Calgary in August 2026
Calgary recorded 1,660 sales in August 2026, down 16% from August 2025, while new listings fell nearly 10% to 3,141. Both sides of the market have been trending down through 2026, but sales fell further, and months of supply pushed up to 3.92 — nearly four months. The total residential benchmark was $569,800, essentially unchanged from July and about 1% below 2025 levels.
The headline number hides a market splitting in two. Lower-density homes are close to balanced: detached sits at 3.39 months of supply and semi-detached at 3.30, and their prices have held — semi-detached is actually up 1% year over year. Apartment-style homes are a different market, with 5.68 months of supply and a benchmark down 8.2%. Row and townhouse sit between the two at 3.85 months.
CREB notes the pullback in sales has not been uniform across price ranges: homes above $1,000,000 recorded gains over last year, driven mostly by detached and semi-detached product, which is also where supply growth has been concentrated.
Benchmark Prices — August 2026
Calgary's condo segment has been hit hardest — down 8.4% year-over-year and 13% below its 2024 peak. Detached and semi-detached homes are holding up better, with detached only off 1.9%. Townhouses are the middle story, down 6.1% as investor demand has waned in that segment.
| Property Type | Benchmark (HPI) | YoY | Sales | New Listings | Supply (mo) |
|---|---|---|---|---|---|
| Detached | $744,300 | ▼ 1.1% | 875 | 1,635 | 3.39 |
| Semi-Detached | $690,500 | ▲ 1.0% | 168 | 302 | 3.30 |
| Row / Townhouse | $415,200 | ▼ 5.4% | 284 | 505 | 3.85 |
| Apartment Condo | $295,400 | ▼ 8.2% | 333 | 699 | 5.68 |
Source: Calgary Real Estate Board (CREB), City of Calgary Monthly Stats Package, August 2026. Benchmark prices use the MLS® Home Price Index. Sales, new listings and months of supply are CREB's published per-property-type figures and sum to the city totals shown above.
Supply and Demand Breakdown
Despite the year-over-year decline in sales, Calgary's overall market remains healthier than Vancouver or Toronto. Detached homes at 3.39 months of supply are balanced rather than seller-leaning now, though the picture varies sharply by district: supply sits below three months in the North West, West, South and South East, and above four months in the North and North East. That spread shows up in prices too, with year-over-year gains above 2% in the West and City Centre against declines of over 6% in the North East.
Apartments remain the exception, at 5.68 months of supply and 1,891 active units — that is where negotiating room exists. The apartment benchmark peaked in August 2024 at $341,300 and now sits nearly 13% below that. Row and townhouse product is closer to the middle at 3.85 months, with declines ranging from over 12% in the North East to just over 1% in the North West.
What's Driving Calgary's Market
Inter-provincial migration: Alberta continues to attract buyers from BC and Ontario seeking affordability. A detached home in Calgary ($744,300 benchmark) costs less than a condo in Vancouver. This demographic inflow provides a structural demand floor absent in markets where buyers cannot relocate.
No land transfer tax: Alberta levies no provincial land transfer tax — buyers pay only title insurance and registration fees of roughly $500–$800. This saves Calgary buyers $7,000–$15,000 compared to equivalent purchases in Ontario or BC, effectively lowering the total acquisition cost.
Energy sector employment: Oil and gas employment in Alberta remains relatively stable with WTI prices in the $70–$80 range. High-income energy workers provide support to the detached segment particularly in the southwest and northwest districts.
Condo oversupply: The 4.9-month condo supply and 8.4% year-over-year price decline reflects an overhang of investor-held units from the 2024 pre-construction boom. New condo completions hitting the market alongside slowing demand from immigration slowdowns have created excess inventory in the sub-$350K segment.
Calgary Rents — July 2026
Calgary is the most affordable rental market among Canada's four largest cities. Average asking rents were $1,828/month in July 2026, down 4.5% year-over-year but showing positive month-over-month momentum. At $209 below the national average, Calgary remains a relative value for renters — particularly those priced out of Vancouver or Toronto.
Source: Rentals.ca August 2026 National Rent Report. View full Canadian rent report →