Calgary’s housing market continued to slow in October, with 1,592 homes sold and year-to-date sales down nearly 11 per cent from 2025, according to the Calgary Real Estate Board (CREB).
The decline was driven largely by weaker sales of apartment condominiums and row homes, although sales fell across all property types. Sales of homes priced above $1.5 million picked up, with that segment accounting for less than four per cent of overall activity.
Inventory also declined, falling nearly five per cent from October 2025 to 6,173 units. Months of supply remained just below four, with conditions favouring buyers in the apartment and row home segments, while detached and semi-detached markets remained relatively balanced.
Prices vary across property types
Calgary’s overall benchmark home price was $564,200 in October, down less than one per cent year over year. The benchmark price also eased from September, in line with seasonal expectations.
Year-to-date benchmark prices were nearly three per cent lower than in 2025, with the steepest declines occurring in the apartment condominium sector.
“Supply choice in the new, rental and resale markets has taken much of the pressure off prices this year. However, supply choice can vary significantly within the market, resulting in divergent impacts on prices,” said Ann-Marie Lurie, chief economist at CREB.
“Much of the downward pressure on prices is occurring in the oversupplied higher-density segments of the market, while detached and semi-detached prices have remained more stable. Even within the detached market, we see variation as the City Centre and West districts continue to report price gains over 2025, while prices have declined by more than six per cent in the North East district.”
Apartment and row home prices face greatest pressure
The benchmark price for apartment condominiums fell eight per cent year over year to $288,800 in October, leaving prices 15 per cent below their August 2024 peak. With more than five months of supply, the sector continued to face excess inventory.
Row homes recorded a benchmark price of $407,500, down more than five per cent from October 2025. Months of supply reached 4.4, reflecting continued oversupply.
Detached homes recorded a benchmark price of $735,100, down less than one per cent from October 2025, while semi-detached homes reached $685,200, up nearly one per cent.
