Calgary Housing Market Outlook 2026
Calgary’s Two-Speed Market Widens as Condos Give Buyers an Edge
According to the Calgary Real Estate Board (CREB), in July 2026, 1,904 homes changed hands, a decline of 9.3% from July 2025. New listings fell even further, down 15% year-over-year to 3,323, and the city’s benchmark price eased for a second straight month.
- The overall benchmark price was $569,200, down 2.0% year-over-year and 0.6% from June. Homes took about 40 days to sell on average, and inventory sat at 3.5 months of supply, still tilted toward sellers overall but far looser than the sub-two-month conditions of 2022 and 2023.
- Detached homes continued to hold their value best, with prices down only marginally from a year ago. Condos and townhomes told a different story, giving buyers meaningfully more room to negotiate as high-density inventory kept building.
- Every property type recorded fewer sales than a year ago, but the pullback was sharpest in the segments most exposed to slowing migration into the province, which has been the primary driver of demand in Calgary for the past three years.
Calgary is really two markets moving at different speeds. Detached homes in sought-after districts are still changing hands quickly and holding their price, while apartment condominiums face a sustained run of high-density completions arriving just as interprovincial migration eases. That combination is producing genuine buyer’s market conditions in the condo segment even as the detached market stays comparatively tight, which is why a single citywide benchmark can be misleading for anyone trying to decide whether now is the time to buy or sell.
Which side of Calgary’s two-speed market you’re shopping in changes the calculus considerably. Compare current mortgage rates in Calgary and speak with our nesto mortgage experts to figure out where your budget fits best.
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Calgary Housing Market Highlights
- The average selling price of a home in Calgary decreased by 1.4% year-over-year to $572,500 in June.
- The average selling price of a single-family home in Calgary decreased by 0.6% year-over-year to $691,700 in June.
- The average selling price of a townhouse/multiplex in Calgary decreased by 3% year-over-year to $452,600 in June.
- The average selling price of a condo in Calgary decreased by 7.4% year-over-year to $310,900 in June.
- The average rent in Calgary decreased by 4.4% year-over-year to $1,883 for June.
- August 21, 2026: Today’s lowest mortgage rate in Calgary is 4.24% for a 5-year fixed.
Data from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in June was $572,500, and it decreased by 1.4% compared to a year ago.
CREB also reported a sales-to-new-listings ratio (SNLR) of 57%, indicating Balanced market conditions in Calgary for June.
Average Home Prices in Calgary by Property Type
Composite Home Prices
The average selling price of a home in Calgary was $572,500 for the month of June, that’s decreased by 0.1% month-over-month. On a year-over-year basis, Calgary home prices have decreased 1.4% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Calgary was $691,700 for the month of June, that’s decreased by 0.6% month-over-month. On a year-over-year basis, single-family home prices in Calgary have decreased by 0.6% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Calgary was $452,600 for the month of June, that’s decreased by 0.7% month-over-month. On a year-over-year basis, the price of a townhouse in Calgary has decreased by 3% year-over-year.
Condo Prices
The average selling price of a condo in Calgary was $310,900 for the month of June, that’s decreased by 0.4% month-over-month. On a year-over-year basis, the price of a condo in Calgary has decreased 7.4% year-over-year.
Calgary Home Sales, New Listings and Market Conditions
Transactions and Number of Sales
The number of sales in Calgary was 1,902 during June, that’s decreased by 13.4% month-over-month. On a year-over-year basis, sales in Calgary have decreased by 9.3% year-over-year.
New Listings
The number of new listings in Calgary was 3,324 during June, that’s decreased by 14.8% month-over-month. On a year-over-year basis, new listings in Calgary have decreased by 15.1% year-over-year.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Calgary was 57% during June, indicating a Balanced. On a monthly basis, that’s increased by 0.016 month-over-month. Calgary’s yearly sales-to-new-listings ratio has increased by 0.067 year-over-year.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold 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 Snapshot
The average rent in Calgary was $1,883 for the month of June, which decreased by 4.4% year-over-year.
The average rent for a 1-bedroom apartment in Calgary was $1,513 for the month of June, which decreased by 5% year-over-year.
The average rent for a 2-bedroom apartment in Calgary was $1,847 for the month of June, which decreased by 4.3% year-over-year.
Average Rent by City in Canada
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $3,039 | $2,588 | $3,458 |
| 2 | Vancouver | $2,686 | $2,377 | $3,255 |
| 3 | Toronto | $2,580 | $2,234 | $2,947 |
| 4 | North York | $2,565 | $2,188 | $2,743 |
| 5 | Burnaby | $2,543 | $2,159 | $2,802 |
| 6 | Coquitlam | $2,526 | $2,134 | $2,753 |
| 7 | Oakville | $2,517 | $2,198 | $2,819 |
| 8 | Kanata | $2,514 | $2,230 | $2,751 |
| 9 | Etobicoke | $2,439 | $2,094 | $2,624 |
| 10 | Halifax | $2,372 | $2,071 | $2,616 |
| 11 | Burlington | $2,370 | $2,075 | $2,448 |
| 12 | Mississauga | $2,357 | $2,052 | $2,445 |
| 13 | Vaughan | $2,319 | $2,048 | $2,580 |
| 14 | Victoria | $2,307 | $2,016 | $2,682 |
| 15 | Brampton | $2,285 | $2,001 | $2,379 |
| 16 | Langley | $2,239 | $1,899 | $2,457 |
| 17 | Ajax | $2,234 | $1,878 | $2,218 |
| 18 | Guelph | $2,217 | $1,905 | $2,280 |
| 19 | Scarborough | $2,213 | $1,872 | $2,288 |
| 20 | New Westminster | $2,190 | $1,880 | $2,656 |
| 21 | Surrey | $2,167 | $1,794 | $2,239 |
| 22 | Ottawa | $2,164 | $1,960 | $2,449 |
| 23 | Barrie | $2,155 | $1,863 | $2,108 |
| 24 | Waterloo | $2,118 | $1,915 | $2,234 |
| 25 | Kingston | $2,100 | $1,827 | $2,271 |
| 26 | Laval | $2,096 | $1,732 | $2,356 |
| 27 | Nanaimo | $2,092 | $1,835 | $2,290 |
| 28 | Kelowna | $2,091 | $1,808 | $2,248 |
| 29 | East York | $2,050 | $1,791 | $2,312 |
| 30 | Cambridge | $2,042 | $1,847 | $2,139 |
| 31 | Greater Sudbury | $2,021 | $1,708 | $2,072 |
| 32 | Oshawa | $2,002 | $1,740 | $2,017 |
| 33 | Airdrie | $1,987 | $1,441 | $1,804 |
| 34 | Peterborough | $1,977 | $1,742 | $1,957 |
| 35 | Brossard | $1,970 | $1,722 | $2,199 |
| 36 | Kamloops | $1,956 | $1,731 | $2,042 |
| 37 | Montreal | $1,941 | $1,769 | $2,255 |
| 38 | Niagara Falls | $1,940 | $1,600 | $1,980 |
| 39 | Brantford | $1,936 | $1,807 | $2,043 |
| 40 | Hamilton | $1,929 | $1,654 | $2,235 |
| 41 | London | $1,924 | $1,670 | $2,058 |
| 42 | Kitchener | $1,908 | $1,684 | $2,078 |
| 43 | Calgary | $1,883 | $1,513 | $1,847 |
| 44 | St. Catharines | $1,817 | $1,558 | $1,931 |
| 45 | Welland | $1,779 | $1,522 | $1,985 |
| 46 | Gatineau | $1,775 | $1,592 | $1,852 |
| 47 | Côte Saint-Luc | $1,704 | $1,441 | $1,997 |
| 48 | Windsor | $1,685 | $1,492 | $1,921 |
| 49 | Sarnia | $1,680 | $1,495 | $1,728 |
| 50 | Winnipeg | $1,663 | $1,463 | $1,759 |
| 51 | Edmonton | $1,617 | $1,282 | $1,638 |
| 52 | Red Deer | $1,536 | $1,293 | $1,509 |
| 53 | Lethbridge | $1,519 | $1,342 | $1,571 |
| 54 | Quebec City | $1,516 | $1,279 | $1,611 |
| 55 | Saskatoon | $1,514 | $1,310 | $1,537 |
| 56 | Regina | $1,444 | $1,300 | $1,540 |
| 57 | Fort McMurray | $1,412 | $1,221 | $1,426 |
| 58 | Medicine Hat | $1,359 | $1,237 | $1,380 |
| 59 | Lloydminster | $1,348 | $1,072 | $1,386 |
| 60 | St. John's | $1,215 | $1,105 | $1,314 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province in Canada
Rental Price Growth by Housing Type
How Does Renting Compare With Homeownership in Calgary?
Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The interest rates used for calculation are those offered on insured purchases with less than a 20% down payment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.
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Frequently Asked Questions (FAQ) About the Calgary Housing Market in 2026
Are Calgary Housing Market Conditions Favouring Buyers or Sellers in 2026?
Calgary housing market conditions vary sharply by property type in 2026, which makes a single citywide answer misleading. Overall inventory sits at 3.5 months of supply, up substantially from the sub-two-month readings of 2022 and 2023, and homes are taking about 40 days to sell on average. Detached homes remain closer to seller’s market conditions, holding value and moving quickly, while condos and townhomes have shifted decisively toward buyers as high-density inventory continues to build.
Are Calgary Home Prices Going Up or Down in 2026?
Calgary home prices are down modestly in 2026 on a citywide basis. The overall benchmark price was $569,200 in July, down 2.0% year over year and 0.6% from June, marking a second consecutive monthly decline. Detached prices have held up far better than the citywide figure suggests, while condominium prices have fallen more sharply, which is why the aggregate benchmark understates how differently the two segments are performing.
Why Is Calgary’s Condo Market So Different From Its Detached Market?
Calgary’s condo market is behaving very differently from its detached market because a multi-year wave of high-density construction is coming to a close just as the migration that had absorbed it slows down. Every property type recorded fewer sales in July than a year earlier, but the decline was sharpest in condos and townhomes, the segments most dependent on newcomers to the province. Detached homes, insulated by a more limited land supply, have kept selling quickly and holding their price even as the condo segment loosens into genuine buyer’s market territory.
Is Calgary Still More Affordable Than Toronto and Vancouver?
Calgary remains considerably more affordable than Toronto and Vancouver in 2026. Calgary’s benchmark price of $569,200 compares with $934,600 in the Greater Toronto Area and $1,088,800 in Metro Vancouver, a gap of several hundred thousand dollars on a comparable measure. That affordability advantage has been a major driver of interprovincial migration into Calgary over the past several years, even as that inflow has started to slow in 2026.
What Is Limiting Calgary Housing Demand in 2026?
Slowing migration into Alberta is the main factor limiting Calgary’s housing demand in 2026. Interprovincial and international migration has been the dominant driver of Calgary sales growth since 2022, and its easing is most evident in the condominium segment, where new supply is arriving just as fewer newcomers need it. Qualification is the second constraint, since the mortgage stress test still requires borrowers to qualify at a rate above the one they will actually pay.
Will Calgary Home Prices Keep Falling in 2026?
Calgary home prices are likely to keep easing modestly rather than fall sharply through the rest of 2026. The benchmark price has now declined for two straight months, but detached homes continue to hold value while only the condominium segment faces a genuine oversupply. With the Bank of Canada holding its policy rate at 2.25% since October, further declines are more likely to come from continued high-density completions than from a broader pullback in buyer demand.
Is It Cheaper to Rent or Buy in Calgary in 2026?
Renting is generally cheaper month-to-month than buying in Calgary in 2026, though the gap is narrower here than in Toronto or Vancouver, given Calgary’s comparatively low benchmark price. With condo prices softening and inventory building in that segment specifically, the calculation shifts by property type. A condo purchase may now compare more favourably to renting than it did a year ago. Which option costs less over time depends on how long it takes to save the down payment, how long you plan to stay, and the mortgage rate you qualify for.
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