10/04/2026
OCTOBER 2026 HOUSING MARKET:
The divide between detached homes in nice areas and all other homes continues to widen. September detached sales actually increased about 4.4% from a year earlier, while detached supply tightened to roughly 3.3 months.
By contrast:
Row/townhouse: benchmark about $412,400, down roughly 5.5% year-over-year, with about 4.45 months of supply.
Apartment condos: benchmark about $291,400, down roughly 8.3% year-over-year, with about 5.3 months of supply.
Apartment condos remain the segment with the greatest amount of buyer choice and price pressure.
September was somewhat better than the headline sales number suggests. Sales were essentially unchanged from August at 1,650, despite September normally being a seasonally slower month. At the same time, new listings dropped substantially. That helped prevent inventory from building further. The overall benchmark slipped from roughly $569,800 in August to $566,700 in September. So, Calgary isn’t experiencing a broad-based price collapse. Instead, the market is adjusting unevenly according to property type.
If you are a buyer, the detached market is considerably tighter but again it depends what area you are in. Reasonably priced detached homes in the go-to inner city south west and north west areas can still attract competition, particularly when they have income-producing suites, garages and good locations. The broader market, however, gives buyers more negotiating room than they had during Calgary’s very tight 2023–24 market. The overall inventory level is more comfortable, and sellers are taking longer to sell.
I’d characterize September as a generally balanced Calgary market, but with significant differences by property type and a slight shift in favour of buyers.
Detached: relatively firm
Semi-detached: relatively balanced
Row/townhouse: buyer-friendly compared with detached
Apartment condo: clearly buyer-favouring
Overall: balanced, with prices roughly flat to slightly lower year-over-year.
One particularly interesting point is that the overall benchmark is only 0.8% below September 2025, despite sales being down 3.8%. That’s partly because the composition of what is selling has shifted toward stronger-performing segments. The benchmark price is the real indicator of price shifts. Average and medium prices are actually climbing while benchmark drops in some areas.
Market overall - Benchmark down .8% while median and average price up between 2.5 and 4.9%. DETACHED - Benchmark down 1% while median down .5% and average price UP 5%. TOWNHOUSE - Benchmark down 5.5% while median and average price up between 3.5 adn 5.5%. SEMI-DETACHED - Benchmark UNCHANGED while median and average BARELY CHANGED. CONDOS - Benchmark down 8% while median and average price DOWN between 9.5 AND 8.6%.
I predict a gradual shift into a buyer's market over the fall winter, giving buyers the edge on house leftovers and the first opportunity for some bargains in some time.
Call now to connect with business.
