CREB®’s September report, released October 1, 2026, showed 1,650 sales, similar to August and nearly 4% lower than September 2025. Normally sales drop in September, but stronger detached sales prevented the usual seasonal pullback.
Calgary total residential benchmark price: 2026 vs 2025
September 2026 at a glance
| City of Calgary, all homes | Sep 2025 | Sep 2026 | Change |
|---|---|---|---|
| Sales | 1,716 | 1,650 | −3.8% |
| New listings | 3,782 | 3,354 | −11.3% |
| Homes for sale (inventory) | 6,919 | 6,486 | −6.3% |
| Months of supply | 4.03 | 3.93 | −2.5% |
| Sales-to-new-listings ratio | 45% | 49% | +4 pts |
| Benchmark price | $571,400 | $566,700 | −0.8% |
| Average days on market | 42 | 44 | +2 days |
New listings rose from August and the sales-to-new-listings ratio fell to 49%, keeping inventory stable and months of supply just under four. The unadjusted benchmark price was $566,700, nearly 1% lower than last year; CREB says seasonally adjusted prices were relatively stable compared with August.
“The construction boom over the past three years was mostly driven by gains in higher-density sectors, significantly increasing the supply of apartment and row-style homes,” said CREB’s Chief Economist Ann-Marie Lurie.
By type of home
| Type of home | Sales | Benchmark price | vs. Sep 2025 | Months of supply |
|---|---|---|---|---|
| Detached | 896 | $739,400 | −0.9% | 3.3 |
| Semi-detached | 163 | $685,200 | +0.1% | 3.7 |
| Row | 248 | $412,400 | −5.5% | 4.5 |
| Apartment | 343 | $291,400 | −8.3% | 5.3 |
- Detached: 896 sales, more than 4% higher than last year, a 52% ratio and just over three months of supply. Under three months in the North West, West and South; nearly six in the North East. Prices were higher than last year in the City Centre and West.
- Semi-detached: $685,200, comparable to last year; months of supply rose to nearly four.
- Row: supply above four months for the first time this year and a price of $412,400.
- Apartment: 343 sales and 717 new listings, just over five months of supply and a price of $291,400.
Note: CREB’s release text gives the annual declines for row and apartment homes the other way round. We use CREB’s statistics package: apartments −8.3% and row −5.5% year over year.
September compared with August
Month to month, the market barely moved. Sales went from 1,660 in August to 1,650, the benchmark price slipped from $569,800 to $566,700, and months of supply stayed at 3.92 and 3.93. The difference was in the mix: detached sales rose from 875 to 896 while row sales fell from 284 to 248. Homes also took a little longer to sell, with an average of 44 days on market compared with 42 a year earlier.
Detached prices: a tale of two halves of the city
Detached benchmark price by district, change from September 2025
The city-wide detached benchmark of $739,400 hides a wide spread. In the West district the benchmark reached $993,700, 2.7% higher than last year, and the City Centre was up 0.7% at $981,300. Both had tight supply: 2.73 and 3.50 months. At the other end, the North East benchmark was $556,600, 6.0% lower than last year, with 494 detached homes for sale and 5.61 months of supply. The East district (−5.0%) and the North (−3.8%) were also below last year. The North West, West and South districts all had less than three months of supply.
Condos and row homes: where buyers have the most room
Apartment prices were lower than last year in every district. The steepest drops were in the North East (−13.1%, $249,500) and the East (−13.1%, $209,800). The City Centre, the largest condo market, had 819 apartments for sale and 5.77 months of supply. For row homes, the North East (−11.9%) and East (−12.5%) were also weakest, while the North West held up best at −2.0%. CREB links this to new construction: competition from new units keeps the price gap between new and resale homes narrow.
What it means if you are buying
- Condo and row buyers have more choice and time than at any point in the past few years. With five months of supply in apartments, asking for conditions, a longer possession date or a lower price is reasonable.
- Detached buyers still face competition in the West, North West and South. Expect well-priced homes in those districts to sell quickly, and have your financing ready.
- The North East offers the lowest detached benchmark in the city, but also the most competition among sellers, which can mean better terms for buyers.
What it means if you are selling
- Price to the current market, not last year’s. In districts where prices are falling, an overpriced listing can sit for months.
- Fall is usually slower. CREB notes that much of the September dip was seasonal, so listing in October or November means fewer buyers but also fewer competing listings.
- If you are selling a condo or row home, compare your price with new units nearby: that is the competition buyers are weighing.
