Calgary in September 2026
Calgary recorded 1,650 sales in September 2026, down 3.9% from September 2025, while new listings fell 11.3% to 3,354 and inventory eased 6.3% to 6,486. Sales fell by less than listings, so months of supply edged down to 3.93 — still just under four months. The total residential benchmark was $566,700, about 0.8% below 2025 levels and down from $569,800 in August.
Detached sales improved: 896 sales were up 4.4% on last September, while apartment sales fell 14.3% and row/townhouse sales 18.2%. Lower-density homes are close to balanced — detached sits at 3.31 months of supply and semi-detached at 3.67 — and their prices have held, with semi-detached up 0.1% year over year. Apartment-style homes are a different market, with 5.29 months of supply and a benchmark down 8.3%. Row and townhouse product sits between the two at 4.45 months.
The sales-to-new-listings ratio was 49.2% for the city overall, and 51.9% for detached homes — the strongest of the four property types — against 47.8% for apartments. Year to date, 16,291 sales are down 10.5% from the same period in 2025.
Benchmark Prices — September 2026
Calgary’s condo segment has been hit hardest — down 8.3% year over year and about 15% below its August 2024 peak. Detached and semi-detached homes are holding up better, with detached only off 0.95%. Townhouses are the middle story, down 5.5% as investor demand has waned in that segment.
| Property Type | Benchmark (HPI) | YoY | Sales | New Listings | Supply (mo) |
|---|---|---|---|---|---|
| Detached | $739,400 | ▼ 1.0% | 896 | 1,726 | 3.31 |
| Semi-Detached | $685,200 | ▲ 0.1% | 163 | 359 | 3.67 |
| Row / Townhouse | $412,400 | ▼ 5.5% | 248 | 552 | 4.45 |
| Apartment Condo | $291,400 | ▼ 8.3% | 343 | 717 | 5.29 |
Source: Calgary Real Estate Board (CREB), City of Calgary Monthly Stats Package, September 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 3.31 months of supply are balanced, though the picture varies by district: supply sits below three months in the North West (2.86), West (2.73) and South (2.75), and is highest in the North East at 5.61. That spread shows up in prices too, with year-over-year gains of 2.7% in the West and 0.7% in City Centre against a decline of 6.0% in the North East.
Apartments remain the exception, at 5.29 months of supply and 1,816 active units — that is where negotiating room exists. The apartment benchmark peaked in August 2024 at $341,300 and now sits about 15% below that. Row and townhouse product is closer to the middle at 4.45 months, with year-over-year declines ranging from 12.5% in the East and 11.9% in the North East to 2.0% 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 ($739,400 benchmark) costs less than a condo in Vancouver’s most expensive sub-markets. 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 5.29-month condo supply and 8.3% 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 — September 2026
Calgary is the most affordable rental market among Canada’s six largest. Average asking rents for apartments and condos were $1,823/month in September 2026, down 0.1% from August and 3.9% year over year, according to Rentals.ca. At $211 below the national average, Calgary remains a relative value for renters — particularly those priced out of Vancouver or Toronto. Three-bedroom rents fell 0.9% to $2,376, and shared accommodation fell 4.7% to $810.
Source: Rentals.ca October 2026 National Rent Report (September 2026 data), published October 7, 2026. View full Canadian rent report →