Calgary Detached Sales Rise, Condo Prices Ease (Sept 2026)
Calgary Housing Market Update: September 2026
The Calgary housing market held steady in September 2026, but conditions now depend heavily on property type. Calgary recorded 1,650 sales last month, about the same as August and nearly 4% below September 2025, according to the Calgary Real Estate Board (CREB). The citywide benchmark price was $566,700, down about 1% year over year.
According to Quynh Tran and Dominika Sliwinska of Q Real Estate Group in Calgary, the most important story this month is the split: detached homes remain balanced and saw sales rise more than 4% from last year, while apartments and row homes are firmly in buyer's market territory with year-over-year price declines of more than 8% and nearly 6% respectively.
Key takeaways: Calgary real estate, September 2026
Topic / Metric | Calgary context (CREB, September 2026) | Expert insight (Q Real Estate Group) |
Total sales | 1,650 units, similar to August, nearly 4% lower than September 2025 | Stronger detached sales offset the usual September slowdown |
Benchmark price (all residential) | $566,700, nearly 1% lower year over year | Seasonally adjusted prices were relatively stable from August |
Months of supply (overall) | Just under four months, unchanged from August | Supply is high relative to sales overall, but the citywide figure hides big differences by home type |
Detached | 896 sales, up over 4% year over year; benchmark $739,400, down about 1%; just over three months of supply | Balanced market; North West, West and South districts are tighter than the North East |
Semi-detached | Benchmark $685,200, comparable to last year; nearly four months of supply | Conditions loosened in September after a tighter year |
Row | Benchmark $412,400, down nearly 6% year over year; over four months of supply | Buyers have more choice, including competition from new builds |
Apartment condo | Benchmark $291,400, down more than 8% year over year; just over five months of supply | Clear buyer's market; sellers need sharp pricing and strong presentation |
Is Calgary a buyer's or seller's market right now?
It depends on the property type: detached homes are balanced, while apartments and row homes favour buyers. New listings rose from August, pushing the sales-to-new-listings ratio down to 49%. Because sales and inventory both held steady, months of supply stayed just under four months.
Why are apartments and row homes softer than detached homes?
The difference comes down to where new supply was added. CREB Chief Economist Ann-Marie Lurie explains that Calgary's construction boom over the past three years focused mainly on higher-density housing, which significantly increased the number of apartments and row homes. Detached homes did not see the same surge in construction.
A stronger job market and continued (though slower) net migration have kept demand solid. That demand has absorbed some of the new supply, but not enough to offset the added apartments and townhomes. The result is more pressure on prices for higher-density homes.
Are Calgary home prices dropping?
Prices are slightly lower than last year, with most of the decline in condos and townhomes. The unadjusted benchmark price of $566,700 is nearly 1% below September 2025. Some month-to-month softening is normal in the fall, and CREB notes that seasonally adjusted prices were relatively stable compared with August.
How did each property type perform in September 2026?
Detached homes in Calgary
Detached homes are the strongest segment of the Calgary market. Sales reached 896 units, up from August and more than 4% higher than last year. More new listings gave buyers additional options, which helped lift sales. With a sales-to-new-listings ratio of 52% and just over three months of supply, conditions remain balanced.
Conditions vary a lot by district. The North West, West and South districts each have less than three months of supply, while the North East has nearly six months. The detached benchmark price of $739,400 is about 1% lower than last year, mainly because of steep declines in the oversupplied North East. Detached prices rose year over year in the City Centre and West districts.
Semi-detached homes in Calgary
Semi-detached conditions loosened in September after a tighter 2026. Year-to-date sales total 1,678, down 2% from last year, matching a similar decline in new listings. A jump in September listings dropped the sales-to-new-listings ratio to 45% and pushed months of supply to nearly four. CREB notes it is too early to know whether this shift will continue into the final quarter. The benchmark price of $685,200 is comparable to last year.
Row homes and townhouses in Calgary
Row homes are seeing more competition from new construction. Sales eased from August while new listings rose, dropping the sales-to-new-listings ratio to 45%. Months of supply climbed above four for the first time since early 2026. Because new and resale row homes are priced relatively close together, new builds are drawing buyers away from resale.
The row benchmark price was $412,400, down nearly 6% from last year. Prices declined in every district. The North East and East saw the steepest drops, at more than 11%, while the North West saw the smallest, at 2%.
Apartment condos in Calgary
Calgary's condo market remains a buyer's market. There were 343 apartment sales and 717 new listings in September, a sales-to-new-listings ratio of 48%. Sales improved from August, which slowed the year-over-year decline to 14% and kept months of supply just above five.
The apartment benchmark price fell to $291,400, down more than 1% from August and more than 8% from last September. Some of the monthly decline is seasonal, but seasonally adjusted prices also continued to fall.
What's happening in Airdrie, Cochrane, Okotoks and Chestermere?
Community | Benchmark price (Sept. 2026) | Months of supply | What stands out |
Okotoks | $606,800 (stable year over year) | Just over two | Tightest of these four communities; sales-to-new-listings ratio of 76% |
Airdrie | $505,800 (down nearly 4% year over year) | Four | Year-to-date sales down 13%; competition from new homes and nearby markets |
Cochrane | Similar to last year | Five | Year-to-date sales up nearly 6%; new homes make up nearly 30% of listings |
Chestermere | $690,200 (similar to last year) | Just under six | Sales-to-new-listings ratio of 38%; significant new construction in the area |
Okotoks remains the tightest of the four. With 56 sales and 122 units in inventory, it has just over two months of supply. Prices are only 1% lower on a year-to-date basis.
Airdrie sales slowed across all property types in September. Inventory declined from August, but sales fell faster, raising months of supply to four. Higher-density homes saw the largest price declines.
Cochrane had 68 sales and 163 new listings in September, the lowest sales-to-new-listings ratio since January. Even so, prices improved compared with August.
Chestermere saw sales rise in September while inventory trended down, bringing months of supply back below six. Year-to-date prices are only 1% lower than last year.
What does the September 2026 market mean for you?
Is now a good time to buy in Calgary?
For many buyers, fall 2026 offers more choice, with overall supply near four months. Condo and townhome buyers in particular have room to compare options, take their time and negotiate. Detached buyers should expect a more balanced experience, though well-priced homes in the North West, West and South districts can still move quickly because supply there is tighter.
Should I sell my Calgary home this fall?
It depends on what you own and where it is. Detached sellers in tighter districts are still in a reasonable position. Condo and townhome sellers are competing with more resale listings and new builds, so pricing to the current market from day one matters more than ever. Quynh and Dominika recommend reviewing recent sales in your specific building or community rather than relying on citywide averages.
Moving to Calgary from Ontario or B.C.?
The same split applies to buyers relocating from other provinces. Apartments and townhomes offer more negotiating room right now, while detached homes in sought-after districts require more preparation. Alberta also has no provincial land transfer tax; buyers pay land titles registration fees instead, which can make closing costs noticeably lower than in Ontario or B.C.
Frequently asked questions
What is the average home price in Calgary in September 2026? CREB reports a total residential benchmark price of $566,700 for September 2026, nearly 1% lower than September 2025. The average sale price was $646,198, but the benchmark is the better guide because it tracks a typical home rather than the mix of homes that sold. Benchmark prices by type were $739,400 for detached, $685,200 for semi-detached, $412,400 for row homes and $291,400 for apartment condos.
How many homes sold in Calgary in September 2026? Calgary recorded 1,650 sales in September 2026, similar to August and nearly 4% fewer than in September 2025. Detached homes accounted for 896 of those sales.
Are Calgary condo prices going down? Yes. The apartment condo benchmark price was $291,400 in September 2026, more than 8% lower than a year earlier. CREB attributes the decline to excess supply from recent high-density construction and competition from the rental and new home markets.
Which Calgary districts have the tightest detached market? The North West, West and South districts each had less than three months of detached supply in September 2026. The North East had nearly six months, the highest in the city.
Does Alberta have a land transfer tax? No. Alberta does not charge a provincial land transfer tax. Buyers pay land titles registration fees for the property transfer and mortgage instead.
Talk to a Calgary real estate expert
Looking to buy, sell or invest in Calgary real estate? Reach out to Quynh Tran (Realtor® and Founder) and Dominika Sliwinska (Realtor®) at Q Real Estate Group, Real Broker. We're happy to walk you through what these numbers mean for your community, building or price range.
Quynh Tran: 416-897-0778, [email protected]
Dominika Sliwinska: 416-833-8886, [email protected]
Calgary office: 1816 Crowchild Trail NW #700, Calgary, AB T2M 3Y7, 587-907-5258
Source: Calgary Real Estate Board (CREB®), September 2026 Housing Market Report, released October 1, 2026, and the September 2026 City of Calgary monthly stats package. Benchmark prices are unadjusted unless otherwise noted.
