Short answer: In September 2026, Calgary home sales were down 3.8% from a year ago and the benchmark price was $566,700, about 0.9% lower. Detached homes held up. Apartments and row homes got cheaper because more new supply came on the market. Here are the questions we hear most, answered with CREB’s numbers.
Lacroix Mortgage Group. Written October 6, 2026 using CREB’s September 2026 report. We update this Q and A every month.
How busy was the Calgary market in September?
CREB reported 1,650 sales, 3.8% fewer than September 2025. New listings were 3,354 and there were 6,486 homes for sale at month end, both lower than a year ago. Detached sales actually rose 4.1% to 896.
Are prices going up or down?
Overall, slightly down. The total benchmark price was $566,700, about 0.9% lower than last year. By type:
- Detached: about 1% lower than last year
- Semi detached: $685,200, about the same as last year
- Row: $412,400, 5.8% lower
- Apartment condo: $291,400, 8.2% lower
Is it a buyer’s market?
It depends on what you’re buying. Overall there was just under 4 months of supply. Detached homes were tighter at just over 3 months. Row homes had more than 4 months and apartments just over 5, so buyers in those segments have more choice and more room to negotiate. CREB’s economist says the difference comes down to where new supply was built: lots of new apartments and row homes, not many new detached homes.
What does this mean if I’m buying my first home?
Prices for condos and townhomes are lower than a year ago, which helps. But fixed mortgage rates rose in late September, so get a pre approval with a rate hold before you shop. A hold usually lasts about 120 days and costs nothing. See our first time home buyer guide and today’s rates.
What if my mortgage renews this fall?
Market prices matter less than your rate at renewal. The Bank of Canada’s next decision is October 28, 2026. If you renew in the next few months, read Tim’s take on renewing this fall and ask us for a rate hold.
Want to talk through your numbers? Book a quick call or text 403-648-1541.
Source: CREB September 2026 statistics, published October 1, 2026. New listings and inventory as reported by Canadian Mortgage Trends, October 2, 2026.
Frequently asked questions
Are Calgary home prices going down in October 2026?
Slightly. CREB's total benchmark price in September 2026 was $566,700, about 0.9% lower than September 2025. Apartments and row homes fell the most. Detached and semi detached prices were close to last year.
How many homes sold in Calgary in September 2026?
1,650, which is 3.8% fewer than September 2025, according to CREB.
Is Calgary a buyer's or seller's market right now?
Close to balanced. CREB reported just under 4 months of supply overall and a sales to new listings ratio of 49%. Apartments had just over 5 months of supply, which gives buyers 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 through Mortgage Connection Inc.