Calgary Housing Market Outlook 2026
Calgary Market Report Summary 2026
- The average selling price of a home in Calgary decreased by 3.3% year-over-year to $553,900 in November 2025.
- The average selling price of a single-family home in Calgary decreased by 2% year-over-year to $664,800 in November 2025.
- The average selling price of a townhouse/multiplex in Calgary decreased by 4.9% year-over-year to $438,300 in November 2025.
- The average selling price of a condo in Calgary decreased by 6.2% year-over-year to $317,300 in November 2025.
- The average rent in Calgary is now $1,888 for November 2025.
- December 18, 2025: Today’s lowest mortgage rate in Calgary is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Calgary was $553,900 for the month of November 2025, that’s decreased by 1.4% compared to the previous month. On a year-over-year basis, Calgary home prices have decreased 3.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Calgary was $664,800 for the month of November 2025, that’s decreased by 1.5% compared to the previous month. On a year-over-year basis, single-family home prices in Calgary have decreased by 2% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Calgary was $438,300 for the month of November 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, the price of a townhouse in Calgary has decreased by 4.9% over the last 12 months.
Condo Prices
The average selling price of a condo in Calgary was $317,300 for the month of November 2025, that’s decreased by 1.6% compared to the previous month. On a year-over-year basis, the price of a condo in Calgary has decreased 6.2% over the last 12 months.
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Calgary Housing Market Summary
Data from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in November 2025 was $553,900, and it decreased of 3.3% compared to a year ago.
CREB also reported a sales-to-new-listings ratio (SNLR) of 69%, indicating Sellers market conditions in Calgary for November 2025.
Calgary Shows Divergent But Balanced Conditions
According to the CREB, in November, Calgary’s housing market remained relatively balanced heading into the winter months, even as elevated inventory in higher-density housing continued to weigh on overall prices. Seasonal slowdowns in home sales and new listings helped stabilize inventory from October levels. Still, supply remains well above last year and long-term norms, particularly for row and condo/apartment-style homes.
Calgary Market Snapshot for November
Recent MLS data highlights slower activity but improving balance.
- Residential sales totalled 1,553, down 13.4% YoY
- New listings reached 2,251, down from October
- Inventory stood at 5,581 units, 28% higher than last year and over 15% above typical November levels
- Months of inventory settled at 3.59, reflecting broadly balanced conditions
- The total residential benchmark price was $559,000, nearly 5% lower than last year
Detached and Semi-Detached Homes Remain Resilient
Lower-density housing continues to hold up better than other segments. Detached home sales reached 823 units in November, only slightly below last year, while months of supply remained near 3, consistent with balanced market conditions. The detached benchmark price stood at $733,000, down about 2% YoY, though still higher YTD. Semi-detached homes also remained stable, with a benchmark price of $671,700, down marginally from last year but showing the strongest year-to-date price growth among all segments at nearly 3%.
Row and Apartment Homes Face Ongoing Price Pressure
Excess supply continues to weigh on higher-density housing. Row/townhome benchmark prices declined 6% YoY to $424,400, while inventory levels remained well above historical norms. Apartment condominiums faced the most pressure, with benchmark prices down 7% YoY to $309,300 and months of inventory nearing 6. These segments have been operating in a buyer’s market for several months, driven by increased resale activity, new homes coming to market, and rising rental supply.
Why Calgary Market Conditions Are Shifting
Supply growth in Calgary is driven by higher-density housing completions and resale activity, particularly near year-end. While this has created buyer’s market conditions in some pockets, detached and semi-detached homes remain relatively balanced due to steadier demand. This divergence between segments is preventing broader market instability, even as total benchmark prices trend lower.
Month-over-Month Market Expectations for Calgary
Transactions – Number of Sales
The number of sales in Calgary was 1,551 during November 2025, that’s decreased by 17.6% compared to the previous month. On a year-over-year basis, sales in Calgary have decreased by 13.5% over the last 12 months.
New Listings
The number of new listings in Calgary was 2,254 during November 2025, that’s decreased by 30.3% compared to the previous month. On a year-over-year basis, new listings in Calgary have decreased by 3.2% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Calgary was 69% during November 2025, indicating a Sellers. On a monthly basis, that’s increased by 18.2% compared to the previous month. Calgary’s yearly sales-to-new-listings ratio has decreased by 10.7% over the last 12 months.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Calgary
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Calgary Market Rents Summary
The average rent in Calgary was $1,888 for the month of November 2025.
The average rent for a 1-bedroom apartment in Calgary was $1,539 for the month of November 2025, which decreased by 5.8% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Calgary was $1,860 for the month of November 2025, which decreased by 5.3% on a year-over-year basis.
How Does Renting Compare with Homeownership in Calgary?
Each $100,000 in mortgage balance costs an average of $520.07 per month on nesto’s lowest fixed 5-year rate at
Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions on Calgary Housing Market Outlook for 2025
Will Calgary home prices rise in 2025?
Calgary’s housing market is expected to see steady price increases in 2025, driven by strong population growth and relatively affordable home prices.
Is Calgary a good place to buy in 2025?
Calgary remains a top destination for buyers seeking affordable housing and substantial investment opportunities, particularly in single-family homes.
Will mortgage rates improve affordability in Calgary?
Easing mortgage rates will enhance affordability, encouraging more buyers to act in 2025.
Is Calgary’s housing market stable?
Calgary’s market is stable, with increasing demand and steady price growth expected through 2025.
How affordable are homes in Calgary compared to other cities?
Calgary remains significantly more affordable than cities such as Toronto and Vancouver, making it attractive to buyers.
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