09/18/2026
$679,000. That is CREA's benchmark price for a typical single-family home in Calgary this August.
Here is the part most people miss: it stopped climbing. Calgary's benchmark peaked in January 2025, and it has been close to flat for the nineteen months since. In the two years before that peak, it rose nineteen percent.
So if that is your budget and you are looking at Red Deer, what does it actually buy?
Not a bigger house. At $650,000 to $720,000, the Red Deer and Calgary homes that sold over the last twelve months were about the same size.
What changes is everything around the house. For the same money, the Red Deer homes were about eleven years newer, on roughly a third more land.
Source: CREA MLS® HPI, Calgary single-family, seasonally adjusted, August 2026 · MLS® data, analysis by Jay Kern, 12 months to August 31. Deemed reliable but not guaranteed.
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Jay Kern · Kern Realty | CIR Realty