Two markets in one city — detached homes recovering, condos down 9% on the year with more than five months of supply.
In May 2026, Calgary’s benchmark home price was $569,400 — up 0.3% from April, a fourth consecutive gain, and 3.2% below May 2025. Sales fell 15.7% year-over-year to 2,158 while inventory of 6,755 homes was essentially flat, up 0.2%. Supply was 3.1 months and a typical home took 34 days to sell. Apartment condos fell 9.1% year-over-year to $300,400 with 5.2 months of supply and 46 days on market, while detached homes were down only 2.4%.
May 2026 at a glance
Calgary in May 2026 was really two markets. Detached homes at $747,800 were down just 2.4% year-over-year with 2.5 months of supply and selling in 28 days. Apartment condos at $300,400 were down 9.1% with 5.2 months of supply and 46 days on market. The city-wide benchmark rose 0.3% to $569,400, a fourth consecutive monthly gain, but that single number describes neither of the markets underneath it.
Calgary prices over time
| Year | Benchmark price | Change on the year |
|---|---|---|
| 2014 | $459,500 | — |
| 2015 | $448,800 | ▼ -2.3% |
| 2016 | $434,100 | ▼ -3.3% |
| 2017 | $433,200 | ▼ -0.2% |
| 2018 | $424,600 | ▼ -2% |
| 2019 | $415,900 | ▼ -2% |
| 2020 | $421,300 | ▲ +1.3% |
| 2021 | $463,900 | ▲ +10.1% |
| 2022 | $518,800 | ▲ +11.8% |
| 2023 | $565,200 | ▲ +8.9% |
| 2024 | $582,100 | ▲ +3% |
| 2025 | $554,700 | ▼ -4.7% |
| 2026 (to May) | $569,400 | ▲ +2.7% |
Sales, listings and inventory
| Month | Sales | New listings | Inventory | Days on market | Benchmark |
|---|---|---|---|---|---|
| June 2025 | 2,284 | 4,223 | 6,944 | 33 | $584,600 |
| July 2025 | 2,096 | 3,911 | 6,919 | 37 | $581,100 |
| August 2025 | 1,986 | 3,477 | 6,659 | 38 | $576,000 |
| September 2025 | 1,716 | 3,782 | 6,919 | 42 | $571,400 |
| October 2025 | 1,879 | 3,232 | 6,472 | 43 | $566,200 |
| November 2025 | 1,547 | 2,251 | 5,587 | 49 | $559,000 |
| December 2025 | 1,123 | 1,219 | 3,873 | 53 | $554,700 |
| January 2026 | 1,233 | 2,785 | 4,395 | 54 | $553,400 |
| February 2026 | 1,523 | 2,766 | 4,829 | 42 | $559,400 |
| March 2026 | 1,877 | 3,408 | 5,404 | 35 | $564,500 |
| April 2026 | 2,101 | 3,828 | 5,974 | 35 | $567,700 |
| May 2026 | 2,158 | 4,225 | 6,755 | 34 | $569,400 |
The headline numbers
| Metric | May 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $569,400 | ▲ +0.3% | ▼ -3.2% |
| Sales | 2,158 | ▲ +2.7% | ▼ -15.7% |
| New listings | 4,225 | ▲ +10.4% | ▼ -12.7% |
| Inventory | 6,755 | ▲ +13.1% | ▲ +0.2% |
| Days on market | 34 | ▼ -1 day | ▲ +2 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt | Months of supply |
|---|---|---|---|---|---|
| Detached | $747,800 | ▼ -2.4% | 1,190 | 28 | 2.5 |
| Semi-detached | $688,000 | ▼ -0.9% | 216 | 36 | 2.7 |
| Row / townhouse | $422,900 | ▼ -6.4% | 350 | 38 | 3.4 |
| Apartment condo | $300,400 | ▼ -9.1% | 402 | 46 | 5.2 |
The widest split in the data
A 6.7 percentage point gap between detached and apartment condo annual price changes is the widest divergence anywhere in this dataset. In 2023, condos were outperforming detached homes by a similar margin in the opposite direction.
For buyers this makes the city-wide figure close to useless. Whether Calgary is cheap or expensive, recovering or still falling, depends entirely on which segment you are shopping in.
Why condos keep sliding
Three things are still working against the segment. Supply at 5.2 months means far more sellers than buyers. A large volume of apartment completions from the 2022–2024 construction cycle is still being absorbed. And the affordability pressure that drove buyers into condos between 2022 and 2024 has reversed, sending that demand back toward houses.
Condos are now about 12% below their August 2024 peak of $341,400. The benchmark at $300,400 is roughly where it stood in mid-2023.
What that means for value
A Calgary apartment condo at $300,400 against a detached home at $747,800 is the widest ratio in several years. For a first-time buyer, an investor, or anyone downsizing, that gap is the opportunity.
The caution is that a segment with 5.2 months of supply can keep drifting, and condo financing carries building-level considerations a house does not — reserve funds, special assessments, rental caps and insurance costs all matter to a lender. Buying well in that market means doing more homework, not less.
What this meant if you were buying
If you were buying a house, the market had largely normalised and waiting no longer offered much. Detached supply at 2.5 months and 28 days on market is a functioning, mildly competitive market.
If you were buying a condo, you still held the advantage — five months of supply, six-plus weeks on market, and prices below where they were three years ago. Use it on terms as well as price: inspection, financing condition, and a proper review of the condo documents before anything becomes firm.
Frequently asked questions
Condo prices at 2023 levels?
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Source: CREB, May 2026 (City of Calgary geography). Prices shown are benchmark (HPI) values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
