After more than four decades working in Calgary real estate, I’ve seen many market cycles—and this fall, we’re seeing another shift worth noting. By late Q3, the city’s residential benchmark price reached $566,700, while sales eased roughly 4% year-over-year to 1,650. New listings also dipped about 11%, signaling a slower overall tempo. Inventory stood at 6,500 homes (down 6% from last year), and with supply sitting close to four months, buyers have a bit more breathing room to compare their options carefully.
Interestingly, detached and semi-detached properties have shown resilience. Detached sales climbed around 4% (896 homes), and semi-detached were up about 5% (163 sold), with prices holding steady near $739,400 and $685,200. In contrast, higher-density segments like row homes and apartments faced more downward pressure: row sales dropped 18% and apartment sales fell 14%, with benchmark prices coming in at $412,400 and $291,400 respectively.
An economist recently pointed out that the construction surge of the past three years has mainly boosted supply in apartments and row homes, helping explain the divide in Calgary’s market by property type. As always, I’m here learning and sharing these shifts with my clients and colleagues—helping everyone navigate Calgary’s ever-evolving real estate landscape.
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