In Calgary’s real estate landscape this Mid-Q3, we’ve seen a noticeable shift: 1,660 sales, marking a ~16% decrease from last year, and the residential benchmark now sits at $570K following an overall price dip of about 1%. For those following the condo market, apartment benchmarks have softened to $295K (down ~8% annually), and row homes now average $415K after a 5% drop. Detached homes settled close to $744K, reflecting a ~1% annual decline, while semi-detached homes stood out with a benchmark of $691K and a modest yearly gain.
Supply patterns are evolving as well. New listings totaled 3,140—about 10% fewer than last year. Available inventory reached 6,510 homes, slightly less than the previous year. Notably, higher price bands have benefited from this improved supply, but for many first-time buyers, strong rental conditions are keeping the move from renting to ownership on pause.
As someone licensed in residential, commercial, rural, and property management, I keep a close eye on these subtle market dynamics for my clients. Whether you’re tracking investment potential or planning a move across Calgary, understanding these numbers is key to making confident real estate decisions.
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