By Josh Tagg, mortgage broker · Mortgages for Less with INDI Mortgage · Calgary, serving all of Alberta ·
Fewer homes sold than a year ago, but fewer sellers listed too, so inventory dropped and prices barely moved. Calgary is still balanced, with the most room to negotiate in condos and townhomes.
In October 2026, Calgary’s benchmark home price was $564,200, down 0.4% from September and 0.4% from a year ago. Sales of 1,592 were 3.4% lower than September and 15.3% lower than October 2025. New listings fell 12.7% on the month, inventory dropped to 6,173 homes, and the market sat at 3.9 months of supply, which is balanced. Detached homes ($735,100) are down 0.7% year over year; apartment condos ($288,800) are down 7.9%, with 5.3 months of supply and 55 days on market.
October 2026 at a glance
October was quieter than a year ago. Calgary sales came in at 1,592, down 15.3% from last October, but sellers pulled back at the same time: new listings fell 12.7% from September and total inventory dropped to 6,173 homes. Because supply and demand eased together, the market stayed balanced at 3.9 months of supply and the benchmark price slipped only 0.4%. Homes sold in 43 days on average, a day faster than September. That is a slower fall market, not a falling one.
A decade of Calgary prices
The headline numbers
| Metric | October 2026 | vs Sep 2026 | vs Oct 2025 |
|---|---|---|---|
| Benchmark price | $564,200 | ▼ -0.4% | ▼ -0.4% |
| Sales | 1,592 | ▼ -3.4% | ▼ -15.3% |
| New listings | 2,928 | ▼ -12.7% | ▼ -9.4% |
| Inventory | 6,173 | ▼ -4.8% | ▼ -4.6% |
| Days on market | 43 | ▼ -1 day | — 0 days |
A look by property type
| Property type | Benchmark | vs Sep 2026 | vs Oct 2025 | Sales | Days on mkt |
|---|---|---|---|---|---|
| Detached | $735,100 | ▼ -0.6% | ▼ -0.7% | 847 | 39 |
| Semi-detached | $685,200 | — 0% | ▲ +0.8% | 184 | 40 |
| Row / townhouse | $407,500 | ▼ -1.2% | ▼ -5.1% | 241 | 46 |
| Apartment condo | $288,800 | ▼ -0.9% | ▼ -7.9% | 320 | 55 |
Are Calgary home prices still dropping?
Barely. The city-wide benchmark price of $564,200 is down 0.4% from September and 0.4% from October 2025. It has eased about 1.5% from this year’s high of $572,500 in June, and it is still about 2% above January’s low of $553,400. Small monthly moves in a narrow range are what a balanced market looks like.
The bigger change is in activity. Sales of 1,592 were down 3.4% from September and 15.3% from last October. New listings dropped to 2,928, down 12.7% on the month and 9.4% on the year, and inventory fell 4.8% to 6,173 homes, 4.6% fewer than a year ago. That works out to 3.9 months of supply, about where September was, up from 3.4 a year ago. Buyers have a little more room than they did last fall, but not a glut of listings.
Where the opportunities are for buyers
Detached and semi-detached homes are holding their value. The detached benchmark is $735,100, down 0.7% from a year ago, with about 39 days on market and 3.3 months of supply. Semi-detached was the one segment where sales rose in October, up 12.9% from September, and its $685,200 benchmark is up 0.8% from a year ago.
The softer side is still condos and townhomes. Row/townhouses sit at a $407,500 benchmark, down 5.1% year over year, with 4.4 months of supply and 46 days on market. Apartment condos are at $288,800, down 7.9% from a year ago, with sales down 22.3%, 5.3 months of supply and 55 days on market. For first-time buyers, that is where sellers are most open to a conversation on price and conditions.
What this means if you’re buying in Calgary
A balanced market gives you time. At 43 days on market you can view more homes, write a considered offer, and keep your financing and inspection conditions in place instead of waiving them to compete.
Fall and winter are also when fewer buyers are out looking, which can help on price. What makes that time useful is knowing your budget before you start. Price is one half of affordability and your mortgage rate is the other. A current rate and a pre-approval tell you what you can carry, so you can move quickly when the right home comes up.
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Source: CREB, October 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.
