Calgary Real Estate Market – October 2026
Calgary Market Update · Published November 2026 · Data: CREB® October 2026
Calgary recorded 1,592 home sales in October 2026, down 15% from October 2025, according to the Calgary Real Estate Board (CREB®). Inventory dropped to 6,173 homes, and the citywide benchmark price held at $564,200, just 0.4% lower than a year ago. Detached and semi-detached homes remain fairly balanced, while apartments and townhomes continue to favour buyers.
|
Benchmark Price
$564,200
↓ 0.4% Y/Y
|
Sales
1,592
↓ 15% Y/Y
|
|
Inventory
6,173
↓ 5% Y/Y
|
Months of Supply
3.88
↑ from 3.44 last October
|
Sales slow, but the drop is concentntrated in condoes and townhomes
October sales of 1,592 brought your-to-date sales to 17,878 nearly 11% below 2025. CREB notes that most of this year's decline came from resale apartment condominiums and row-styles homes. One bright spot: sale of homes price above $1.5 million have picked up, thought they till make up less thatn 4% of all activity.
New listings fell to 2,928 (down 9% year over year), and inventory eased from September in line with normal seasonal patterns. Months of supply sat just under four, with the higher readings coming mostly from the apartment and row segments.
“Supply choice in the new, rental and resale markets has taken much of the pressure off prices this year.”
— Ann-Marie Lurie, Chief Economist, CREB®
Lurie added that downward price pressure is mostly in the oversupplied higher-density segments, while detached and semi-detached prices have been more stable.
October 2026 at a glance by property type
| Property type | Benchmark price | Y/Y | Sales | Sales-to-new-listings | Months of supply |
|---|---|---|---|---|---|
| Detached | $735,100 | -0.7% | 847 | 56% | 3.34 |
| Semi-detached | $685,200 | +0.8% | 184 | 61% | 3.16 |
| Row / townhome | $407,500 | -5.1% | 241 | 50% | 4.44 |
| Apartment condo | $288,800 | -7.9% | 320 | 50% | 5.28 |
| Total residential | $564,200 | -0.4% | 1,592 | 54% | 3.88 |
Source: CREB® City of Calgary Monthly Statistics, October 2026. Y/Y compares to October 2025.
Detached
Detached sales fell to 847, nearly 16% below last October, but new listings also eased, keeping the sales-to-new-listings ratio at 56%. With 2,832 homes in inventory and just over three months of supply, the detached market stays relatively balanced. The benchmark price of $735,100 is less than 1% below a year ago.
Semi-detached
Semi-detached homes had the tightest conditions of any property type, with a 61% sales-to-new-listings ratio and months of supply dropping to about three. The benchmark price of $685,200 is nearly 1% higher than last year, and year-to-date prices are essentially stable.
Row / townhomes
Row sales came in at 241, and year-to-date sales are down more than 15%. Months of supply reached 4.44, and the $407,500 benchmark price is just over 5% lower than October 2025. The North East and East districts have seen the steepest year-to-date price declines in this segment.
Apartment condominiums
Apartments remain the most buyer-friendly segment. Inventory of 1,691 units pushed months of supply above five, and the $288,800 benchmark price is nearly 8% lower than last year. CREB reports apartment prices are now about 15% below their August 2024 peak.
Benchmark prices by Calgary district
Price trends continue to vary across the city. The West (+2.5%), City Centre (+1.8%) and South (+0.1%) districts posted year-over-year gains, while the East (-6.2%) and North East (-5.7%) saw the largest declines.
Airdrie, Cochrane, Okotoks and Chestermere
- Airdrie: benchmark price $502,500 (down 3.9% Y/Y), 113 sales and 4.08 months of supply. Year-to-date sales are down 13%.
- Cochrane: benchmark price $571,100 (down 1.9% Y/Y), 62 sales against 142 new listings. Months of supply climbed to 5.82, approaching six months for the first time since early 2020.
- Okotoks: benchmark price $600,100 (down 3.3% Y/Y), 45 sales and 137 homes in inventory. At 3.04 months, supply is the highest it has been this year but still relatively balanced.
- Chestermere: benchmark price $683,800 (down 3.5% Y/Y), 49 sales and 5.94 months of supply, with prices trending lower since July.
What this means for buyers and sellers
Buyers looking at condos and townhomes have more choice and more room to negotiate than they've had in several years, especially in districts with higher supply. Sellers of detached and semi-detached homes are still in a fairly balanced market, so pricing right from day one matters more than ever as we move into the slower winter months.
Every neighbourhood tells its own story, and citywide numbers don't always reflect what's happening on your street. If you'd like to know how October's numbers affect your home or your search, the Michael Smith Team is happy to walk you through it. Call 403-919-2247 or email Michael@mstrealty.ca.
Statistics and charts are from the Calgary Real Estate Board (CREB®) October 2026 media release and Monthly Statistics Packages, published November 2, 2026. Read the full release at creb.com. Michael Smith Team, Real Broker.
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