10/11/2026
Two luxury markets. Two very different directions.
Our September Calgary Real Estate Market Report highlights a growing divide between two segments we're watching particularly closely.
Inner-city luxury detached homes
The $2M–$2.5M segment recorded 12 sales in the latest month, compared with just four in July. Across the $2M–$3M range, the numbers now point towards a seller's market.
We're seeing increasing competition firsthand, and if inventory remains limited, further price pressure is possible.
**Luxury apartments**
It's almost the opposite story.
Apartments above $1M are now sitting at approximately 12 months of inventory, up from around four over the summer.
We're seeing substantial price reductions in some excellent buildings, with even significantly discounted properties struggling to attract buyers.
**The broader Calgary market remains divided.**
Detached homes are generally balanced, with roughly three months of inventory, while apartments have approximately five months and continued price weakness.
Looking ahead, we're watching whether strength in luxury detached housing spreads into lower price ranges, particularly in Calgary's established inner-city neighbourhoods.
We're generally optimistic about the detached market, although rising mortgage rates and economic uncertainty remain important considerations.
The lesson? Whether you're buying or selling, the particular segment you're in matters enormously.
Read our full September Market Report for our analysis and reports from leading agents across Canada.
The A-Team | RE/MAX First
Thoughtful | Loyal | Effective