market, the divide between housing segments remains clear. Detached and semi-detached homes continue to benefit from limited supply and stable demand, while apartment condominiums face growing competition from both the rental and new-home markets.

For buyers, the condo sector offers increased selection and negotiating power. For sellers, particularly in higher-density segments, strategic pricing and strong property presentation will be increasingly important in today’s more balanced market.

Balanced Conditions in the City, Except for Apartment-Style Units

Calgary’s housing market continued its seasonal transition into spring, with both sales and inventory rising compared to March. While overall activity picked up, the market continues to show clear differences depending on property type.

In April, Calgary recorded 2,104 sales, a six percent decline compared to last year, reflecting a broader shift away from the strong demand seen during the peak migration years. At the same time, 3,829 new listings came onto the market, keeping the sales-to-new-listings ratio at 55 percent and supporting a modest increase in inventory.

Total inventory reached 5,973 units, slightly higher than last year. Overall, the market remains relatively balanced, with just under three months of supply. However, this balance masks a divide between segments, ranging from tight conditions in detached homes to buyer-favouring conditions in the apartment condominium market.

According to CREB Chief Economist Ann-Marie Lurie, improved supply across all housing types has reduced urgency among buyers, helping shift the market away from seller-dominated conditions. However, limited inventory in the detached segment continues to contrast sharply with elevated supply in the apartment market.

Overall Pricing Trends

The total residential benchmark price rose to $568,800 in April, up from March due to typical seasonal gains heading into the spring market.

Despite this monthly increase, prices remain three percent lower than last year, with the most significant declines occurring in apartment-style homes, where prices are down nearly nine percent year-over-year.

Lower-density housing, including detached and semi-detached homes, has shown more stability, with only modest year-over-year declines.

Detached Homes

Detached homes remain the tightest segment of Calgary’s housing market.

• Sales: 1,095

• New listings: 1,863

• Inventory: 2,468 units

• Months of supply: Just over 2 months

Inventory levels remain below both last year and long-term trends, continuing to support prices. The benchmark price rose to $745,400, with year-over-year declines easing to under three percent.

Market conditions vary across districts:

• Seller’s market conditions persist in the North West, West, and South, where supply is especially tight

• Buyer conditions are emerging in the North East, where higher supply is weighing on prices

Semi-Detached Homes

Semi-detached homes continue to show balanced conditions, supported by steady supply and demand.

• Benchmark price: $690,000

• Prices increased month-over-month and are now only slightly below last year’s levels

Price trends vary by location:

• Gains were seen in most districts

• Declines persist in the North East and East, where supply is higher

Year-to-date, prices have improved in the City Centre, North West, and West districts, supported by tighter conditions.

Row Homes

Row homes remain in balanced territory, though supply has increased compared to last year.

• Sales-to-new-listings ratio: ~51 percent

• Months of supply: Nearly 3 months

While overall conditions are stable, significant differences exist across districts:

• The North East continues to experience the highest supply levels and the largest price declines, exceeding 11 percent year-to-date

• The West district has seen the smallest price adjustments, with declines under two percent

Apartment Condominiums

Apartment-style homes continue to face the greatest supply pressure.

• Inventory: 1,920 units

• Supply: Over 4 months

• Inventory: 27 percent above long-term trends

Despite a slight improvement in the sales-to-new-listings ratio, supply remains elevated, keeping conditions in buyer’s market territory.

The benchmark price reached $301,400, slightly higher than March, but still nearly nine percent lower than last year.

Price declines are widespread:

• Largest drops in the North East, East, North, and South East

• Some stabilization in the North West, South East, and West districts

Regional Market Highlights

Airdrie

Balanced conditions persist with just over three months of supply. The benchmark price rose to $516,700, up month-over-month but still over five percent lower than last year.

Cochrane

Stronger sales and fewer new listings tightened conditions slightly. The benchmark price increased to $569,200, though still more than three percent below last year.

Okotoks

Inventory remains limited, keeping conditions relatively tight. The benchmark price reached $627,600, up from March and in line with last year.

Market Outlook

April reinforces the theme seen throughout early 2026: a split market in Calgary.

• Detached and semi-detached homes remain supply-constrained and relatively stable

• Row homes are balanced but showing signs of softness in some districts

• Apartment condominiums continue to face elevated supply and downward price pressure

As we move deeper into the spring market, buyers will find the most opportunities in higher-density housing, while sellers of detached homes—especially in tighter price ranges—continue to benefit from limited supply.

Trends Differ Based on Property Type

Calgary’s housing market continued to show diverging trends in March 2026, with conditions varying significantly depending on property type. While overall activity picked up as we moved into the spring market, the underlying story remains one of imbalance between low-density and high-density housing segments.

Inventory levels followed typical seasonal patterns and increased month-over-month. However, compared to long-term trends, supply remains well above average for row and apartment-style homes, while detached housing continues to face limited inventory. This reflects last year’s construction trends, where apartment starts surged while detached construction slowed.

In March, Calgary recorded 1,881 sales, an improvement from February but still 13 percent lower than last year and below long-term averages. Much of this decline is tied to softer demand in the apartment sector, where increased supply and slower migration are spreading demand across more options. Meanwhile, detached home sales also remain below typical levels, largely due to limited supply in several districts.

According to CREB Chief Economist Ann-Marie Lurie, while headline numbers suggest a balanced market, a deeper look reveals a split market: tighter conditions for detached homes and buyer-favouring conditions in the apartment segment. This dynamic continues to support price growth in low-density housing while placing downward pressure on condo prices.

Overall Pricing Trends

The total residential benchmark price reached $565,600 in March, up nearly one percent from February, reflecting typical seasonal gains. However, prices remain over four percent lower than last year.

After the first quarter:

• Detached and semi-detached homes showed stable to modest price growth

• Apartment condominiums continued to decline, dropping an additional three percent compared to Q4 2025

Detached Homes

Detached homes continue to experience the tightest market conditions across all property types.

• Sales: 982

• New listings: 1,614

• Sales-to-new-listings ratio: 61 percent

• Months of supply: Just over 2 months

While overall inventory is similar to last year, supply remains tight in many districts:

• Less than two months of supply in the North West, West, South, South East, and East

• More balanced conditions in the City Centre and North

• Higher supply pressure in the North East

The benchmark price reached $741,300, down three percent from last year’s peak but showing quarterly gains in several areas, particularly the West, City Centre, and South districts.

Semi-Detached Homes

Semi-detached homes remained relatively balanced, with improved sales and stable inventory levels.

• Sales: 193

• Inventory: 480 units

• Benchmark price: $686,100

Prices edged slightly higher month-over-month and are only one percent below last year’s levels. By the end of Q1, most districts saw price gains, though year-over-year prices remain lower in many areas outside of the City Centre, North West, and West.

Row Homes

Row home activity continued to soften compared to last year, with supply rising relative to demand.

• Inventory: 960 units (25 percent above long-term trends)

• Months of supply: Nearly 3 months

• Benchmark price: $423,900

While overall conditions remain relatively balanced, some districts—particularly the North East—are trending toward buyer’s market conditions. Prices are over six percent lower than last year, though they have stabilized compared to the previous quarter.

Apartment Condominiums

Apartment-style homes continue to face the greatest supply pressure in the market.

• Inventory: 1,774 units (near record highs for March)

• Sales-to-new-listings ratio: ~40 percent

• Months of supply: Nearly 5 months

The benchmark price was $300,300, slightly higher than February but still over nine percent lower than last year. Prices have declined across all districts, with the largest drops in the South and North districts.

After the first quarter, apartment prices have declined nearly three percent compared to late 2025, reflecting ongoing oversupply.

Regional Market Highlights

Airdrie

Conditions remain balanced with about three months of supply. Prices are stabilizing but remain over five percent lower than last year at $512,800.

Cochrane

Inventory is rising, keeping conditions balanced. Prices showed seasonal gains but remain four percent lower year-over-year at $561,200.

Okotoks

Inventory remains limited, with just over two months of supply. Prices rose month-over-month to $618,100, though still slightly below last year.

Market Outlook

March highlights a two-speed market in Calgary:

• Detached and semi-detached homes remain supply-constrained and relatively stable

• Row homes are balanced but softening in some districts

• Apartment condominiums continue to face oversupply and downward price pressure

As we move deeper into the spring market, price trends will likely continue to diverge by property type. Buyers will find the most opportunities in higher-density segments, while sellers of detached homes—especially in lower price ranges—may continue to benefit from tighter supply.

Detached Market Tightens While Apartments Remain Oversupplied

Calgary’s housing market continued to show diverging conditions by property type in February 2026. While detached and semi-detached homes experienced tightening supply, apartment-style properties remained firmly in buyer’s market territory due to elevated inventory levels.

In total, Calgary recorded 1,526 sales, down 11 percent compared to last February, largely due to softer activity in row and apartment segments. Inventory rose to 4,822 units, with condominiums and row homes representing more than half of all active listings.

Despite these shifts, overall citywide conditions remained relatively balanced at three months of supply and a 55 percent sales-to-new-listings ratio.

According to CREB Chief Economist Ann-Marie Lurie, slowing migration levels are coinciding with a significant rise in apartment construction. Calgary saw record-high housing starts last year, with nearly 18,000 apartment units currently under construction. While many of these are purpose-built rentals, the added supply continues to influence the condominium resale market.

At the same time, the detached market remains tight, particularly for homes priced below $700,000.

Overall Pricing Trends

Seasonal trends typically support modest price increases early in the year. In February, benchmark prices rose for most low-density property types. However, apartment prices continued to decline.

The total residential benchmark price reached $560,500, up one percent from January, but still four percent lower than February 2025.

Detached Homes

Detached homes remained relatively balanced in February.

• Sales: 736

• New listings: 1,269

• Sales-to-new-listings ratio: 58 percent

• Months of supply: Just under three months

The unadjusted benchmark price was $734,300, up more than one percent from January, but still three percent lower than last year.

Market conditions varied significantly by district:

• The West district reported the tightest conditions, with less than two months of supply.

• The North East district continued to face higher inventory levels, limiting price growth.

The only districts reporting both month-over-month and year-over-year gains were the City Centre and West.

Semi-Detached Homes

Semi-detached homes reported the tightest conditions among all property types.

• Sales: 175

• New listings: 253

• Sales-to-new-listings ratio: 69 percent

• Months of supply: 2.4 months

The tighter supply supported price gains. The benchmark price rose to $682,200, up more than two percent from January and roughly in line with last year’s levels.

Price performance varied across the city:

• Gains were strongest in the City Centre, North West, and West.

• Other districts saw modest year-over-year declines.

Row Homes

Row home activity improved compared to January.

• Sales: 270

• New listings: 491

• Sales-to-new-listings ratio: 55 percent

• Months of supply: Just over three months

The benchmark price increased to $423,600 month-over-month, consistent with seasonal trends. However, prices remain five percent lower than last February.

The most significant year-over-year declines occurred in the North East and East districts, where prices have dropped by more than 10 percent. In contrast, prices in the West and City Centre have remained relatively stable.

Apartment Condominiums

Apartment-style homes continue to face elevated supply.

• Sales: 345

• New listings: 753

• Sales-to-new-listings ratio: 46 percent

• Inventory: 1,580 units

• Months of supply: Over four months

The benchmark price fell to $298,600, nearly one percent lower than January and more than nine percent below last February.

Supply conditions vary significantly:

• The North East reported more than 11 months of supply.

• The South district reported less than four months.

Price declines of more than 10 percent year-over-year were recorded in the North East, East, and South East districts.

Regional Market Highlights

Airdrie

With 122 sales and 236 new listings, conditions remained relatively balanced at just over three months of supply. The benchmark price was $512,200, stable month-over-month but five percent lower than last year.

Cochrane

Sales gains helped maintain balance at roughly three months of supply. The benchmark price rose slightly to $553,500, though still three percent lower than last February.

Okotoks

Inventory remains well below long-term trends. With under three months of supply, conditions remain tight. The benchmark price reached $612,300, up two percent from January and similar to last year.

Market Outlook

February’s data highlights a clear split in Calgary’s housing market:

• Detached and semi-detached homes are tightening, especially in affordable price ranges.

• Apartment condominiums remain oversupplied, continuing to place downward pressure on prices.

• Row homes sit in the middle, with balanced but softer conditions compared to last year.

As we approach the spring market, pricing trends will likely depend on how quickly apartment supply is absorbed and whether detached inventory remains constrained in key price segments.

If you would like to discuss how these trends affect your neighborhood or property type, I would be happy to provide a personalized market review.

Slow Start for High-Density Homes

Calgary’s housing market opened 2026 with a slower start, particularly in higher-density segments such as apartments and row homes. January recorded 1,234 sales, a 15% decline year-over-year, though activity remained in line with typical seasonal levels for the month.

Sales eased across all property types, but the most pronounced pullbacks occurred in apartment and row-style homes. According to CREB Chief Economist Ann-Marie Lurie, buyers in higher-density segments were slower to return following the December pause, as increased supply across resale, rental, and new-home markets reduced urgency. At the same time, sellers were quick to list, pushing the sales-to-new-listings ratio down to 44%, largely due to activity in apartments and row homes.

As a result, inventory climbed to 4,391 units, the highest January level since 2020. Market conditions now vary significantly by property type, with detached homes remaining balanced while apartments face clear buyer’s market conditions.

Pricing Overview

Benchmark prices remain lower than levels seen at the start of last year due to price declines in the latter half of 2025. However, seasonally adjusted figures suggest relative stability compared to the end of 2025.

On a year-over-year basis, the total residential benchmark price declined nearly 5%, largely driven by oversupply and price adjustments in apartment and row-style homes.

Detached Homes

Detached homes continued to show relatively balanced conditions in January.

• Sales: 657

• New listings: 1,243

• Inventory: 1,753 units

• Months of supply: Under 3 months

• Sales-to-new-listings ratio: 53%

The unadjusted benchmark price was $724,000, slightly lower than December and over 3% lower than January 2025, reflecting price softening in the second half of last year. Price declines ranged from less than 1% in the West district to over 6% in the North East, with most monthly adjustments occurring in the City Centre and North West.

Semi-Detached Homes

Semi-detached homes accounted for about 10% of total market activity.

• Sales: 118

• New listings: 251

• Months of supply: 3.5 months

While new listings rose faster than sales, conditions remained relatively balanced. Increased supply since late 2025 has helped stabilize pricing.

• Benchmark price: $667,000

• Month-over-month: Stable

• Year-over-year: Down 1%

Prices remained higher year-over-year in the North West and West districts, while other areas experienced modest declines.

Row Homes

Row homes faced the most notable slowdown outside of apartments.

• Sales: 186 (down nearly 25% YoY)

• Months of supply: Above 4 months

Despite rising inventory, the benchmark price remained stable month-over-month, supported by gains in the City Centre and West districts. However, prices were 5% lower than January 2025. The steepest year-over-year declines occurred in the North East and East, followed by the North and South East, where competition from new homes has been strongest.

Apartment Condominiums

Apartment-style homes continued to experience significant supply pressure.

• New listings: 787

• Sales: 273

• Sales-to-new-listings ratio: 35%

• Inventory: 1,435 units (record high for January)

• Months of supply: Over 5 months

With elevated supply, prices trended lower.

• Benchmark price: $301,200

• Month-over-month: Down nearly 1%

• Year-over-year: Down 8%

Price declines were widespread across all districts, ranging from 13% in the North East to 6% in the City Centre.

Regional Market Highlights

Airdrie

Sales remained relatively strong despite a year-over-year decline. Inventory growth pushed the months of supply slightly above three months, consistent with long-term norms.

• Benchmark price: $513,900

• Year-over-year: Down 5%

Cochrane

New listings reached a record January high, while sales remained limited.

• Months of supply: 5 months

• Benchmark price: $550,800

• Change: Down nearly 2% from both December and January 2025

Okotoks

Low inventory continued to constrain sales activity.

• Months of supply: Just over 2 months

• Benchmark price: $599,500

• Year-over-year: Down 2%

Outlook

January’s data points to a measured start to 2026, with clear divergence between housing types. Detached and semi-detached homes remain relatively balanced, while row and apartment segments continue to adjust under elevated supply.

As buyers and sellers reassess conditions ahead of the spring market, pricing and activity are expected to vary widely by location and property type. The coming months will be critical in determining whether high-density segments can absorb excess supply or if further adjustments lie ahead.

A Year of Transition Toward More Balanced Conditions

After several years of rapid price growth, 2025 marked a clear transition year for Calgary’s housing market. Strong construction activity combined with easing demand helped shift conditions away from a seller-dominated environment toward a more balanced market across much of the city.

Record-high housing starts significantly improved supply across resale, new home, and rental markets. At the same time, demand pressures eased due to slower population growth and heightened economic uncertainty, particularly during the spring market. Together, these factors reshaped market dynamics throughout the year.

Total sales in 2025 reached 22,751 units, down 16% from 2024, but still in line with long-term averages. The more significant change came from the supply side, as over 40,000 new listings entered the market, a 9% increase year-over-year, allowing inventory levels to recover and creating more balanced conditions.

According to CREB Chief Economist Ann-Marie Lurie, supply growth in 2025 exceeded expectations, particularly for apartment condominiums and row homes. This added supply weighed on prices in those segments enough to offset gains seen in detached and semi-detached homes. Market conditions varied widely by location, price range, and property type, with some areas remaining seller-leaning while others shifted in favor of buyers.

Overall Pricing Trends

The annual average total residential benchmark price in Calgary for 2025 was $577,492, representing a 2% decline from last year’s average.

• Detached homes: +1%

• Semi-detached homes: +3%

• Row homes: –2%

• Apartment condominiums: –3%

The North East district experienced the largest price declines in 2025. While this was partly due to improved supply, it also followed exceptionally strong price growth in the prior two years, making the area more susceptible to adjustment.

For the first time in three years, Calgary entered the new year with healthier inventory levels, setting the stage for a more stable outlook heading into 2026.

Detached Homes

Detached home sales totaled 11,328 units, down nearly 9% from 2024. Sales eased across all districts, with the steepest declines in the North East, East, and City Centre.

Inventory growth played a key role in price performance. In the North East and East districts, inventories rose well above long-term averages, contributing to annual price declines of 2%. By contrast, detached inventory in the City Centre remained below historical norms, supporting price growth of over 3%.

Despite varying local conditions, the detached market as a whole shifted into balanced territory by the second half of the year. The annual average benchmark price for detached homes was $752,767, up 1% from last year.

Semi-Detached Homes

Semi-detached properties accounted for less than 10% of total sales activity in 2025. Sales reached 2,159 units, down 8% year-over-year, but slightly above long-term trends.

This segment took longer to transition into balanced conditions, which helped support stronger price growth. The annual average benchmark price rose to $685,850, nearly 3% higher than last year.

While prices eased in the North district due to competition from new homes, those declines were more than offset by 4% growth in the City Centre, resulting in solid overall performance for the year.

Row Homes

Row home sales declined 17% to 3,838 units, though activity remained above long-term averages as this housing type continues to represent a growing share of Calgary’s market.

Rising new listings led to inventory gains and reduced upward pressure on prices. Market conditions shifted to balanced relatively early in the year, and by the final quarter ranged from balanced to buyer-favouring depending on district.

Overall, row home prices declined 2% on an annual average basis. Prices were generally stable in the City Centre, North West, West, and East, but additional resale supply and competition from new homes led to 4% declines in the North East and North districts.

Apartment Condominiums

Apartment condominiums experienced the largest market adjustment in 2025. Sales fell 28% compared to last year’s near-record levels, though they remained 28% above long-term averages.

The primary driver of changing conditions was supply. Over the past three years, apartment construction—largely purpose-built rental—has expanded significantly. While these units are not direct resale listings, they increased overall housing choice and reduced urgency among buyers and investors.

By the second half of the year, most districts had shifted into buyer-favouring conditions, with elevated months of supply placing persistent downward pressure on prices. The annual average benchmark price declined by nearly 3%, with the steepest drops in the North East at close to 5%. The West district was the only area to report relative price stability.

Regional Market Highlights

Airdrie

Improved supply from both the new home market and competing resale areas pushed inventory to its highest level since before the pandemic. While sales remained aligned with long-term trends, rising supply led to a 2% decline in the annual average benchmark price.

Cochrane

Sales remained strong and above historical norms. Supply growth gradually shifted the market into balanced conditions later in the year, limiting price pressure. The annual benchmark price increased nearly 3% to $578,325.

Okotoks

Despite a 40% increase in inventory, supply levels remained 30% below long-term averages, keeping market conditions relatively tight. Overall prices posted modest gains, with performance varying by housing type. Apartment condominiums saw the strongest growth, rising nearly 8%.

Looking Ahead

2025 represented a structural reset for Calgary’s housing market.

• Supply improved meaningfully

• Price growth moderated

• Market conditions normalized across most segments

Detached and semi-detached homes demonstrated resilience, while higher-density housing absorbed most of the adjustment. With healthier inventory levels entering 2026, the market is positioned for greater stability, improved choice for buyers, and more sustainable pricing trends moving forward.

Conditions Remain Balanced Heading Into Winter

Calgary’s housing market softened in line with typical seasonal patterns this November as sales, new listings, and inventory levels all eased compared to October. The city recorded 1,553 sales and 2,251 new listings, pushing the sales-to-new-listings ratio to 69%, an improvement from last month and a sign of steadier market balance.

Total inventory declined month-over-month but remained elevated at 5,581 units, which is 28% higher than last year and 15% above long-term November norms.

According to Ann-Marie Lurie, CREB® Chief Economist, higher-density segments such as row and apartment homes continue to see the most supply pressure due to both resale activity and new construction flowing into the market. As a result, buyer’s market conditions are more common in these segments, while detached and semi-detached homes remain relatively balanced across most districts.

The total residential benchmark price fell to $559,000, down 5% year-over-year.

• Apartments: –7% YoY

• Row homes: –6% YoY

• Detached: –2% YoY (still up YTD)

Detached Homes

Detached sales reached 823 units, consistent with typical November activity. Inventory eased from October but remains higher than last year, keeping the months of supply around three months—a balanced range.

• Benchmark price: $733,000 (–2% YoY)

• YTD price: +1% vs. 2024

• Price declines were concentrated in the North East, North, and East districts due to competition from new builds and higher supply.

Semi-Detached Homes

Semi-detached sales were comparable to last year, but higher-than-normal new listings pushed inventory to a five-year November high. Months of supply stayed above three months, indicating balanced conditions.

• Benchmark price: $671,700 (steady YoY)

• YTD price: +3%

• Strongest gains: City Centre (+4%)

Row Homes

Row home sales declined to 257 units, but still sit above long-term norms. Inventory remains elevated at levels not seen since 2018.

• Benchmark price: $424,400

• Monthly change: ↓

• Year-over-year: –6%

• YTD prices: –2%

• Largest declines: North East and North districts

Apartment Condominiums

This segment continues to face the strongest downward pressure. Sales remained in line with historical averages, but elevated new listings pushed inventory to a record high for November. Months of supply approached six months, marking clear buyer’s market conditions.

• Benchmark price: $309,300

• Year-over-year: –7%

• YTD: –2%

• Largest decline: North East (–5%)

• Only district with stable prices: West

Regional Highlights

Airdrie

• Inventory remains elevated due to more newer homes entering resale.

• Prices trending downward but still retain gains from the past four years.

• YTD detached prices: –1% YoY

Cochrane

• New listings hit a record November high; inventory at 2018 levels.

• Despite supply gains, prices remain higher than last year.

• YTD detached prices: +2%

Okotoks

• Sales improved month-over-month, supported by stronger new-listing activity.

• Inventory is rising but still below long-term norms.

• YTD prices: higher across all property types

Outlook

As 2025 comes to a close, Calgary’s market is entering winter with balanced conditions in detached and semi-detached homes, while row and apartment segments continue to face elevated supply and softer pricing. Seasonal slowdowns are expected to continue, but underlying demand remains aligned with long-term trends. Buyers will enjoy more choice, while sellers—especially in higher-density segments—will need to price competitively.

Slower Growth in New Listings Helps Stabilize Supply

Calgary’s housing market showed signs of stabilization in October as new listings growth slowed and sales picked up slightly from September. The city recorded 1,885 sales and 6,471 active listings, bringing the months of supply back down to three and a half months, after reaching four months in September.

While row and apartment properties continue to experience elevated supply compared to demand, detached and semi-detached segments remain relatively balanced.

Year-to-date, Calgary has seen 20,082 sales, about 16% lower than last year, though still consistent with long-term market averages. Most of the slowdown has come from softer demand for apartment and row-style homes.

“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes,” said Ann-Marie Lurie, CREB® Chief Economist. “Excess supply in these segments is weighing on prices more than in other property types.”

As of October, Calgary’s total residential benchmark price was $568,000, down 1% month-over-month and over 4% year-over-year. The largest price adjustments occurred in the row and apartment markets, with prices falling 6% and 7% respectively compared to last October. 

Detached Homes

Sales improved slightly to 1,012 units, while new listings fell to 1,593, helping reduce inventory to 2,913 units. With under three months of supply, detached homes remain balanced overall.

• Benchmark price: $744,400 (↓ 1% YoY)

• Price trends: Gains in the City Centre (+2%) offset declines in the North East (-5%)

• Year-to-date: Prices remain 1% higher than last year

 Semi-Detached Homes

Sales rose to 186 units, while inventory held steady at 613 units. Conditions remain balanced with just over three months of supply.

• Benchmark price: $683,100 (↑ 1% YoY)

• Year-to-date: Prices are 3% higher than last year, led by the City Centre

Row Homes

Row sales totaled 275 units, while inventory climbed to a record 1,054 units, keeping months of supply around four months.

• Benchmark price: $431,200 (↓ 6% YoY)

• Year-to-date: Down 1.5%, with the largest declines in the North East and North districts

 Apartment Condominiums

A small pullback in new listings helped stabilize inventory, which remained high at 1,891 units. With nearly five months of supply, apartment condos remain in buyer’s market territory.

• Benchmark price: $318,200 (↓ 7% YoY)

• Year-to-date: Prices down 2%, led by declines in the North East and South East

 Regional Highlights

Airdrie – Record-high new listings kept inventory elevated at 535 units, with prices down 5% YoY to $520,400.

Cochrane – Sales improved and inventory stabilized. Prices held at $585,200, up 2% YoY.

Okotoks – Inventory rose modestly, but conditions remain relatively tight. Prices edged up to $618,600, stable year-over-year and 1% higher YTD.

Outlook

Calgary’s housing market continues to rebalance. While higher inventory in multi-family segments is softening prices, detached and semi-detached homes remain resilient thanks to steady demand. Unless sales slow further, conditions are expected to stay stable heading into the winter months, offering better selection for buyers and more realistic pricing across the board.