Local Housing Market Shifts
Calgary's real estate market is experiencing significant changes across multiple property types, with new construction slowing while resale inventory increases. Prices are adjusting downward in several sectors, particularly detached homes and apartments, as supply pressures mount against softening demand.
Calgary rents are softening. Vacancy went from 1.4% in 2023 to around 5% now.
Northeast Calgary detached homes fall 6% as buyers gain leverage in resale market
The northeast saw the steepest price drop in the city, while apartments took the biggest hit across all property types at 8.3% year-over-year.
Calgary home prices reality check
Home prices down across Calgary in September
Calgary housing starts fall 20% as rental construction dominates local market
Construction shifts toward purpose-built rentals while detached-home sales slide, threatening future homeownership supply despite gains...
SE Calgary home prices trailing assessed values by 3.3 per cent this quarter
Calgary's house prices fall as Okotoks and High River lead regional slide
Benchmark prices dropped 1.8% year-over-year in Okotoks to $608,400 in August, with detached homes falling even steeper across the region.
Calgary home sales fall 16% in August as prices decline across most property types
Only 1,660 homes changed hands last month, with the benchmark price dropping to $569,800. Apartment-style homes saw the steepest decline...
Calgary homes selling below list price
Some Calgary homes getting harder to sell and finance
New multi-family sales in Calgary hit lowest levels since 2022 as market cools
Just 641 apartment and townhome sales occurred in the second quarter of 2026, down 23% year-over-year, with outer south Calgary...
