Calgary Real Estate Market Report - August 2026

Calgary's Real Estate Market Sees a Notable Year-Over-Year Price Decline

The MLS® HPI composite benchmark price in Calgary for July 2026 stands at $569,200, reflecting a 2.1% decrease compared to the previous year, according to the Calgary Real Estate Board. This decline indicates a cooling market that buyers and sellers need to navigate strategically.

Price Breakdown by Property Type

Implications for Buyers

With 7,035 active listings, buyers have a broad selection to choose from, especially in the house and condo segments. The current inventory includes 4,070 houses and 2,621 condos. The wide range of list prices, from $4,791 to $40,000,000, suggests opportunities across various budget levels. The 2.1% year-over-year price drop may provide buyers with leverage in negotiations, particularly in a market with 2,740 new listings in the past 30 days. Buyers should focus on properties that have been on the market longer, as sellers may be more willing to negotiate.

Implications for Sellers

Sellers face increased competition, with 7,035 active listings and a notable influx of 2,740 new listings in the last month. To stand out, pricing your property competitively is essential, especially given the downward trend in the benchmark price. Highlight unique features of your property that differentiate it from the 4,070 houses and 2,621 condos currently available. Consider strategic marketing efforts to reach potential buyers actively looking in a market with a significant number of options.

30-Second Takeaway

• Calgary's benchmark price is $569,200, down 2.1% year-over-year.
• Buyers have a wide selection with 7,035 active listings.
• Sellers need competitive pricing strategies due to increased inventory.
• Focus on unique property features to attract buyers in a crowded market.