How much house can you afford in Calgary?
Calgary’s average home price is $627,776 as of February 2026, up 2.4% year-over-year — though the benchmark has actually fallen to $560,500 (-4.4% YoY). With 3.2 months of supply, the market is balanced overall, with detached and semi-detached still in seller’s territory.
Calgary affordability by property type
Real Calgary data — February 2026:
| Property Type | Avg Price | YoY | Benchmark | Income Required (20% DP) |
|---|---|---|---|---|
| Apartment | $355,934 | +0.7% | $298,600 (-9.3%) | $87,506 |
| Row/Townhouse | $457,292 | -5.2% | $423,600 (-5.0%) | $107,025 |
| Semi-Detached | $672,176 | -6.6% | $682,200 (-0.4%) | $148,451 |
| All Types | $627,776 | +2.4% | $560,500 (-4.4%) | $139,895 |
| Detached | $807,186 | +0.3% | $734,300 (-3.2%) | $174,457 |
Income assumes 3.99% rate, 25-year amortization, 32% GDS, $354/mo tax, $150/mo heat.
| Segment | Months of Supply | Market Condition |
|---|---|---|
| Detached | 2.7 | Seller’s |
| Semi-Detached | 2.4 | Seller’s |
| Row/Townhouse | 3.3 | Balanced |
| Apartment | 4.6 | Balanced |
Detached homes remain in seller’s territory — a 2.7-month supply means competition, not negotiating power.
Calgary neighbourhood price ranges
| Area | Detached Price Range | Character |
|---|---|---|
| NE (Skyview, Cornerstone, Martindale) | $450,000–$650,000 | Most affordable, new communities |
| SW (Signal Hill) | From ~$550,000 | Mid-range suburban |
| NW (Tuscany, Arbour Lake, Royal Oak) | $600,000–$900,000 | Established, family-oriented |
| Inner City (Inglewood, Kensington) | $600,000–$1M+ | Character homes, condos from ~$250K |
| SW (Aspen Woods, Mount Royal) | $1,500,000+ | Premium, elite |
The $1M+ gap between NE detached ($450K–$650K) and premium SW ($1.5M+) shows how neighbourhood choice determines affordability.
The Alberta Advantage — no land transfer tax
Calgary’s biggest affordability edge isn’t just the lower prices — it’s closing costs:
| Cost | Calgary | Toronto | Vancouver |
|---|---|---|---|
| Home price (avg) | $627,776 | $1,008,968 | $1,206,180 |
| Transfer tax | ~$200 | ~$31,000 | ~$20,006 |
| PST on purchases | None (5% GST only) | 8% HST on new | 7% PST on new |
Alberta’s title transfer fee is approximately $50 + $2 per $5,000 of value — a few hundred dollars vs tens of thousands elsewhere.
Calgary vs other major cities
| City | Avg Price | Income Required | Transfer Tax |
|---|---|---|---|
| Edmonton | $448,761 | $105,383 | ~$200 |
| Calgary | $627,776 | $139,895 | ~$200 |
| Ottawa | $641,436 | $142,484 | ~$8,629 |
| Hamilton | $734,639 | $160,194 | ~$10,493 |
| Toronto | $1,008,968 | $213,376 | ~$31,000 |
| Vancouver | $1,206,180 | $230,944 | ~$20,006 |
Calgary requires $75,000 less income than Toronto and $90,000 less than Vancouver for the average home.
Calgary market conditions — February 2026
| Metric | Value |
|---|---|
| Average price | $627,776 (+2.4% YoY) |
| Median price | $565,000 (-0.3% YoY) |
| Benchmark | $560,500 (-4.4% YoY) |
| Total sales | 1,526 (-11.3% YoY) |
| Active inventory | 4,872 (+16.0% YoY) |
| Months of supply | 3.2 (+0.8 months YoY) |
| SNLR | 55% (-6 pp YoY) |
| Market condition | Balanced (Detached: Seller’s) |
See the Calgary housing market report for the latest.
Tips for Calgary homebuyers
- Detached is still competitive — 2.7 months supply means be prepared, especially in NW
- Apartments have softened — Benchmark down 9.3% YoY, best deals in this segment
- No LTT = $10K–$30K savings — Use the savings for a larger down payment
- NE for value — Detached from $450K, well below the $807K citywide average
- Median ($565K) vs average ($628K) — The typical home costs less than the average suggests
- Compare mortgage rates — Shop aggressively on a city with this much competition
Related calculators
- Calgary Mortgage Calculator — Estimate your monthly payment
- Alberta Mortgage Rates — Compare current rates
- Calgary Housing Market — Latest prices and trends
- Alberta Affordability — Provincial overview
- Edmonton Affordability — Compare with Edmonton