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Calgary Splits Into a Two-Speed Market by Property Type

According to the Calgary Real Estate Board (CREB), citywide sales in June 2026 reached 2,197 units, about 4% below last June and just under the long-term average, largely due to a pullback in apartment condos, while the unadjusted benchmark price rose to $572,500.

• The overall benchmark price climbed month over month to $572,500 but sits about 2% below last June, with detached homes down just 1% to $750,500 and condos down 9% to $299,000.
• Citywide, months of supply sit at just over 3 months, but conditions vary sharply by type, from roughly 2.45 months for detached homes to about 5 months for condos.
• The citywide sales-to-new-listings ratio rose to 56%, with detached and semi-detached homes both clearing 60%, well above the condo segment’s softer pace.

CREB Chief Economist Ann-Marie Lurie points to easing migration weighing on higher-density demand, just as rising inventory across rental, resale, and preconstruction markets is concentrated in condos, producing genuine buyer’s market conditions there, while limited detached supply still supports record prices in some districts. RBC’s Robert Hogue notes Calgary’s HPI rose in July for the second time in three months, even as its condo benchmark remains down 9% year over year, while Rentals.ca reported the city’s steepest annual rent decline among the six largest markets at 5.6%.

Whether you’re drawn to Calgary’s tighter detached segment or its softer condo market, contact nesto mortgage experts and compare current mortgage rates in Calgary.

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Calgary Housing Market Highlights

• The average selling price of a home in Calgary decreased by 1.8% year-over-year to $573,000 in June.
• The average selling price of a single-family home in Calgary decreased by 1.8% year-over-year to $687,500 in June.
• The average selling price of a townhouse/multiplex in Calgary decreased by 3.6% year-over-year to $449,500 in June.
• The average selling price of a condo in Calgary decreased by 7.3% year-over-year to $312,300 in June.
• The average rent in Calgary is now $1,883 for June.
• July 20, 2026: Today’s lowest mortgage rate in Calgary is 4.09% 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 $573,000, and itdecreased of 1.8% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 51%, indicating Balanced market conditions in Calgary for June.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

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 Snapshot

The average rent in Calgary was $1,883 for the month of June.

The average rent for a 1-bedroom apartment in Calgary was $11,534 for the month of June, which decreased by 3.6% year over year.

The average rent for a 2-bedroom apartment in Calgary was $1,856 for the month of June, which decreased by 4.5% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms
1	North Vancouver	$2,983	$2,457	$3,363
2	Vancouver	$2,723	$2,392	$3,336
3	North York	$2,563	$2,154	$2,765
4	Kanata	$2,551	$2,282	$2,766
5	Toronto	$2,543	$2,213	$2,912
6	Burnaby	$2,522	$2,135	$2,766
7	Coquitlam	$2,504	$2,083	$2,687
8	Oakville	$2,438	$2,170	$2,657
9	Etobicoke	$2,427	$2,084	$2,629
10	Burlington	$2,381	$2,064	$2,470
11	Mississauga	$2,360	$2,056	$2,437
12	Halifax	$2,351	$2,051	$2,628
13	Langley	$2,285	$1,965	$2,439
14	Vaughan	$2,277	$2,028	$2,586
15	Victoria	$2,258	$1,999	$2,642
16	Brampton	$2,231	$1,962	$2,355
17	Ajax	$2,217	$1,834	$2,262
18	Scarborough	$2,210	$1,862	$2,292
19	Guelph	$2,193	$1,901	$2,276
20	Surrey	$2,187	$1,803	$2,239
21	Ottawa	$2,179	$1,956	$2,462
22	Barrie	$2,144	$1,874	$2,164
23	New Westminster	$2,132	$1,888	$2,640
24	Waterloo	$2,115	$1,918	$2,253
25	Kingston	$2,111	$1,875	$2,232
26	Kelowna	$2,110	$1,831	$2,241
27	Nanaimo	$2,102	$1,847	$2,313
28	Laval	$2,089	$1,726	$2,350
29	East York	$2,077	$1,829	$2,335
30	Cambridge	$2,075	$1,836	$2,141
31	Airdrie	$2,027	$1,477	$1,814
32	Peterborough	$2,000	$1,755	$1,968
33	Brossard	$1,987	$1,708	$2,246
34	Greater Sudbury	$1,980	$1,702	$2,140
35	Oshawa	$1,966	$1,740	$2,015
36	Montreal	$1,951	$1,780	$2,257
37	Kamloops	$1,949	$1,796	$2,034
38	Hamilton	$1,939	$1,680	$2,255
39	London	$1,932	$1,664	$2,068
40	Brantford	$1,923	$1,779	$2,029
41	Calgary	$1,886	$1,515	$1,853
42	Kitchener	$1,865	$1,662	$2,048
43	Niagara Falls	$1,861	$1,607	$1,976
44	St. Catharines	$1,827	$1,570	$1,904
45	Gatineau	$1,781	$1,593	$1,888
46	Welland	$1,762	$1,533	$1,937
47	Côte Saint-Luc	$1,705	$1,450	$1,971
48	Windsor	$1,702	$1,488	$1,921
49	Winnipeg	$1,678	$1,472	$1,770
50	Sarnia	$1,664	$1,477	$1,709
51	Edmonton	$1,610	$1,292	$1,632
52	Saskatoon	$1,544	$1,341	$1,561
53	Lethbridge	$1,534	$1,321	$1,543
54	Quebec City	$1,508	$1,292	$1,675
55	Red Deer	$1,508	$1,337	$1,499
56	Regina	$1,457	$1,309	$1,523
57	Fort McMurray	$1,413	$1,212	$1,443
58	Medicine Hat	$1,370	$1,238	$1,374
59	Lloydminster	$1,306	$1,026	$1,378
60	St. John's	$1,172	$1,061	$1,268

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

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 4.09% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Calgary Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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