Benchmark price by property type
| Property type | Benchmark price | Year over year |
|---|---|---|
| Detached | $743,900 | −1.9% YoY |
| Semi-detached | $691,000 | about flat |
| Row / townhouse | $418,500 | −6% YoY |
| Apartment condo | $297,600 | −8% YoY |
How I read it
July is usually a quiet month, and this one was quieter than most: 1,904 sales, 9% off last July. What kept the market from sliding further was sellers stepping back — new listings dropped 15%, a bigger fall than sales.
The apartment segment is where the real adjustment is happening, and CREB put its finger on why. Ann-Marie Lurie pointed to several consecutive years of heavy construction — over 17,000 apartment-style units still under construction — colliding with a sudden drop in international migration. That is a supply shock meeting a demand shock, in the same segment, at the same time.
For anyone who owns a Calgary condo as an investment, that is the number to pay attention to. Those units will finish and need buyers or tenants. Rents have softened accordingly, which is good news if you rent and a headwind if you are a landlord deciding whether to hold.
Detached homes, meanwhile, moved less than 2% year over year. Calgary does not have one housing market; it has at least four, and they are heading in different directions.
If you're buying
- If you have been priced out of detached homes, the row and apartment segments have moved toward you by 6–8% in a year.
- Ask how many units in a new condo building are still unsold. It tells you what your resale competition looks like.
If you're selling
- Condo sellers: price against the new-build competition, not against what your neighbour got in 2024.
- Detached sellers in established south communities are in the strongest position in the city right now.
- Fewer new listings means less competition for a well-prepared home — a decent window if you have been on the fence.
Sources
Figures are as published by CREB® for July 2026 and describe the Calgary market as a whole. They are not an appraisal, and no single property follows the average. For what your own home is worth, ask me for a comparable-sales review.