Calgary Housing Market Report

Market Report Summary for May 2026

  • The housing inventory of 6,752 remained relatively flat compared to last May.

  • At 2,162, Calgary's monthly home sales saw a 16% year-over-year decline.

  • The benchmark home price of $570,500 is down 3.0% year over year.

  • The Calgary market has shifted to balanced territory with months of supply at 3.1 months.

  • Detached home average price decreased by 0.3% year-over-year to $844k.

  • Semi-detached home average price decreased by 4.1% year-over-year to $658k.

  • Townhouse average price decreased by 2.8% year-over-year to $453k.

  • Condo apartment average price decreased by 4.8% year-over-year to $326k.

  • June 11, 2026 Update: Today's lowest mortgage rate in Calgary is 3.3% for 5-Year Variable.

Calgary Housing Market Overview

Data for May 2026

  • Avg. Sold Price: $665,695
  • All Property Types: $665,695
  • Detached: $844,352
  • Semi-Detached: $658,309
  • Townhouse: $453,342
  • Apartment: $325,666
Property Type Avg. Sold Price Transactions
All Property Types $665,695
Avg. Sold Price
2.1% increase
(1-month change)
2.5% increase
(12-month change)		 2,162
Transactions (Buy/Sell)
2.8% increase
(1-month change)
15.8% decrease
(12-month change)
Detached $844,352
Avg. Sold Price
1.7% increase
(1-month change)
0.3% decrease
(12-month change)		 1,192
Transactions (Buy/Sell)
8.9% increase
(1-month change)
6.5% decrease
(12-month change)
Semi-Detached $658,309
Avg. Sold Price
4.7% decrease
(1-month change)
4.1% decrease
(12-month change)		 217
Transactions (Buy/Sell)
1.4% increase
(1-month change)
15.2% decrease
(12-month change)
Townhouse $453,342
Avg. Sold Price
1.8% decrease
(1-month change)
2.8% decrease
(12-month change)		 350
Transactions (Buy/Sell)
3.6% decrease
(1-month change)
23.6% decrease
(12-month change)
Apartment $325,666
Avg. Sold Price
4.3% decrease
(1-month change)
4.8% decrease
(12-month change)		 403
Transactions (Buy/Sell)
6.7% decrease
(1-month change)
30% decrease
(12-month change)

Executive Summary

The Calgary housing market shifted to balanced territory in May 2026, with a benchmark price of $570,500 (down 3.0% year-over-year) and 3.1 months of inventory. Sales declined 16% annually to 2,162 homes, while inventory remained relatively flat at 6,752 units.

Average Prices

  • Average home prices do not show the true extent of price changes because of the substitution effect. When home prices or mortgage rates reduce buyers' purchasing power, they tend to shift toward more affordable property types. Conversely, when purchasing power increases, buyers may shift toward more expensive homes.

Sales Numbers and Benchmark Prices

The benchmark home price in Calgary declined 3.0% year over year and rose 0.3% monthly to $570,500. In May 2026, 2,162 homes changed hands, representing a 16% decrease compared to the same month last year.

  • Detached homes: The benchmark price decreased 2.4% year over year to $747,800, up 0.3% month over month.
  • Semi-detached homes: Benchmark home prices declined 1.0% year-over-year to $691,100.
  • Townhouses: Benchmark townhouse prices declined 6.4% YoY and fell 0.1% MoM to $422,300.
  • Apartments: Benchmark apartment prices are down 9.1% year-over-year to $300,400.

Median Prices

Median prices for Calgary houses increased by 0.3% year-over-year to $592,250.

  • Detached houses: $715,000, 2.1% lower compared to last May.
  • Semi-detached houses: $575,000, down 5.3% annually.
  • Townhouses: $423,450, down 5.7% from last year.
  • Apartments: $295,000, down 7.2% annually.

Affordability Context

Calgary homes remain significantly more affordable than homes in Toronto or homes in Vancouver, with pricing comparable to Montreal's housing market. Over the past six years, benchmark home prices have risen significantly (39%), reducing affordability and making life more difficult for renters and future homeowners.

Supply and Demand Dynamics

The home price in the Calgary region is 36% higher than it was ten years ago, implying a cumulative annual growth rate of 3.1%.

The market continues to reflect broader Canadian housing trends, including slower population growth and increased competition from both new home construction and the rental market.