Calgary's market split in two in September. Detached homes held their value while condos and townhomes kept sliding. According to the Calgary Real Estate Board (CREB), the overall benchmark price was $566,700, down 0.8% from September 2025. That average hides very different stories depending on what you own or want to buy.
September 2026 by the numbers
Sales totalled 1,650, down 3.8% year over year. New listings fell 11.3% to 3,354, and inventory dropped 6.3% to 6,486 homes. Detached sales actually rose about 4%, to 896.
Why the split?
It comes down to where new supply landed. CREB's chief economist, Ann-Marie Lurie, points to a stronger job market and positive, if slower, migration. That demand has been enough to absorb detached supply, but not the wave of new apartments and townhomes built over the last two years. More choice in higher-density homes means more negotiating room for buyers in those segments.
Detached prices by area
Location matters more than the city-wide number suggests. Detached benchmark prices moved very differently across Calgary:
West Calgary: up 2.7% to $993,700
North Calgary: down 3.8% to $640,200
East Calgary: down 5.0% to $476,200, the most affordable area
Northeast Calgary: down 6.0% to $556,600, the largest decline
If you own in the west or the city centre, your home has likely held or gained value. If you're in the northeast or east, recent sales near you matter more than headlines. See what's selling in NW, NE, SE and SW Calgary, or find out what your neighbour sold for.
What this means if you're buying
Condo and townhome buyers have leverage. With prices down 5 to 8% year over year, there's room to negotiate on price, possession and conditions.
Do the homework on condos. A lower price can hide a weak reserve fund or an upcoming special assessment. Read the condo documents, and make your offer conditional on that review.
Detached is still competitive in the west. Get your financing fully reviewed before you shop, so your offer is ready when the right home comes up.
As a REALTOR® and licensed Mortgage Associate, I check both before you write an offer. Read why that matters, or start with the buyer resources and mortgage tools.
Lower prices only help if your financing holds on the specific property. As a REALTOR® and licensed Mortgage Associate, I check both before you write an offer. Start with the buyer resources and mortgage tools.
What this means if you're selling
Detached sellers: fewer new listings means less competition this fall. Price to recent sales on your street, not to last spring.
Condo and townhome sellers: price realistically from day one. In a market with more supply, an overpriced listing sits, and stale listings sell for less.
Judge offers on strength, not just price. A solid deposit and a realistic financing condition can beat a higher offer that falls apart.
Curious where your home sits? Get a free home evaluation based on actual comparable sales, or see the seller resources.
Quick answers
Are Calgary home prices dropping? Slightly overall: down 0.8% year over year in September 2026. Apartments (-8.3%) and row homes (-5.5%) account for most of the decline; detached prices are down 1%, and semi-detached are flat.
Is it a buyer's or seller's market in Calgary? It depends on property type. Detached homes remain relatively tight, while condos and townhomes give buyers more choice and negotiating room.
Where are detached prices rising in Calgary? West Calgary and the city centre were the only areas with year-over-year detached price gains in September 2026.
Let's talk about your situation
Every neighbourhood and property type is moving differently right now. Call or text me at 403-831-1242, or book a 30-minute call. For the monthly snapshot, see my Calgary market update.
Sources: CREB September 2026 housing statistics, as reported by The Canadian Press and Daily Hive.
Pete Chapman, REALTOR®, REMAX Innovations. Mortgage Associate, Dominion Lending Centres "Mortgages Are Marvellous".
