Calgary Housing Market Q and A: November 2026

Short answer: In October 2026, Calgary home sales were down 15.3% from a year ago and the benchmark price was $564,200, about 0.4% lower. The market is splitting by home type: apartment condos and row homes got cheaper because of extra supply, while detached and semi detached prices held steady. Here are the questions we hear most, answered with CREB’s numbers.

Lacroix Mortgage Group. Written November 3, 2026 using CREB’s October 2026 report. We update this Q and A every month. Rates are illustrative and subject to change.

How busy was the Calgary market in October?

Quieter than last year. CREB reported 1,592 sales, 15.3% fewer than October 2025. New listings fell 9.4% to 2,928, and there were 6,173 homes for sale at month end, 4.6% fewer than a year ago (BNN Bloomberg). Detached homes made up 847 of the sales (CREB).

Are prices going up or down?

It depends on what you are buying. The total benchmark price was $564,200, about 0.4% lower than last year. By type:

• Detached: $735,100, less than 1% lower
• Semi detached: $685,200, about 0.8% higher
• Row: $407,500, 5.1% lower
• Apartment condo: $288,800, 7.9% lower

Even within detached homes, the picture varies. CREB says the City Centre and West districts posted gains from last year, while North East detached prices fell more than 6% (CREB).

Is it a buyer’s market?

Close to balanced overall, with just under 4 months of supply. Detached homes had just over 3 months and semi detached about 3, so sellers there still have some leverage. Row homes had 4.4 months and apartments over 5, which gives buyers more choice and more room to negotiate. CREB’s chief economist, Ann-Marie Lurie, said most of the price pressure is in higher density homes because of oversupply (CREB).

What does this mean if I’m buying my first home?

Condos and townhomes are cheaper than a year ago, and sellers in those segments have more competition. The catch is rates: the Bank of Canada raised its rate to 2.50% on October 28, and fixed rates started rising the next day. Get a pre approval with a free rate hold before you shop, so your budget and your rate are set. See our first time home buyer guide and today’s rates. If you also need help finding the right home, Tim’s real estate site covers buying and selling in Calgary.

What if my mortgage renews soon?

Market prices matter less than your rate at renewal. With prime now at 4.70% at the big banks, compare fixed and variable for your numbers before you sign. Read what the October 28 hike means for your payment and how a rate hold works. The next Bank of Canada decision is December 9.

Want to talk through your numbers? Book a quick call or text 403-648-1541. Last month’s edition: Calgary housing market Q and A for October 2026.

Lacroix Mortgage Group, licensed and powered by Mortgage Connection Inc.

Sources: CREB October 2026 statistics; BNN Bloomberg (Canadian Press), November 2, 2026; Bank of Canada decision via BNN Bloomberg, October 28, 2026; Canadian Mortgage Trends, prime to 4.70%.

Frequently asked questions

Are Calgary home prices going down in November 2026?

Only a little overall. CREB's total benchmark price in October 2026 was $564,200, about 0.4% lower than a year earlier. Apartment condos were down 7.9% and row homes 5.1%, while detached was down less than 1% and semi detached was up about 0.8%.

How many homes sold in Calgary in October 2026?

1,592, which is 15.3% fewer than October 2025, according to CREB. Detached homes made up 847 of those sales.

Is Calgary a buyer's or seller's market right now?

Balanced overall, with just under 4 months of supply in October 2026. Detached and semi detached homes were tighter at about 3 months. Row homes had 4.4 months and apartments over 5 months, so condo and townhome buyers have more room to negotiate.

This article is general information, not personal financial advice. Rates, rules and programs change. Talk to a licensed mortgage broker about your situation. Lacroix Mortgage Group is licensed and powered by Mortgage Connection Inc.