This page has been updated with data released in August 2026 for the July 2026 period (source: CREB).
- Home sales in Calgary were 1,904 in July 2026 (9.16% year-over-year decline)
- Average home price $629,855 (+2.04% year-over-year)
- Benchmark price $569,200 (-2.05% year-over-year)
- Median home price $570,050 (+0.05% year-over-year)
- New listings of 3,323 (15.03% year-over-year decline)
- Inventory of 6,626 (4.23% year-over-year decline)
- Months of supply 3.48 (up from 3.30 a year ago)
- Sales-to-new-listings ratio 57.3%
- Lowest mortgage rate in Calgary
Average home prices in Calgary
The overall average home price in Calgary is $629,855 across all home types. These are the average home prices in Calgary by home type:
| Home Type | Home Price | Y/Y Change | M/M Change |
|---|---|---|---|
| All Residential | $629,855 | +2.04% | N/A |
| Detached | $799,229 | -0.2% | N/A |
| Semi-Detached | $666,531 | -3.85% | N/A |
| Row & Townhouse | $426,916 | -5.92% | N/A |
| Apartment | $334,200 | -1.01% | N/A |
Median home prices in Calgary
The median home price in Calgary is $570,050. These are the median home prices in Calgary by home type:
| Home Type | Home Price | Y/Y Change |
|---|---|---|
| All Residential | $570,050 | +0.05% |
| Detached | $688,500 | -2.34% |
| Semi-Detached | $567,500 | -6.2% |
| Row & Townhouse | $403,100 | -7.31% |
| Apartment | $290,000 | -6.45% |
Benchmark home prices in Calgary
The benchmark home price looks to provide a home price based on the price of a typical home within Calgary. These are the benchmark home prices in Calgary for each home type:
| Home Type | Home Price | Y/Y Change | Months of Supply |
|---|---|---|---|
| All Residential | $569,200 | -2.05% | 3.48 |
| Detached | $743,900 | -1.87% | 2.9 |
| Semi-Detached | $691,000 | -0.3% | 2.89 |
| Row & Townhouse | $418,500 | -6.1% | 3.9 |
| Apartment | $297,600 | -8.37% | 4.9 |
How much income would it take to afford a home in Calgary?
This table shows the income needed to afford a home based on the average home price in Calgary:
| Home Type | Home Price | Mortgage | Income Required |
|---|---|---|---|
| All Residential | $629,855 | $503,884 | $140,245 |
| Detached | $799,229 | $639,383 | $172,876 |
| Semi-Detached | $666,531 | $533,225 | $147,311 |
| Row & Townhouse | $426,916 | $341,533 | $101,148 |
| Apartment | $334,200 | $267,360 | $83,286 |
For the calculation of income to afford a home in Calgary we used the following as inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 4.04%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4250 per year)
- Heating costs of $150 per month ($1800 per year)
Calgary market metrics
Key market indicators for Calgary as of July 2026:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 1,904 | -9.16% |
| New Listings | 3,323 | -15.03% |
| Active Listings | 6,626 | -4.23% |
| Average Days on Market | 40 | +3 days |
| Sales-to-New-Listings Ratio | 57.3% | +3.71 pp |
| Months of Supply | 3.48 | N/A |
| Sale-to-List Price Ratio | 97.69% | -0.35 pp |
Calgary’s months of supply loosened slightly to 3.48 in July 2026, up from 3.30 a year earlier, as new listings fell faster (-15.03% YoY) than sales (-9.16% YoY) tightened the ratio only modestly. Detached and semi-detached homes remain the tightest segments at 2.9 months of supply each, while apartment condominiums sit at 4.9 months — clearly the segment absorbing most of the year’s price declines, with the benchmark down 8.37% year-over-year versus a 2.05% decline for the market overall.
Affordability comparison: Calgary vs. Toronto and Vancouver
One of Calgary’s strongest draws is its relative affordability compared to Canada’s two most expensive markets:
| City | Average Home Price | Income Required |
|---|---|---|
| Toronto (GTA) | $1,017,796 | $214,919 |
| Vancouver (GVA) | $1,206,180 | $251,218 |
| Calgary | $641,844 | $142,541 |
A Calgary household needs roughly $75,000–$110,000 less annual income to afford an average home compared to Toronto or Vancouver. With the average household income in Calgary among the highest in Canada at $168,400, the typical Calgary household can comfortably afford the average home. When Alberta’s lack of provincial sales tax is factored in, the effective cost-of-living advantage is even greater.
Key trends in the Calgary housing market
Market moderation continues
Calgary’s housing market has shifted from the extremely tight seller’s conditions of 2023–2024 toward more balanced territory, though March 2026 data shows the market tightening again. Overall months of supply fell to 2.9 (seller’s market), driven by a sharper drop in new listings (-15% YoY) than in sales (-12.9% YoY). Benchmark prices remain down 4.2% year-over-year overall, with the apartment segment (-9.3%) seeing the largest correction. Detached and semi-detached homes continue to outperform at 2.2 and 2.5 months of supply respectively.
Interprovincial migration
Calgary has been one of the top destinations for interprovincial migration in Canada. Thousands of residents from Ontario and British Columbia have relocated to Alberta, drawn by lower housing costs, the absence of provincial sales tax, and a strong job market. While Alberta still leads in net interprovincial migration, the pace has moderated somewhat, which is contributing to easing demand.
Energy sector influence
Calgary’s economy and housing market remain closely tied to the oil and gas sector. While the city has diversified into technology, logistics, and financial services, energy prices still influence employment, population growth, and housing demand.
Trade uncertainty
Ongoing trade tensions between Canada and the United States are weighing on business confidence and consumer sentiment across Western Canada. This uncertainty, combined with the moderation in migration flows, has contributed to the pullback in sales activity compared to year-ago levels.
Notable areas in Calgary
Calgary is typically divided into four quadrants, each with its own character and pricing:
- Northwest (NW) — Includes established communities like Tuscany, Arbour Lake, and Royal Oak. Popular with families for proximity to the mountains and Nose Hill Park. Detached home prices generally range from $600,000 to $900,000.
- Southwest (SW) — Home to some of Calgary’s most prestigious neighbourhoods including Aspen Woods, Signal Hill, and Mount Royal. Detached homes in elite areas can exceed $1.5 million, while more accessible communities offer options from $550,000.
- Northeast (NE) — Generally the most affordable quadrant for detached homes, with communities like Skyview Ranch, Cornerstone, and Martindale. Detached homes often range from $450,000 to $650,000.
- Southeast (SE) — A mix of established and newer communities including Auburn Bay, New Brighton, and McKenzie Towne. Moderate pricing with many family-oriented master-planned communities.
- Inner City — Neighbourhoods like Inglewood, Kensington, Bridgeland, and Mission offer walkable urban living with a mix of condos, townhouses, and character homes. Condo prices start around $250,000, while detached homes can range from $600,000 to well over $1 million.
The Alberta advantage for homebuyers
Alberta offers several financial advantages for homebuyers:
- No provincial sales tax — Alberta is the only province with no PST or HST beyond the federal GST (5%). This means lower costs on goods and services, though new homes are subject to GST.
- No land transfer tax — Unlike Ontario, BC, and Quebec, Alberta does not charge a land transfer tax. Instead, buyers pay a nominal title transfer fee (approximately $50 plus $2 per $5,000 of property value), which is typically only a few hundred dollars.
- Competitive property taxes — Calgary’s residential property tax rate is generally competitive with other major Canadian cities.
These factors combined can save buyers tens of thousands of dollars compared to purchasing a similar home in Toronto or Vancouver. Use our land transfer tax calculator to compare transfer costs across provinces.
Related Calgary housing calculators
Planning to buy in Calgary? These tools can help:
- Mortgage Calculator — Estimate monthly payments on a Calgary home
- Mortgage Affordability Calculator — Determine how much home you can afford
- Income to Afford Home Calculator — Salary needed at Calgary price points
- Closing Costs Calculator — Estimate total purchase costs (lower in Alberta)
- Mortgage Insurance Calculator — CMHC premiums for down payments under 20%
- Mortgage Stress Test Calculator — Check your qualification
- Mortgage Rates — Current mortgage rates in Alberta
More housing market reports
- Alberta Housing Market — Provincial overview including all Alberta regions
- Edmonton Housing Market — Alberta’s capital, ~27% lower average prices
- Vancouver Housing Market — BC’s largest market for comparison
- Toronto Housing Market — Canada’s largest market for comparison
- Canada Housing Market Overview — National trends, prices, and provincial comparisons
- First-Time Home Buyer Guide — Programs, incentives, and step-by-step buying process
Data Sources
The housing market data in this report is sourced from: