House Prices in Calgary: Market Data and Trends for 2026

Current Calgary Housing Prices by Property Type

The Calgary housing market exhibits significant price variation depending on the type of property. For August 2026, the average selling price for a single-family detached home was $683,500, which decreased by 0.70% compared to August 2025. Townhouses had an average price of $445,200, reflecting a year-over-year decrease of 2.58%. The condominium apartment segment was the softest, with an average price of $307,100, marking a substantial 6.43% decline from the previous year. These figures illustrate a market where larger, detached homes are demonstrating more price resilience than attached and multi-unit properties. The overall composite benchmark price, which smooths out volatility by tracking a typical home, was $571,500 for the same period.

Detailed Monthly and Yearly Price Changes

Beyond the annual comparisons, monthly data reveals the short-term momentum within Calgary's housing segments. The composite benchmark price decreased by 0.24% from July to August 2026. The single-family home segment saw a month-over-month decline of 0.39%, while townhouse prices fell by 0.45% over the same one-month period. Condominium apartments experienced the most pronounced monthly drop, decreasing by 0.90% from July to August 2026. These monthly changes contribute to the broader annual trends and indicate ongoing price adjustments across the market. Sales activity also contracted on a monthly basis, with home sales in August 2026 down 12.72% from July, and new listings down 5.51% month-over-month. The sales-to-new-listings ratio also shifted on a monthly basis, decreasing by 7.69% from July to August 2026.

On a yearly basis, this key ratio has decreased by 8.33%, reflecting the overall cooling and rebalancing of the market. The consistent pattern across these metrics is one of moderated activity and slight price softening, moving away from the high-growth environment of previous years. This detailed monthly data is crucial for identifying whether a trend is accelerating, decelerating, or stabilizing. The data shows that Calgary recorded 1,660 sales in August 2026, which is down 16% from August 2025, with new listings down 10% to 3,141 for the same annual comparison. Prices, by contrast, have barely moved on an annual basis, making Calgary one of the most stable markets for home prices in the country.

Long-Term Price Appreciation and Recent Softening

Despite recent modest decreases, housing prices in Calgary remain substantially higher than their pre-pandemic levels. Comparing annual sale prices from 2025 to those in 2019 reveals significant long-term appreciation across all housing types. Detached homes have seen the largest gain, increasing by 52.3% over that six-year period. Semi-detached homes appreciated by 57.8%, while row and townhouse properties increased by 54.2%. Even the apartment segment, which has shown recent softness, recorded a 30.2% price increase from 2019 to 2025. This historical context is crucial for understanding that the current market softening follows an extended period of strong value growth, and prices remain well above their historical norms. The recent period of price softening, which began in 2024, has affected property types differently.

Data from the second quarter of 2026 shows the following year-over-year price changes by housing type. Detached homes appear to be the most resilient, with prices decreasing by only 1.0 percent. In comparison, apartment or multi-residential properties recorded a price decrease of 5.4 percent. Semi-detached properties had a price decrease of 4.9 percent, while row and townhouse homes had a decline of 2.7 percent.

• Detached homes: Prices decreased by 1.0%.
• Row and townhouse homes: Prices decreased by 2.7%.
• Semi-detached properties: Prices decreased by 4.9%.
• Apartment/multi-residential properties: Prices decreased by 5.4%.

This pattern confirms that detached homes are the most resilient segment, while attached and multi-unit properties are experiencing larger price corrections. The broad-based softening indicates a market-wide adjustment rather than an issue isolated to one specific property type. Sale prices shifted from a period of rapid appreciation to flattening or modest declines beginning in 2024. Year-over-year price comparisons indicate broad-based softening across the housing market.

Calgary Rental Market Conditions and Vacancy

The rental market in Calgary mirrors some of the segmentation observed in the ownership sector. In August 2026, the average rent for all properties was $1,885, representing a 3.78% decrease from the previous year. A one-bedroom apartment averaged $1,508, down 5.93%, while a two-bedroom apartment averaged $1,845, down 4.95%. The market is becoming increasingly segmented by unit type, with demand remaining strong for larger, family-oriented rental units. Townhouse and duplex rents increased by 1.0% year-over-year, and detached home rents rose sharply by 16.5%. In contrast, rental rates for smaller multi-residential properties and other units like basement suites have begun to decline, decreasing by 9.6% and 8.0% respectively. These trends suggest that demand for larger rental units remains strong, while recent increases in supply in smaller units may be contributing to reduced rental costs for smaller homes.

The vacancy rate has been rising, moving from 4.6 percent in 2024 to 5.1 percent in 2025. This increase is more pronounced in higher-priced rental segments, with the highest rent quartile seeing a vacancy rate of 6.7 percent in 2025 compared to 4.4 percent in the lowest rent quartile. The Canada Mortgage and Housing Corporation projects vacancy rates to rise further in the coming years. CMHC anticipates a small increase and then a stabilization of vacancy rates, with projections of 5.7 percent in 2026, 6.2 percent in 2027, and 5.9 percent in 2028 in the Calgary Census Metropolitan Area.

• 2026 Projected Vacancy Rate: 5.7%
• 2027 Projected Vacancy Rate: 6.2%
• 2028 Projected Vacancy Rate: 5.9%

This projected increase in vacancy, particularly the peak in 2027, is expected to continue applying downward pressure on rental prices, particularly for smaller units. The data sourced from CMHC's Rental Market Survey and Housing Market Outlook report provides a forward-looking view of rental supply and demand dynamics. CMHC anticipates a small increase and then a stabilization of vacancy rates. These projections indicate a period of increased rental supply relative to demand.

Key Factors Influencing Calgary's Housing Market

Several demographic and economic factors are shaping the current Calgary housing landscape. Population growth, while still positive, has slowed considerably. The city's population is estimated to increase by 34,000 new residents in 2026, a notable slowdown from the increase of 53,000 between 2024 and 2025 and the surge of 88,000 between 2023 and 2024. This deceleration in population growth contributes to moderating housing demand. Furthermore, the broader economic environment, including the Bank of Canada's policy interest rate which was maintained at 2.25%, influences mortgage costs and buyer purchasing power. The combination of these factors has led to the current balanced market conditions where price growth has stalled and sales activity has cooled from its previous highs. Reviewing market data and trends such as median home prices, new housing starts, and demographics provides insight into the factors shaping Calgary’s housing market.

The recent trends suggest that demand for larger rental units remains strong, while recent increases in supply in smaller units may be contributing to reduced rental costs for smaller homes. This segmentation, where different property types and price points experience divergent trends, is a defining characteristic of the current Calgary real estate environment. Calgary offers something rare right now: a market where buyers have gained negotiating room without prices eroding underneath them. This is a distinct outcome of the balanced conditions and stable pricing.

Understanding Market Conditions and the SNLR

The sales-to-new-listings ratio is a critical metric for gauging market temperature and predicting price direction. This ratio is calculated by dividing the number of sales in a month by the number of new listings that came onto the market that same month. In Calgary for August 2026, with 1,660 sales and 3,141 new listings, the SNLR was 52.8%. An SNLR below 40% indicates a buyer's market, where supply exceeds demand and buyers have greater negotiating power. A ratio between 40% and 60% signifies a balanced market, which is Calgary's current state. An SNLR consistently above 60% indicates a seller's market, characterized by high demand relative to supply and upward pressure on prices. Monitoring this ratio helps participants understand whether market conditions favour buyers, sellers, or are in equilibrium.

The SNLR can be tracked over time to observe shifts in market momentum. The monthly change in Calgary's sales-to-new-listings ratio over the past 12 months shows the market's transition. Key thresholds defined by industry analysts are as follows. An SNLR below 40 percent indicates a buyer's market, where buyers hold the upper hand and greater negotiating power. An SNLR between 40 percent and 60 percent indicates a balanced market, while an SNLR over 60 percent indicates a seller's market.

• Buyer's Market: SNLR below 40%.
• Balanced Market: SNLR between 40% and 60%.
• Seller's Market: SNLR over 60%.

Calgary's SNLR of 52.8 percent in August 2026 sits firmly in the middle of the balanced range. This balanced condition, where buyers have gained some negotiating room without prices eroding significantly, is described as something rare in the current national context. It makes Calgary one of the most stable markets for home prices in the country. The sales-to-new-listings ratio measures home sales relative to new listings. Its current level indicates a market where neither party holds a decisive upper hand.

Common Data Points and Their Meanings

When reviewing Calgary housing market reports, several key statistics are regularly published. The average sold price is the arithmetic mean of all homes sold in a period, but it can be skewed by a few very high or low sales. The benchmark price, often published by the Calgary Real Estate Board, attempts to track the price of a typical home by controlling for size and quality, providing a better measure of pure price change. Sales volume refers to the total number of properties sold, while new listings count the number of fresh properties entering the MLS system. Understanding the distinction between these metrics provides a clearer picture of market health beyond a single headline price figure.

Data on the Calgary housing market typically refers to the municipality of Calgary only, unless otherwise specified. Sources for this data are varied and authoritative. The primary sources for the statistics cited in this guide include the Calgary Real Estate Board and the Canada Mortgage and Housing Corporation. The Canadian Real Estate Association also provides data, noting that the average price of a Calgary home was $418,400 in December of 2023.

• Calgary Real Estate Board (CREB) for sales, listings, and benchmark prices.
• Canada Mortgage and Housing Corporation (CMHC) for rental vacancy projections and market outlooks.
• RentFaster for average rental rate data.
• Corporate Economics for population estimates.

These organizations provide the foundational data that analysts use to describe trends such as the shift from rapid appreciation to flattening or modest declines that began in 2024. By understanding the source and definition of each metric, consumers can more accurately interpret market reports and make informed decisions. The Canadian Real Estate Association also provides data, noting that the average price of a Calgary home was $418,400 in December of 2023. This represents an increase from earlier periods and provides a longer-term data point for comparison.

Comparing Calgary to Other Canadian Rental Markets

While this guide focuses on Calgary's ownership market, rental costs provide important context for the overall housing environment. Calgary's average rent of $1,885 in August 2026 positions it below many other major Canadian cities. For comparison, national data shows that the highest average rents in Canada for August 2026 were in cities like North Vancouver at $3,036, Vancouver at $2,729, Oakville at $2,695, and Toronto at $2,571. Calgary did not appear in the top tier of the listed cities, which included places like Halifax at $2,365 and Ottawa at $2,200. This relative affordability in the rental sector can influence migration decisions and demand for ownership, as individuals and families compare housing costs across the country.

The following table shows a selection of Canadian cities and their average total rents for August 2026, illustrating Calgary's position. The average rent in Calgary was $1,885 in August 2026. This has decreased by 3.78 percent year over year. In comparison, the average rent in Vancouver was $2,729 and in Toronto was $2,571 for the same period.

This comparative affordability, coupled with Calgary's balanced sales market and stable prices, contributes to the city's overall housing profile. The decrease in Calgary's average rent by 3.78 percent year-over-year contrasts with the sustained high costs in many other urban centres. This potentially affects inter-city migration flows and long-term demand dynamics. The average rent in Calgary has decreased by 3.78 percent year over year, which is a more significant decline than seen in many of the more expensive cities listed in the national ranking.

Frequently asked questions

Sources and further reading

1. Calgary Housing Market | 2026 Home Prices nesto.ca
2. Housing trends calgary.ca

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