Calgary Real Estate Market Update November 2026: Prices Are Falling, But Not Everywhere

Calgary’s housing market continues to slow as we head toward the end of 2026, but not every type of home is experiencing the same conditions.

Some homeowners are seeing their property values hold relatively steady, while others are dealing with falling prices, fewer buyers, and longer selling times.

Apartment condos have been hit particularly hard, with prices down nearly 8% compared to last October. Townhouses are also under pressure, while detached and semi-detached homes have been much more resilient.

So what is actually happening in Calgary’s real estate market, and what does it mean if you’re thinking about buying or selling?

Let’s look at the October 2026 numbers.

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Prefer watching instead of reading? In my latest Calgary real estate market update, I break down the October 2026 numbers, explain what’s happening with home prices, and share my thoughts on where the market is heading.

What Do These Numbers Tell Us?

Calgary’s housing market is slowing, and buyers are gaining more negotiating power.

Sales dropped 15% compared to last October, while the number of homes available for sale fell by less than 5%. In other words, there are fewer buyers purchasing homes relative to the number of properties on the market.

This has pushed Calgary’s months of supply from 3.44 to 3.88. Essentially, that means it would take almost four months to sell every home currently listed at October’s sales pace, assuming no new listings were added.

For buyers, this generally means more time to compare properties and negotiate. For sellers, it means more competition and a greater need to price their homes correctly.

However, these conditions aren’t affecting every property type equally. Detached homes are holding up relatively well, while apartment condos and townhouses are facing considerably more pressure.

Calgary Home Prices: Some Are Holding Steady, Others Are Falling

Calgary’s overall benchmark home price was $564,200 in October, down just 0.4% compared with the same time last year.

However, that number hides some significant differences between property types.

Detached and semi-detached homes have held their value relatively well, while townhouses and apartment condos have experienced much larger price declines.

For example, the benchmark price of an apartment condo has fallen by nearly $25,000 compared with last October, while detached home prices have declined by just over $5,000.

These differences show why it’s important to look beyond Calgary’s overall housing statistics when determining what a property is worth.

Where Are Calgary Home Prices Rising and Falling?

Home prices are performing differently across Calgary. The West and City Centre districts have recorded modest gains, while the East and Northeast have experienced the largest declines.

Here’s how benchmark prices have changed over the past year.

What Does Calgary’s Slower Market Mean for Buyers and Sellers?

Calgary homes are taking longer to sell than they were a year ago. So far in 2026, the average time on the market has increased from 35 to 40 days, giving buyers more time to compare properties and make decisions.

However, selling times vary depending on the type of home.

For buyers: There’s generally less pressure to make quick decisions, particularly in the condo and townhouse markets. This creates opportunities to negotiate, compare recent sales, and complete proper due diligence. However, well priced homes in desirable locations can still attract competition.

For sellers: Pricing and presentation are more important than ever. Buyers have more options and are less willing to overlook poor condition or unrealistic asking prices. Homes that are priced correctly can still sell, while overpriced properties risk sitting on the market.

The bottom line is that homes are still selling in Calgary, but buyers are being more selective about which properties they’re willing to purchase and what they’re prepared to pay.

What’s Next for Calgary’s Housing Market?

As we head into winter, I expect Calgary’s housing market to experience its usual seasonal slowdown, with fewer sales and new listings.

The big question heading into 2027 is whether buyer demand will improve. If it remains weak, we could see further price declines, particularly in the condo and townhouse markets.

However, I don’t expect every neighbourhood or property type to perform the same way.

Thinking about buying or selling in Calgary? I’d be happy to help you understand your local market, what your home is worth, or where the best opportunities may be.

Feel free to get in touch to discuss your plans.