What’s Happening in the Calgary Housing Market?
The average residential sale price in the Calgary housing market decreased by 2.1 per cent across all property types between 2025 and 2026, declining from $584,780 to $572,500. The number of sales decreased by 11 per cent over the same period, from 12,463 to 11,092. The number of listings decreased by 8 per cent, from 22,730 to 20,912. Looking ahead, average 2026 sale prices are expected to decline by approximately five per cent below 2025 levels, while the number of sales is expected to decline by about 12 per cent.
Calgary is experiencing different conditions by property type. Detached and semi-detached homes are generally balanced, with relatively stable prices, while apartments and condominiums are firmly in a buyer’s market. Condominium inventory is high relative to long-term trends of declining prices, with the north and northeast quadrants particularly favourable to buyers. Condominium sales are down 26 per cent, while average condominium prices have declined by 8 per cent.
Home prices remaining too high relative to buyer incomes is the biggest barrier for first-time buyers. Buyers are least willing to compromise on property type, and the traditional move-up path of purchasing a condominium first is viewed less favourably than in the past.
According to Doug Koop, Broker/Owner of REMAX Realty Professionals in Calgary, the GST rebate has had minimal impact because the applicable price ceiling excludes most detached homes, while the partial benefit available for some lower-priced townhomes is not viewed as meaningful. Conversations with buyers have changed very little, with the rebate applying primarily to condominiums that fit the program’s price parameters.
The Calgary condominium market is oversupplied, and prices are therefore declining. Investor activity has also pulled back, given the large volume of new condominiums that have entered both the ownership and rental markets with limited demand.
According to Doug, the foreign buyer ban has negatively affected the condominium market. The market is oversupplied, and prices are subsequently falling. There are currently 17,000 new condominium units under construction. Investors have also pulled back from the condominium rental market as large volumes of new units have entered the market despite limited demand.
Frequently Asked Questions
How have home prices changed in Calgary?
The average residential sale price in Calgary decreased by 2.1 per cent across all property types between 2025 and 2026, declining from $584,780 to $572,500.
How have sales and listings changed in Calgary?
The number of sales decreased by 11 per cent, from 12,463 to 11,092, while the number of listings decreased by 8 per cent, from 22,730 to 20,912.
What is expected for Calgary home prices in 2026?
Average 2026 sale prices are expected to decline by approximately 5 per cent below 2025 levels.
What is expected for home sales in Calgary in 2026?
The number of sales is projected to decline by about 12 per cent.
What type of housing market is Calgary experiencing?
Calgary is experiencing different conditions by property type. Detached and semi-detached homes are generally balanced, with relatively stable prices, while apartments and condominiums are firmly in a buyer’s market.
What is happening in Calgary's condominium market?
Condominium inventory is high relative to long-term trends of declining prices, with the north and northeast quadrants particularly favourable to buyers. Condominium sales are down 26 per cent, while average condominium prices have declined by 8 per cent.
What is the biggest barrier for first-time buyers?
Home prices remaining too high relative to buyer incomes is the biggest barrier for first-time buyers.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on property type, and the traditional move-up path of purchasing a condominium first is viewed less favourably than in the past.
How is the GST rebate affecting the Calgary housing market?
According to Doug Koop, Broker/Owner of REMAX Realty Professionals in Calgary, the GST rebate has had minimal impact because the applicable price ceiling excludes most detached homes. Conversations with buyers have changed very little, with the rebate applying primarily to condominiums that fit the program’s price parameters.
Why are condominium prices declining in Calgary?
The Calgary condominium market is oversupplied, and prices are therefore declining. Investor activity has also pulled back, given the large volume of new condominiums that have entered both the ownership and rental markets with limited demand.
How has the foreign buyer ban affected Calgary's condominium market?
According to Doug Koop, the foreign buyer ban has negatively affected the condominium market. The market is oversupplied, prices are falling, and there are currently 17,000 new condominium units under construction. Investor activity has also declined as large volumes of new units have entered the market despite limited demand.
