Calgary Real Estate Market Update: October 2026

What October's numbers mean for buyers and sellers heading into winter. Figures are CREB's October 2026 results, released November 2.

October is when Calgary's market usually slows down and settles in for winter, and this year it did exactly that. What makes the October 2026 numbers worth a closer look is that the slowdown did not land evenly. A detached home in West Calgary and an apartment condo in the North East are playing in two very different markets right now, and a citywide average hides that completely.

I've been selling Calgary real estate since 2003, and the part of the monthly statistics I trust most is never the headline. It's the gap between property types and districts. So this month I'll give you the key numbers, then tell you what I think they mean.

One note on how I write these. The figures come from the Calgary Real Estate Board (CREB®). Where I'm offering my own interpretation, I'll say so.

October 2026 at a Glance

CREB reported 1,592 sales across the city in October, down 15.3% from the 1,879 sales in October 2025. New listings came in at 2,928, down 9.4% from last year. Active inventory finished the month at 6,173 homes, down 4.6% year over year. The benchmark price, which tracks the price of a typical home rather than an average of whatever happened to sell, was $564,200, down 0.4% from a year ago.

• Detached: 847 sales (down 16%), 2,832 active listings, 3.34 months of supply, benchmark price $735,100 (down 0.7%)
• Semi detached: 184 sales (down 1%), 581 active listings, 3.16 months of supply, benchmark price $685,200 (up 0.8%)
• Row: 241 sales (down 12%), 1,069 active listings, 4.44 months of supply, benchmark price $407,500 (down 5.1%)
• Apartment: 320 sales (down 22%), 1,691 active listings, 5.28 months of supply, benchmark price $288,800 (down 7.9%)
• Total residential: 1,592 sales (down 15%), 6,173 active listings, 3.88 months of supply, benchmark price $564,200 (down 0.4%)

Source: CREB, City of Calgary Monthly Statistics Package, October 2026. All comparisons above are year over year.

Sales, Listings and Inventory: Why Months of Supply Went Up

Sales fell faster than listings

Months of supply is the number that explains most of this month. It measures how long it would take to sell every active listing at the current pace of sales. In October it was 3.88 months, up from 3.44 months in October 2025.

The math behind that is simple. Sales dropped 15.3% year over year while inventory dropped only 4.6%. When fewer homes sell and the pile of unsold homes doesn't shrink as fast, supply stretches out. The sales to new listings ratio tells the same story. It was 54% this October compared with 58% last year. Roughly speaking, that means for every 100 new listings, about 54 sales happened, a little less demand relative to supply than a year ago.

Sellers also pulled back. New listings fell 9.4%, which is the reason inventory is lower than last year even though sales are slower. CREB describes the inventory trend as typical seasonal behaviour heading into winter, and that matches what I usually see this time of year.

Two other numbers add useful texture. Homes that sold took an average of 43 days, exactly the same as October 2025. And CREB's sales to list price ratio was 97.30%, compared with 97.44% a year ago. In practical terms, the market is slower, but it has not turned into a free for all for buyers. Homes overall are still selling in about the same time frame as last year.

What changed from September

CREB did not publish a total September comparison in the package I reviewed, so I can't give you exact month over month sales or listing counts for the whole city. What CREB does report is that inventory eased from September, which is typical for this time of year, and that the overall benchmark price eased compared with September.

By property type, the month over month benchmark changes were small: detached down 0.58%, apartments down 0.89%, row homes down 1.19%, and semi detached unchanged at 0.00%. CREB also noted that detached sales eased from September, while semi detached sales improved. If you want to see how we got here, my September 2026 market update is a good place to start.

Calgary Home Prices in October 2026

Calgary's benchmark price was $564,200, essentially flat compared with last October. The longer view is softer. The year to date benchmark price is $565,680, which is 2.7% below the same stretch of 2025. CREB points out that Calgary did not see the usual seasonal lift in prices this spring, and that is a big part of why the year to date number sits lower.

The median price, which is the middle sale price rather than a typical home, was $562,500, down 2.5% from last year. The average sale price was $640,769, down 0.4%. These measure different things, so they won't always move together. The benchmark is the one I lean on most because it adjusts for the type of home that sold in a given month.

CREB also noted that sales of homes priced above $1.5 million picked up even as sales fell across all property types, though those homes account for less than 4% of all sales. That's a small slice of the market, but it's a useful reminder that not every price range is behaving the same way.

Detached, Semi Detached, Row and Condo: Four Different Markets

Here is the part of the report I'd read twice. Across the city the market looks balanced. Look one level down and it splits.

My own calculation from CREB's figures: apartments and row homes made up about 35% of October sales (561 of 1,592), but almost 45% of active inventory (2,760 of 6,173). Detached and semi detached homes are the reverse. That mismatch is why the city's months of supply is creeping up while detached and semi detached prices are holding.

Detached homes: sales down, prices barely moved

Detached sales were 847, down 16% from last year, but new listings fell too (down 5.5%), and inventory dipped 2.8% to 2,832. Months of supply rose from 2.89 to 3.34, still below the citywide figure. The detached benchmark price was $735,100, down just 0.7% year over year and down 0.58% from September.

The district detail matters here. CREB's district figures show detached benchmark prices up in City Centre (up 3.29% to $992,500) and the West (up 3.15% to $988,400). They were down in the North East (down 6.58% to $548,000) and the East (down 6.81% to $463,800), with the North down 3.46%. Months of supply for detached homes ranged from 2.51 in the West and 2.96 in the North West up to 4.23 in the North East and 4.54 in the East.

My read: Detached homes in the West, North West, City Centre and South are still competitive for buyers, even with fewer sales overall. The North East and East are noticeably more patient, with more supply and softer prices.

Semi detached homes: the tightest property type

Semi detached homes were the one property type where the benchmark price rose year over year, up 0.78% to $685,200 and unchanged from September. Sales were nearly flat at 184 (down 1%), new listings fell 7.9%, and inventory fell 5.2%. The sales to new listings ratio was 61%, the highest of the four types, and months of supply dropped to 3.16 from 3.30 a year ago. CREB notes semi detached sales actually improved compared with September.

District numbers for semi detached are based on small sales counts, so take them as directional. Still, the West (73% sales to new listings, 2.45 months of supply) and the South (74%, 2.92 months) stood out as tight, while the North West (34%, 5.08 months) looked much softer.

My read: For buyers who want an attached home with more space than a condo, semi detached is where I'd expect the most competition, especially in the West and South.

Row homes: more supply, lower prices

Row home sales were 241, down 12%, and year to date sales are down more than 15%. Inventory actually edged up 1.3% to 1,069 even as new listings fell 7.1%. Months of supply rose from 3.86 to 4.44. The benchmark price was $407,500, down 5.1% year over year and down 1.19% from September, and prices were lower in every district.

The tightest and softest pockets are far apart. Row homes in the North East showed 8.47 months of supply and the North showed 6.69, while the South was at 3.95 and the West at 3.44. CREB attributes the softness to competition from the new home market and added rental supply. Interestingly, row homes that did sell took 46 days on average, a bit faster than the 50 days a year ago.

My read: Row homes are the property type where buyers have gained the most bargaining position since last year, particularly in the North and North East. Sellers there are competing against brand new product, and that is a hard thing to out price.

Apartment condos: the clearest buyer leaning segment

Apartments sold 320 units, down 22% from last year and down almost 25% year to date. New listings fell 19% to 638 and inventory fell 10.6% to 1,691, so sellers are clearly pulling back. Even so, months of supply sits at 5.28, up from 4.59, and the average time to sell was 55 days. The benchmark price was $288,800, down 7.9% year over year and down 0.89% from September. The sales to list price ratio for apartments was 96.07%, the lowest of the four types.

CREB says this price is about 15% below the peak reached in August 2024, and that prices have eased in every district. By district, the declines in the apartment benchmark were largest in the East (down 13.09%) and North East (down 11.82%), and smallest in the West (down 4.93%). Months of supply was highest in the North (9.47) and North East (8.60), though those districts each recorded only 15 apartment sales in October, so the sample is small. The City Centre is where the volume is: 140 of the 320 apartment sales, with 5.19 months of supply and a benchmark of $295,000.

My read: CREB points to easing rental rates and competing product in the new home market as pressures on resale condos. I'd add that when a segment has this much choice, sellers who price a little ahead of the market tend to sit, and that shows in the 55 day average.

Where Calgary's Market Is Tightest and Softest

Looking across all property types, CREB's district benchmark prices for October tell a clear geographic story. The West ($718,400, up 2.5%) and City Centre ($577,100, up 1.8%) posted gains, and the South was essentially flat ($566,500, up 0.1%). The North West ($615,200, down 1.8%), South East ($550,000, down 1.4%), North ($521,000, down 2.6%), North East ($457,200, down 5.7%) and East ($381,500, down 6.2%) were lower than last year.

Inner city communities I watch closely

A few community level numbers from the CREB report, with the caution that monthly sales in any single community are small and can swing a lot:

Altadore recorded 27 sales, up 93% from last October, with a benchmark price of $905,800 (up 8%) and only 48 active listings. South Calgary had 15 sales (up 25%) and a benchmark of $673,300 (up 2%). Killarney/Glengarry saw 16 sales (down 30%) but new listings up 39% to 43, with a benchmark of $735,500, unchanged from last year. The Beltline was the busiest community in the city with 42 sales, but its benchmark price was $306,800, down 10%, and its 238 active listings work out to roughly 5.7 months of supply by my calculation.

Notice what that means: some inner city communities are seeing real strength, while the condo heavy parts of the core are going through an adjustment. If you're curious about a specific community, my Calgary communities guide is built for exactly that comparison.

Surrounding Communities: Airdrie, Cochrane, Chestermere and Okotoks

CREB's report also covers the communities around Calgary. Benchmark prices for these towns were generally a little lower than last year:

Airdrie recorded 113 sales (down 17%) and a benchmark of $502,500 (down 4%). Cochrane had 62 sales (down 15%) and a benchmark of $571,100 (down 2%). Chestermere saw 49 sales, up 14%, with a benchmark of $683,800 (down 3%). Okotoks had 45 sales, unchanged from last year, with a benchmark of $600,100 (down 3%). High River recorded 27 sales (down 10%) at a benchmark of $490,900 (down 3%).

Dividing active listings by October sales (my own calculation, so treat it as a rough guide), I get about 5.9 months of supply in Chestermere, 5.8 in Cochrane, 4.1 in Airdrie and 3.0 in Okotoks. Cochrane and Chestermere also saw new listings rise (up 6% and up 7%) while Calgary's overall new listings fell.

My read: If you're weighing Calgary against a commuter town, Chestermere and Cochrane currently offer buyers more choice than Okotoks. See my surrounding areas guide for how these towns compare.

What This Market Means for Buyers

Here is my interpretation of the numbers, not an official CREB conclusion.

If you're shopping for a condo or row home, you have more leverage than you've had in years. Months of supply above 5 for apartments and above 4 for row homes, longer days on market for condos, and lower sales to list price ratios all point the same direction. That gives you more room to negotiate on price, possession date and conditions. Do your homework on the building: ask for the reserve fund study, review condo fees and ask about any special assessments. A lower price only helps if the building is financially healthy. For row homes, compare resale options against new builds nearby, because builders are competing for the same buyer.

If you want a detached or semi detached home in the West, North West, South or City Centre, don't expect the same discount. Supply is tighter, price trends are flat to rising, and good homes still attract competition. Get your financing sorted ahead of time and be ready to move when the right one lists. My mortgage calculator is a useful way to check what a monthly payment looks like before you start. If it's your first purchase, my first time buyers guide walks through the whole process.

If you're open to the North East or East on detached homes, prices are down more than 6% from last year and supply is higher. That's not a reason to buy there, but it's information worth having.

On timing: new listings usually thin out through winter, and CREB called the October inventory decline typical seasonal behaviour. Selection is decent now. I can't tell you whether prices will be higher or lower in the spring, and the CREB report doesn't either, so I'd base your decision on your own numbers and timeline rather than trying to guess the market. When you're ready, you can browse Calgary homes for sale, or narrow by type: detached, semi detached, row homes or condos.

What This Market Means for Sellers

Your competition is the listings in your property type and district, not the citywide average. A detached seller in the West or North West is facing under 3 months of supply. An apartment seller in the North or North East is facing more than 8. Those are completely different pricing conversations.

For condos and row homes, price it right at the start. With a 55 day average on apartments and a 96.07% sales to list price ratio, the homes that sit tend to be the ones that started high. A price reduction a few weeks in often costs you the momentum you had at launch. Apartment listings are down 19% from last year, which tells me sellers who can afford to wait are waiting. If you can't, you'll want a plan to stand out against everything else on the market, including new builds in the row home segment.

For detached and semi detached homes, a tighter market is not an excuse to overprice. Detached sales are down 16%, and the 3.34 months of supply is higher than a year ago. Benchmark prices are holding, but buyers have more choice than they did a year ago, so pricing to the current market matters.

Fall can still be a good time to list. If you're deciding whether to sell now or wait for spring, I covered the trade offs in why fall can be one of the smartest times to sell a home in Calgary. If you want an honest read on what your home would sell for in this market, start on my sell page.

My Perspective on What Is Happening in Calgary

Calgary is not in a crash and it is not in a frenzy. What I see in these numbers is a market in transition, and the transition looks different depending on what you own or want to buy.

The pressure is concentrated in higher density product, meaning apartments and row homes, where buyers have more choice from resale listings, new builds and rentals. The detached and semi detached segments are working through slower sales without much price damage so far, but the detached months of supply climbing from 2.89 to 3.34 is worth watching.

Three things I'll be tracking in the coming months: whether apartment months of supply keeps climbing or levels off, whether row home inventory keeps rising against new home competition, and whether detached months of supply keeps drifting up. I don't know whether apartment prices have found a floor, and the CREB report can't tell me that. What I can tell you is that in a market with this much variation, a decision based on the citywide headline is a decision based on the wrong data.

Frequently Asked Questions

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

Citywide, October's 3.88 months of supply sits in balanced territory, and CREB describes detached and semi detached conditions as relatively balanced. Apartments (5.28 months) and row homes (4.44 months) lean toward buyers. Many REALTORS® use under 3 months as a seller's market guide, 3 to 6 as balanced and over 6 as a buyer's market. That is a common rule of thumb, not an official CREB definition.

Are Calgary home prices going down?

The citywide benchmark price was $564,200 in October 2026, down 0.4% from a year ago and 2.7% lower year to date compared with 2025. By type, detached was down 0.7%, semi detached was up 0.8%, row was down 5.1% and apartments were down 7.9%.

How many homes sold in Calgary in October 2026?

CREB reported 1,592 sales, down 15.3% from October 2025. Year to date, Calgary has recorded 17,878 sales, down 10.9% from the same period last year.

Thinking About Your Next Move?

Whether you're buying, selling, or just trying to understand what this market means for your situation, I'm happy to look at your specific property type and neighbourhood with you and give you a straight answer. Send me a note on my contact page, or start by browsing Calgary homes for sale.

Source and attribution: Statistics are from the Calgary Real Estate Board (CREB®), City of Calgary Monthly Statistics Package, October 2026, and CREB's monthly community summary for total residential. Unless stated otherwise, comparisons are year over year. Commentary labeled "my read," my own calculations and the interpretations in this article are mine and are not official CREB conclusions. This article is general market information and not financial or legal advice. Statistics may be revised by CREB after publication.