Market · Condos · September 2026 data

Calgary condo prices are down: what it means for buyers and sellers.

Calgary's overall market is balanced, but apartment condominiums are moving on their own track. CREB®'s September 2026 figures put the apartment benchmark price more than 8% below last September, with more than five months of supply. This page explains what is behind that, what it changes for buyers and sellers, and where it does not apply.

Apartment benchmark: $291,400 in September 2026, more than 8% lower than a year earlier.
Just over five months of apartment supply, against under four for the city overall.
Row homes are down about 6%; detached and semi-detached homes remain tighter.
More choice and time for buyers; pricing and presentation matter more for sellers.

Seenu George

REALTOR® · eXp Realty

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The September numbers

One city, two markets.

Across all property types, Calgary recorded 1,650 sales in September 2026. The city-wide benchmark price was $566,700, about 1% below last year; there were just under four months of supply, and homes took an average of 44 days to sell (42 a year earlier). By CREB®'s measures, that is a balanced market overall.

Apartment condominiums look different. There were 343 apartment sales and 717 new apartment listings, a sales-to-new-listings ratio of 48%. Supply stayed just above five months, and the unadjusted apartment benchmark fell to $291,400, down more than 1% from August and more than 8% from last September. Apartment sales were 14% lower than a year earlier. Row homes were down nearly 6% to a $412,400 benchmark, with the steepest row declines (over 11%) in the North East and East districts and the smallest (about 2%) in the North West.

CREB® attributes much of the softness to supply: a large number of new apartment and rental units completed in recent years gives renters and buyers more choice. It also notes that some fall price movement is seasonal, and that seasonally adjusted prices in September were relatively stable compared with August.

What it means

For buyers, sellers and investors.

Buyers: more choice and more time

With more than five months of supply, buyers can compare several buildings, keep financing and inspection conditions in their offer, and negotiate on price, possession date or included items. Use the time to read the condominium documents; a lower price does not make up for a weak reserve fund.

Buyers: the averages are not your building

A city-wide benchmark is a model of a typical unit. Buildings with strong reserve funds, good management and scarce features (larger suites, parking, views, top floors) can behave very differently from the average. Compare recent sales in the same building and floor plan.

Sellers: price to the current market, not last year's

Your condo competes with every similar listing a buyer sees that week. Pricing from a neighbour's sale a year ago is the most common reason condos sit. Ask for sales from the past 90 days in your building and nearby, and watch how long active listings have been on the market.

Sellers: have the documents ready

In a market with choice, a buyer who can review the bylaws, financial statements, reserve fund study, minutes and estoppel certificate quickly is more likely to go firm. Order the estoppel and gather the documents before you list.

Sellers: ask whether to sell, rent or wait

If you don't need to sell, compare holding costs, condo fees and the rental market with what you would net today. If you are buying a detached home at the same time, the gap between condo and detached prices affects both sides of the move.

Investors: look at rent and fees together

More rental supply means more competition for tenants. Work through the numbers with current rents, the actual condo fee, a vacancy allowance and the reserve fund's plan for increases, not the purchase price alone.

Common questions

Asked about condo prices.

Are Calgary condo prices still falling?

CREB®'s September 2026 apartment benchmark was $291,400, down more than 1% from August and more than 8% from a year earlier. Monthly figures for October will be published by CREB® in early November. This page does not forecast prices.

Is it a buyer's market for condos?

More than five months of supply is generally read as conditions that favour buyers. The city overall, with just under four months, is balanced. Conditions vary by building and area.

Why are condos down while houses are holding?

CREB® points to supply: many new apartment and rental units have been completed, giving people who might have bought a condo more options, including renting. Detached and semi-detached supply remains comparatively tight.

What is a benchmark price?

A CREB® measure of the price of a typical home with set features, which makes prices comparable over time. It is not the price of any specific unit and differs from the average or median sale price.

Sources. CREB®, City of Calgary Monthly Statistics Package, September 2026 (published October 2026), and CREB® monthly market commentary. Benchmark prices are unadjusted unless noted. Figures are city-wide for the City of Calgary and describe the market as a whole, not any individual property. This page is general information, not a forecast or a valuation of any property, and not legal, tax or financial advice.

Calgary condo prices are down: what it means for buyers and sellers.

One city, two markets.

For buyers, sellers and investors.

Asked about condo prices.

Condo prices have changed. Start with the numbers.

Calgary & area, one place at a time.