Calgary Condo Market Report: September 2026
Apartment condo prices were down about 8% from a year earlier, townhouse prices slipped, and fewer new listings kept overall supply near balanced heading into fall.
The Numbers: September 2026
City of Calgary, as reported by the Calgary Real Estate Board (CREB®) and checked against WOWA. Arrows show the change from last month (MoM) and a year ago (YoY).
| Measure | Apartment condo | MoM | YoY | Townhouse condo | MoM | YoY |
|---|---|---|---|---|---|---|
| Average price | $318,759 | ↑ 0.7% | ↓ 8.7% | $432,178 | ↓ 2.8% | ↓ 5.6% |
| Median price | $288,000 | ↑ 0.8% | ↓ 9.4% | $405,000 | ↓ 1.2% | ↓ 3.6% |
| Benchmark price (MLS® HPI) | $291,400 | ↓ 1.4% | ↓ 8.3% | $412,400 | ↓ 0.7% | ↓ 5.5% |
| Sales | 343 | ↑ 3.3% | ↓ 14.2% | 248 | ↓ 12.7% | ↓ 18.2% |
| New listings | 717 | ↑ 2.6% | ↓ 22.7% | 552 | ↑ 9.3% | ↓ 6.3% |
1,650 sales
All residential, ↓ 0.4% MoM · ↓ 3.8% YoY
3,354 new listings
All residential, ↑ 6.8% MoM · ↓ 11.3% YoY
6,486 for sale
Inventory, all residential, ↓ 6.3% YoY
44 days to sell
All residential: 3 days longer than last month, 2 days longer than a year ago
Apartment vs. townhouse condo prices
A typical townhouse condo costs about $113,419 more than an apartment condo on average.
View as table
| Measure | Apartment | Townhouse |
|---|---|---|
| Average | $318,759 | $432,178 |
| Median | $288,000 | $405,000 |
| Benchmark (HPI) | $291,400 | $412,400 |
Average, median or benchmark?
- Average price — total sales value divided by the number of sales. One expensive penthouse can pull it up.
- Median price — the middle sale: half sold for more, half for less. Less swayed by outliers.
- Benchmark price (MLS® HPI) — the price of a "typical" condo with the same features each month, so it tracks real price change best.
This month the apartment benchmark ($291,400) was down 8.3% year over year, the median ($288,000) down 9.4% and the average ($318,759) down 8.7%. All three fell, so the drop isn't just a change in which condos sold.
What changed since September 2025
Condo sales fell from a year ago while all-residential inventory eased: a market finding its balance.
View as table
| Measure | Change vs. a year ago |
|---|---|
| Apartment avg price | -8.7% |
| Townhouse avg price | -5.6% |
| Apartment benchmark | -8.3% |
| Townhouse benchmark | -5.5% |
| Apartment sales | -14.2% |
| Townhouse sales | -18.2% |
| New listings (all) | -11.3% |
| Inventory (all) | -6.3% |
Buyer's, seller's or balanced?
The share of new listings that sell is the quickest read on who has the leverage. 3.9 months of supply backs up the same picture.
Sales-to-new-listings ratio (all residential): 49%, down from 53% last month (hollow marker) — a balanced market by the 40–60% rule of thumb, edging toward buyers.
| Month over month | August 2026 | September 2026 |
|---|---|---|
| Avg apartment condo | $316,613 | $318,759 |
| Avg townhouse condo | $444,811 | $432,178 |
| All residential sales | 1,656 | 1,650 |
Reading the Sep 2026 Numbers
For buyers
The market is balanced, with 3.9 months of supply across all homes. Average apartment and townhouse condo prices are below a year ago (down 8.7%, down 5.6%), which gives room to negotiate. Take the time to review condo documents before you firm up.
For sellers
With inventory down 6.3% year over year, pricing matters: list close to the benchmark for your building and condo type, and expect homes to take about 44 days to sell.
For investors
The average apartment condo was $318,759, down 8.7% from a year earlier, and the apartment benchmark down 8.3%. Check the bylaws on rentals and the condo fee against likely rents before you buy.
Sources & Notes
- Calgary Real Estate Board (CREB®) — Detached home sales improve in September (October 1, 2026) and the City of Calgary monthly statistics package (PDF): every figure on this page.
- WOWA.ca — Calgary Housing Market Report: a second check of the condo averages, benchmarks and sales.
- All figures are for the City of Calgary. Days to sell, months of supply and the sales-to-new-listings ratio in the summary cover all residential property types; condo-only figures are in the table. CREB revises the previous month, so month-over-month changes use its revised figures.
Reports are published monthly. See all market reports →
Prepared by Elevate Realty Group, Real Broker · 587-328-8100 · hello@elevaterealtygroup.ca. This report is general information only and does not constitute real estate, financial, investment or legal advice; market conditions change and past trends do not predict future prices. Statistics come from the sources above and are believed reliable but are not guaranteed. Always consult a licensed REALTOR® and an Alberta real estate lawyer before making a real estate decision. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, MLS® HPI and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
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