Calgary Housing Market Outlook 2026
Calgary Prices Hold Steady as Detached Sales Improve
According to the Calgary Real Estate Board (CREB), Calgary recorded 1,650 sales in September 2026, down 3.9% from September 2025, while new listings fell 11.3% to 3,354. The benchmark price fell 0.8% year over year to $566,700.
- The average price rose 4.9% YoY to $646,198, and the median rose 2.5% YoY to $574,444, even as the benchmark price slipped 0.8% YoY.
- The sales-to-new-listings ratio (SNLR) climbed to 49.2% from 45.4% a year earlier because new listings dropped faster than sales.
- Inventory fell 6.3% YoY to 6,486 and months of supply eased to 3.93 from 4.03.
CREB’s September headline noted an improvement in detached home sales. A rising average price alongside a declining benchmark may reflect a shift toward higher-priced homes in the sales mix, as stronger detached home sales would suggest.
Connect with our nesto mortgage experts and compare mortgage rates in Calgary to see how a steady benchmark price and tighter inventory fit your homebuying plans.
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Calgary Housing Market Highlights
- The average selling price of a home in Calgary increased by 0.21% year-over-year to $569,200 in September 2026.
- The average selling price of a single-family home in Calgary decreased by 0.35% year-over-year to $679,600 in September 2026.
- The average selling price of a townhouse/multiplex in Calgary decreased by 2.55% year-over-year to $443,400 in September 2026.
- The average selling price of a condo in Calgary decreased by 5.92% year-over-year to $304,900 in September 2026.
- October 29, 2026: Today’s lowest mortgage rate in Calgary is 4.59% for a 5-year fixed.
Data from the Calgary Real Estate Association (CREB) indicates that the average price of resale residential homes sold across Calgary in September 2026 was $569,200, and it increased by 0.21% compared to a year ago.
CREB also reported a sales-to-new-listings ratio (SNLR) of 49.2%, indicating balanced market conditions in Calgary for September 2026.
| Calgary | Composite Price September 2026 | Composite Price August 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $679,600 | $683,500 | decreased by 0.35% | decreased by 0.57% |
| Townhouse/Multiplex | $443,400 | $445,200 | decreased by 2.55% | decreased by 0.40% |
| Condo / Apartments | $304,900 | $307,100 | decreased by 5.92% | decreased by 0.72% |
| Composite | $569,200 | $571,500 | increased by 0.21% | decreased by 0.40% |
Calgary Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Calgary was $569,200 for the month of September 2026, that’s decreased by 0.40% month-over-month. On a year-over-year basis, Calgary home prices have increased by 0.21%.
Composite Home Prices in Calgary
Monthly changes to Calgary’s composite home prices over the last 10 years.
Single-Family Home Prices
The average selling price of a single-family home in Calgary was $679,600 for the month of September 2026; that’s decreased by 0.57% month-over-month. On a year-over-year basis, single-family home prices in Calgary have decreased by 0.35%.
Single-Family Home Prices in Calgary
Monthly changes to Calgary’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Calgary was $443,400 for the month of September 2026; that’s decreased by 0.40% month-over-month. On a year-over-year basis, the price of a townhouse in Calgary has decreased by 2.55%.
Townhouse and Multiplex Prices in Calgary
Monthly changes to Calgary’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Calgary was $304,900 for the month of September 2026; that’s decreased by 0.72% month-over-month. On a year-over-year basis, the price of a condo in Calgary has decreased by 5.92%.
Condo Prices in Calgary
Monthly changes to Calgary’s condominium apartment home prices over the last 10 years.
Calgary Housing Market Conditions
Number of Home Sales
Calgary home sales were 1,650 during September 2026, that’s decreased by 0.60% month-over-month. On a year-over-year basis, home sale transactions in Calgary have decreased by 3.90%.
Home Sales Volume in Calgary
Calgary’s MLS home sale volume over the past 12 months.
New Listings
The number of new listings in Calgary was 3,354 during September 2026, that’s increased by 6.78% month-over-month. On a year-over-year basis, new listings in Calgary have decreased by 11.36%.
New Listings in Calgary
Calgary’s MLS new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Calgary was 49.2% during September 2026, indicating a balanced market. On a monthly basis, that’s decreased by 6.82% month-over-month. Calgary’s yearly sales-to-new-listings ratio has increased by 8.37%.
SNLR in Calgary
Monthly change in Calgary’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative 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% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Calgary
| Oct 2025 | balanced market |
| Nov 2025 | sellers market |
| Dec 2025 | sellers market |
| Jan 2026 | balanced market |
| Feb 2026 | balanced market |
| Mar 2026 | balanced market |
| Apr 2026 | balanced market |
| May 2026 | balanced market |
| Jun 2026 | — |
| Jul 2026 | balanced market |
| Aug 2026 | balanced market |
| Sep 2026 | balanced market |
SNLR — last 12 months
Monthly change in Calgary’s market conditions over the past 12 months.
Short-Term Composite Home Price Trends in Calgary
Monthly changes to Calgary’s composite home price over the last 12 months.
Calgary Market Rents Snapshot
The average rent in Calgary was $1,883 in September 2026 and has decreased by 3.14% year over year.
The average rent for a 1-bedroom apartment in Calgary was $1,508 for September 2026 and has decreased by 4.98% year over year.
The average rent for a 2-bedroom apartment in Calgary was $1,834 for September 2026 and has decreased by 4.73% year over year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,028 | $2,466 | $3,477 |
| 2 | Vancouver | $2,754 | $2,373 | $3,271 |
| 3 | Burnaby | $2,564 | $2,111 | $2,785 |
| 4 | Toronto | $2,556 | $2,220 | $2,937 |
| 5 | North York | $2,528 | $2,093 | $2,692 |
| 6 | Kanata | $2,501 | $2,265 | $2,691 |
| 7 | Coquitlam | $2,482 | $2,053 | $2,608 |
| 8 | Oakville | $2,460 | $2,165 | $2,703 |
| 9 | Etobicoke | $2,431 | $2,099 | $2,644 |
| 10 | Barrie | $2,397 | $2,148 | $2,552 |
| 11 | Burlington | $2,379 | $2,074 | $2,389 |
| 12 | Vaughan | $2,363 | $2,114 | $2,569 |
| 13 | Mississauga | $2,337 | $2,036 | $2,423 |
| 14 | Halifax | $2,324 | $2,002 | $2,508 |
| 15 | Brampton | $2,261 | $1,990 | $2,334 |
| 16 | Victoria | $2,253 | $1,987 | $2,632 |
| 17 | New Westminster | $2,241 | $1,881 | $2,734 |
| 18 | Langley | $2,239 | $1,868 | $2,426 |
| 19 | Surrey | $2,227 | $1,807 | $2,251 |
| 20 | Guelph | $2,225 | $1,961 | $2,292 |
| 21 | Ajax | $2,214 | $1,927 | $2,294 |
| 22 | Ottawa | $2,200 | $1,969 | $2,445 |
| 23 | Scarborough | $2,178 | $1,855 | $2,315 |
| 24 | Waterloo | $2,158 | $1,884 | $2,302 |
| 25 | Nanaimo | $2,157 | $1,897 | $2,261 |
| 26 | Kingston | $2,150 | $1,930 | $2,308 |
| 27 | Laval | $2,131 | $1,712 | $2,364 |
| 28 | Kelowna | $2,111 | $1,834 | $2,270 |
| 29 | Brossard | $2,083 | $1,790 | $2,190 |
| 30 | Cambridge | $2,055 | $1,863 | $2,143 |
| 31 | East York | $2,044 | $1,800 | $2,355 |
| 32 | Airdrie | $2,013 | $1,466 | $1,750 |
| 33 | Oshawa | $1,993 | $1,724 | $2,006 |
| 34 | Niagara Falls | $1,988 | $1,714 | $1,960 |
| 35 | Greater Sudbury | $1,982 | $1,745 | $2,076 |
| 36 | Montreal | $1,961 | $1,746 | $2,261 |
| 37 | Kamloops | $1,957 | $1,701 | $2,023 |
| 38 | Kitchener | $1,935 | $1,709 | $2,063 |
| 39 | Peterborough | $1,926 | $1,692 | $1,964 |
| 40 | Brantford | $1,923 | $1,780 | $2,033 |
| 41 | Hamilton | $1,910 | $1,657 | $2,130 |
| 42 | London | $1,897 | $1,628 | $1,998 |
| 43 | Calgary | $1,883 | $1,508 | $1,834 |
| 44 | St. Catharines | $1,830 | $1,518 | $1,959 |
| 45 | Welland | $1,792 | $1,540 | $1,920 |
| 46 | Gatineau | $1,769 | $1,625 | $1,810 |
| 47 | Côte Saint-Luc | $1,655 | $1,410 | $1,875 |
| 48 | Winnipeg | $1,653 | $1,435 | $1,764 |
| 49 | Windsor | $1,638 | $1,467 | $1,843 |
| 50 | Edmonton | $1,633 | $1,281 | $1,643 |
| 51 | Quebec City | $1,620 | $1,308 | $1,642 |
| 52 | Red Deer | $1,614 | $1,338 | $1,503 |
| 53 | Sarnia | $1,583 | $1,408 | $1,642 |
| 54 | Lethbridge | $1,573 | $1,355 | $1,558 |
| 55 | Saskatoon | $1,559 | $1,305 | $1,536 |
| 56 | Regina | $1,468 | $1,305 | $1,521 |
| 57 | Lloydminster | $1,392 | $1,108 | $1,422 |
| 58 | Fort McMurray | $1,386 | $1,147 | $1,372 |
| 59 | St. John's | $1,362 | $1,167 | $1,328 |
| 60 | Medicine Hat | $1,360 | $1,232 | $1,391 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| AB | $1,780 | $1,409 | $1,745 | $2,177 |
| BC | $2,231 | $1,904 | $2,355 | $2,850 |
| MB | $2,403 | $2,045 | $2,649 | $3,313 |
| ON | $1,649 | $1,428 | $1,751 | $2,008 |
| QC | $2,240 | $1,963 | $2,410 | $2,902 |
| SK | $1,933 | $1,694 | $2,144 | $2,558 |
| Atlantic Canada | $1,490 | $1,284 | $1,504 | $1,993 |
| Canada | $2,034 | $1,756 | $2,138 | $2,489 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| Apartment | $2,036 | $1,799 | $2,221 | $2,715 |
| Condominium | $2,052 | $1,844 | $2,161 | $2,769 |
| House/Townhouse | $2,016 | $1,311 | $1,732 | $2,299 |
| All | $2,034 | $1,756 | $2,138 | $2,489 |
How Does Renting Compare With Homeownership in Calgary?
Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $517 per month on nesto’s lowest adjustable 5-year rate at 3.66%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 29, 2026 and are subject to change. Canada’s policy rate is 2.50%, and nesto’s prime rate is 4.70%.
We're curious…
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 are balanced in 2026, with the sales-to-new-listings ratio (SNLR) at 49.2% in September, inside the 40% to 60% range for a balanced market. Months of supply eased to 3.93 from 4.03 a year earlier as inventory fell 6.3% year over year to 6,486, so buyers still have room to negotiate even though supply is tightening. Sales fell 3.9% year over year to 1,650, while new listings fell more sharply, 11.3% to 3,354.
Are Home Prices in Calgary Going Up or Down in 2026?
Home prices in Calgary are close to flat in 2026, with CREB’s benchmark price at $566,700 in September, down 0.8% year over year. The average sale price rose 4.9% to $646,198, and the median rose 2.5% to $574,444, but both move with the mix of homes sold in a month. Condos are the weakest segment, while single-family homes have held up best.
Why Is Calgary’s Average Price Up 4.9% While the Benchmark Is Nearly Flat?
Calgary’s average sale price rose 4.9% year over year to $646,198 in September while CREB’s benchmark price slipped 0.8% to $566,700, a gap that most likely reflects the mix of homes sold rather than broad appreciation. The average reflects whatever properties changed hands in a given month, so it can rise when more higher-priced detached homes trade relative to condos, and CREB’s September headline noted that detached home sales improved. The benchmark controls for that mix and tracks the value of a comparable property.
What Is the Weakest Property Type in Calgary?
Condominiums are Calgary’s weakest property type, with the CREA MLS Home Price Index (HPI) apartment benchmark at $304,900 in September, down 5.9% year over year. Townhouses fell 2.5% to $443,400, and single-family homes eased 0.4% to $679,600. That spread makes condos the clear outlier in a market where detached prices have barely moved.
Is It Cheaper to Rent or Buy in Calgary in 2026?
Rents in Calgary are falling faster than home prices in 2026, so renting looks relatively better than it did a year ago. Average asking rent in Calgary was $1,883 in September, down 3.1% year over year, with 1-bedroom rents at $1,508 (down 5.0%) and 2-bedroom rents at $1,834 (down 4.7%), while CREB’s benchmark price fell 0.8%. Over time, the cheaper option depends on how long it takes to save the down payment, how long you plan to stay and the mortgage rate you qualify for.
Why Choose nesto
At nesto, our commission-free mortgage experts are salaried and regulated, with most licensed in multiple provinces. They are evaluated on client satisfaction and the quality of their advice, and they help you compare mortgage options and understand rates and qualification requirements. Once you’re ready to move forward, they work with you on a mortgage strategy that fits your situation.
nesto pairs expert advice with a 100% digital, transparent and seamless process, and a dedicated mortgage professional supports you throughout your purchase, renewal or refinance.
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