Calgary home sales and prices dip in September
The residential benchmark price fell 0.8 percent to $566,700 as apartment-style homes saw the steepest decline.
CALGARY — Home sales in Calgary fell 3.8 percent in September compared with the same month last year as prices also ticked lower overall.
The Calgary Real Estate Board says 1,650 homes changed hands last month, as the residential benchmark price fell 0.8 percent to $566,700.
The board’s chief economist Ann-Marie Lurie says that with a stronger job market and slower but positive net migration, housing demand has remained strong enough to absorb some of Calgary’s supply, but not enough to offset high-density supply that has been added to the market, “resulting in a more significant impact on prices for higher-density homes.”
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Apartment-style homes saw a year-over-year price decline of 8.3 percent to $291,400, and row-style properties were 5.5 percent less expensive at $412,400.
Detached home prices were down one percent to $739,400, while semi-detached prices moved 0.1 percent higher compared with September 2025 to $685,200.
There were 3,354 new listings on the market in September, down 11.3 percent from a year earlier, while total inventory was 6.3 percent lower year-over-year to 6,486 homes for sale.
The board provided detailed figures for the market segments, showing apartment-style properties had the largest price drop.
Row-style properties also saw a notable decrease in price, falling to $412,400 from a year ago.
Detached homes, which represent a significant portion of the market, declined to a benchmark price of $739,400.
Semi-detached homes were the only category to see a slight increase, rising 0.1 percent to $685,200.
New listings fell by 11.3 percent year-over-year to 3,354 properties in September.
Total inventory of homes for sale stood at 6,486, a decrease of 6.3 percent compared to September 2025.
The data indicates a market where supply additions, particularly in high-density housing, are outpacing demand absorption.
Lurie's analysis points to a stronger job market and continued net migration as factors supporting demand.
However, she noted the demand was not sufficient to offset the new supply of higher-density homes coming onto the market.
With files from The Canadian Press, The Globe and Mail and Toronto Star