2026 property assessments: Calgary’s typical home value up 1%
The City sent more than 600,000 assessment notices. The median single residential value is $706,000, up from $697,000, while the median condo fell to $347,000.
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The City sent more than 600,000 assessment notices. The median single residential value is $706,000, up from $697,000, while the median condo fell to $347,000.
Sales fell 16% to 22,751 and new listings topped 40,000, moving Calgary from a seller's market to balanced conditions. Detached prices still rose 1%.
Calgary's rental supply grew at the fastest pace in decades, mostly in higher-end units.
The Bank still sees the rate at about the right level. It cut four times in 2025, by a full point.
That is $139,000 more than in 2024, on top of June's $1 million Legacy Grant.
For the typical home, the municipal tax rises about $4.50 a month. Housing gets $106 million.
More new homes are being listed on the resale market in Airdrie and Cochrane, CREB says.
Condo inventory set a November record with nearly six months of supply. Detached and semi-detached homes stayed balanced.
The budget also confirms the GST cut for first-time buyers of new homes, which is before Parliament in Bill C-4.
More rental supply and easing rents have cooled demand from first-time buyers and investors.
Airdrie prices have been trending down since April, while Cochrane remains up nearly 4% year to date.
Detached and semi-detached homes stayed balanced. Year-to-date sales were 20,082, down nearly 16%.