Calgary Housing Market Update: August 2026
Prices steadied while sales slowed into the late-summer lull — the real story for buyers is more time and more room to negotiate, especially in condos.
In August 2026, Calgary’s benchmark home price was $569,800 — essentially flat from July (up 0.1%) and down about 1% from a year ago. Sales slowed to 1,660 (down roughly 16% from last August) in the usual late-summer lull, homes took about 41 days to sell, and the market sat at 3.9 months of supply — still balanced overall. Detached homes are holding value best; apartment condos, down more than 8% year-over-year with 5.7 months of supply, are where buyers have the most room to negotiate.
August 2026 at a glance
Calgary’s housing market stayed calm in August. Prices held steady, sales eased into the typical late-summer slowdown, and fewer new listings came to market. After two months of gently easing prices, the benchmark actually ticked up a hair — a sign the market is settling rather than sliding. For buyers, the shift that matters is time and choice: homes are taking a little longer to sell, which gives you more room to compare properties, run the numbers properly, and keep the conditions that protect you in an offer.
A decade of Calgary prices
The headline numbers
| Metric | August 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $569,800 | ▲ +0.1% | ▼ -1.1% |
| Sales | 1,660 | ▼ -12.7% | ▼ -16.4% |
| New listings | 3,141 | ▼ -5.5% | ▼ -9.7% |
| Inventory | 6,509 | ▼ -1.8% | ▼ -2.3% |
| Days on market | 41 | ▲ +2 days | ▲ +3 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt |
|---|---|---|---|---|
| Detached | $744,300 | ▼ -1.1% | 875 | 35 |
| Semi-detached | $690,500 | ▲ +1% | 168 | 40 |
| Row / townhouse | $415,200 | ▼ -5.4% | 284 | 47 |
| Apartment condo | $295,400 | ▼ -8.2% | 333 | 52 |
Are Calgary home prices going down?
Not really — they’ve steadied. The city-wide benchmark price of $569,800 is up 0.1% from July and about 1% below where it sat a year ago. After the sharp run-up of 2021–2023 and the further climb through 2024, prices have flattened out and are now holding roughly level rather than continuing to drift lower.
The bigger change is pace. Sales of 1,660 were down about 13% from July and roughly 16% below last August — partly the normal late-summer lull, partly a genuinely calmer market. New listings fell too, so inventory actually eased to 6,509 homes, leaving the market at about 3.9 months of supply — still balanced territory, not a buyer’s free-for-all.
Where the opportunities are for buyers
The city-wide number hides an important split: detached homes are holding their value far better than condos and townhomes, which is exactly where first-time buyers tend to look.
At a $744,300 benchmark, detached homes are down only about 1% from a year ago and still sell in about 35 days — so if you’re competing for a single-family home, don’t assume the softer headlines mean you can lowball. Row/townhouses ($415,200 benchmark) are down about 5% year-over-year, and apartment condos ($295,400) are down more than 8%, with condos now sitting at 5.7 months of supply and about 52 days on market. For first-time buyers and investors, that combination of lower prices and more patient sellers is a genuine opening.
What this means if you’re buying in Calgary
A slower market is not a worse market to buy in — for many buyers it’s a better one. At about 41 days on market you have more time to make a decision, more room to negotiate, and less pressure to waive the conditions that keep you protected.
The key is knowing exactly what you can afford before you start, so you can move with confidence when the right home appears. Where prices sit is only half the affordability equation; your mortgage rate is the other half. Getting a current rate and a pre-approval before you shop tells you your real budget in today’s market.
Frequently asked questions
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Source: CREB, August 2026 (Calgary geography). Prices shown are benchmark 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.
