Calgary Real Estate Market Report - September 2026
The latest real estate market report for Calgary, Alberta. Average prices, listings data, and insights for buyers and sellers.
Calgary Real Estate Market: Notable Decline in Benchmark Price
The Calgary real estate market experienced a significant shift with the MLS® HPI composite benchmark price at $569,800, marking a 1.1% decrease year-over-year according to the Calgary Real Estate Board's August 2026 data. This decline highlights a cooling trend in the market, contrasting the rapid price increases seen in previous years.
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Price Breakdown by Property Type
| Property Type | Active Listings |
|---|---|
| Houses | 4,050 |
| Condos | 2,564 |
| Townhouses | 0 |
With 4,050 houses and 2,564 condos currently on the market, the absence of townhouse listings is notable. This skew in available inventory may influence buyer options and market dynamics.
Implications for Buyers
With 6,957 active listings and 2,828 new listings in the past 30 days, buyers have a broad selection of properties to choose from. This abundance of inventory, coupled with the 1.1% drop in the benchmark price, suggests a favorable environment for negotiation. Buyers should leverage the high inventory levels to negotiate better terms and potentially secure properties below the asking price, particularly in the higher-end segment where list prices range up to $45,000,000.
- Explore diverse options with current active listings peaking at $45,000,000.
- Utilize the market's cooling trend to negotiate price reductions.
- Focus on properties with longer days on market for potential discounts.
Implications for Sellers
Sellers face a challenging market with the benchmark price decreasing by 1.1% and a high volume of listings at 6,957. To attract buyers, pricing strategies should be competitive, especially with 2,828 new listings entering the market in the last month. Sellers need to differentiate their properties through strategic pricing and enhanced marketing efforts.
- Consider pricing below the benchmark to attract interest.
- Enhance property appeal through staging and professional photography.
- Monitor competing listings and adjust strategies accordingly.
30-Second Takeaway
Calgary's real estate market is cooling, evidenced by a 1.1% decline in the benchmark price to $569,800 and a significant inventory of 6,957 active listings. Buyers should capitalize on the high inventory and negotiate aggressively. Sellers need to adopt competitive pricing and marketing strategies to stand out in a crowded market.
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