CREB®’s August report, released September 1, 2026, continued the trend of 2026: fewer sales and fewer new listings than last year, with a split by price range and property type.
Calgary, August 2026: benchmark price vs. August 2025
August 2026 at a glance
| City of Calgary, all homes | Aug 2025 | Aug 2026 | Change |
|---|---|---|---|
| Sales | 1,986 | 1,660 | −16.4% |
| New listings | 3,477 | 3,141 | −9.7% |
| Homes for sale (inventory) | 6,659 | 6,509 | −2.3% |
| Months of supply | 3.35 | 3.92 | +17.0% |
| Sales-to-new-listings ratio | 57% | 53% | −4 pts |
| Benchmark price | $576,000 | $569,800 | −1.1% |
| Average days on market | 38 | 41 | +3 days |
Sales were 1,660, down 16% from August 2025, and new listings fell nearly 10% to 3,141. Inventory eased to 6,509, lower than both July and last year, but slower sales pushed months of supply to nearly four. The total benchmark price of $569,800 was similar to July and 1% lower than last year.
The upper end is busier
Homes priced over $1,000,000 recorded more sales than last year, mostly detached and semi-detached homes, where supply has grown. “It also reflects longer-term confidence in our market,” said CREB’s Chief Economist Ann-Marie Lurie, while favourable rental conditions are slowing the move to ownership at the lower end.
By type of home
| Type of home | Sales | Benchmark price | vs. Aug 2025 | Months of supply |
|---|---|---|---|---|
| Detached | 875 | $744,300 | −1.1% | 3.4 |
| Semi-detached | 168 | $690,500 | +1.0% | 3.3 |
| Row | 284 | $415,200 | −5.4% | 3.9 |
| Apartment | 333 | $295,400 | −8.2% | 5.7 |
- Detached: 875 sales (−12%), over three months of supply and a $744,300 price, 1% lower than last year. The West and City Centre were up over 2%; the North East was down over 6%.
- Semi-detached: $690,500, nearly 1% higher than last year, supported by the City Centre, North West and West.
- Row: $415,200, 5% lower than last year, with declines from just over 1% in the North West to over 12% in the North East.
- Apartment: nearly six months of supply and a price of $295,400, 8% lower than last year and nearly 13% below the August 2024 peak of $341,300.
Two markets under one average
The headline numbers describe a market that is cooling slowly, but the gap between property types keeps widening. Detached and semi-detached homes are in relatively balanced conditions, so their prices have barely moved. Apartments and row homes, where most new supply was added, have seen steady price declines. CREB also notes that the drop in sales was concentrated below $1,000,000: detached sales in that range fell enough to pull total detached sales down 12%, even as more expensive homes sold better than last year.
Detached: tight in the west, loose in the north east
Months of supply for detached homes stayed below three in the North West (2.62), West (2.34), South (2.97) and South East (2.99), but rose above four in the North (4.10) and North East (5.36). Prices followed the same pattern: the West benchmark of $992,500 was 2.8% higher than last year and the City Centre’s $995,700 was 2.2% higher, while the North East fell 6.4% to $560,500.
Row homes: lower everywhere
Row home benchmark price by district, change from August 2025
Every district recorded a lower row benchmark than last year. The North East ($331,100) and East ($259,400) were both down more than 12%, and the North fell 9.2%. The North West held up best at −1.2%. CREB links the decline to new-home supply and more rental choice: year-to-date row sales are 15% lower than in 2025.
Apartments: two years of oversupply
Apartment sales are down 26% year to date. The City Centre had 834 apartments for sale and 7.58 months of supply, and the North East 9.69 months. CREB says the extra rental supply is reducing demand from both first-time buyers and investors.
What it means for buyers and sellers
- First-time buyers: this is a good time to compare condos and row homes. Prices are lower than a year ago and sellers have more competition, so ask for conditions and a price that reflects the comparables.
- Move-up buyers: if you sell a condo and buy a detached home, you sell into the weaker segment and buy in the stronger one. Plan the price gap carefully and consider selling first.
- Detached sellers in the west and south: supply below three months still favours you. Pricing correctly from day one is usually enough.
- Condo investors: with rents under pressure from new rental buildings, base your numbers on today’s rents, not last year’s.
