Calgary’s housing divide deepens as rental market holds buyers back
Erosion ranged from just over 1% in the North West to more than 12% in the North East.
Surrounding communities are reflecting similar pressures. Chestermere recorded nine months of supply in August, while Airdrie’s total residential benchmark price of $508,800 sat more than 4% below year-ago levels.
| Property type | Benchmark price | Year-over-year | Months of supply |
|---|---|---|---|
| Detached | $744,300 | –1.1% | 3+ |
| Semi-detached | $690,500 | +1.0% | 3+ |
| Row | $415,200 | –5.0% | ~4 |
| Apartment condominium | $295,400 | –8.2% | ~6 |
| Total residential | $569,800 | –1.0% | ~4 |
Source: Calgary Real Estate Board (CREB), August 2026
Detached and luxury segments hold their ground
Despite the broader pullback, detached homes offered relative stability. The August benchmark price of $744,300 was broadly flat month over month and down only 1.1% year over year.
Semi-detached properties held near balance, with the benchmark edging up 1% to $690,500.
Homes priced above $1,000,000 posted year-over-year sales gains in August, driven largely by detached and semi-detached transactions where supply choice expanded without triggering a full correction in values.
