September 4, 2026 · 3 min read
If you've been watching the headlines about Calgary sales slowing down and wondering what that actually means for you, here's where things stand heading into fall.
The Bank of Canada held its policy rate at 2.25% on September 2, the seventh consecutive decision without a change. Prime rate is sitting at 4.45%, and lenders are offering some genuinely competitive terms right now.
Right now you're looking at:
Five-year fixed rates around 4.09%. Five-year variable rates near 3.30%, running about prime minus 1.15%.
The Bank flagged that tariffs and oil prices could still push inflation higher and force its hand, so this isn't a guarantee rates stay put. But for now, the stability is real, and if you've been waiting for the ground to stop moving before you make a decision, this is close to where things sit. The next scheduled announcement is October 28.
August closed with 1,660 sales citywide, down 16% from last August, and new listings fell nearly 10% to 3,141. That's a real slowdown, not a blip. The benchmark price came in at $569,800, down about 1% year over year, with just over 3.9 months of supply citywide.
The property type breakdown is where it gets specific. Detached homes saw 875 sales, down 12% from last year, with the benchmark price holding close to flat at $744,300, off about 1%. Semi-detached actually posted a small price gain, up close to 1% to $690,500, even as year-to-date sales sit down 2%. Row homes saw their benchmark drop 5% to $415,200. Apartment condos took the biggest hit, with prices down 8% year over year to $295,400 and supply pushing toward six months, which is firmly buyer's market territory.
That gap between detached and apartment tells the real story right now. Lower-priced, higher-density housing is sitting with real room to negotiate, while well-priced detached homes in good condition are still finding buyers.
You have more selection and more negotiating room than you've had in a while, especially in condos and townhomes where supply has built up. Rates have been stable for months now, so you're not trying to time a moving target. If a lower monthly payment or a starter property is the goal, the apartment and row segments are where the leverage sits right now.
Pricing has to match the segment you're in. Detached homes priced right are still moving, but the days of listing high and waiting are behind us for now. If you're selling a condo or townhome, presentation and pricing both need to be sharp, because buyers have options and they're using them. An overpriced listing in this market sits, and every week it sits works against you.
Stable rates and a market that's clearly shifted toward buyers in some segments, while staying tighter in others, means the right move depends heavily on what you're buying or selling, not just the headline numbers. If you want to talk through what this looks like for your specific situation, I'm happy to walk through the numbers with you.
Written by
Itxy-Ming LoveTiger
REALTOR® — IAMLOVETIGER Real Estate, REAL Broker
Calgary’s Powerhouse Realtor. Inner-city specialist serving Killarney/Glengarry, Hillhurst, Altadore, South Calgary and beyond — licensed with REAL Broker, member of CREB / Pillar 9 and CREA.
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