Calgary’s apartment market bore the sharpest price pressure in October, with its benchmark down 7.94% year over year as total home sales fell 15.27%, the Calgary Real Estate Board (CREB) reported.
The city recorded 1,592 sales, compared with 1,879 in October 2025. The benchmark for all residential properties was $564,200, down 0.35% year over year and about 0.44% from $566,700 in September 2026. Apartment condominiums had a benchmark of $288,800, while row homes were at $407,500. Detached homes stood at $735,100 and semi-detached homes at $685,200.
Price changes varied by type. Row-home benchmarks fell 5.12% year over year, and detached benchmarks slipped 0.72%; semi-detached benchmarks rose 0.78%. In October, the apartment benchmark remained 15% below its August 2024 high.
CREB Chief Economist Ann-Marie Lurie linked price pressure to excess supply in higher-density housing. Apartments had 5.28 months of supply and row homes had 4.44, compared with 3.34 months for detached and 3.16 for semi-detached homes. The board described apartment and row-home conditions as buyer-favoring.
CREB said buyers had choices across resale, new-home and rental markets. It pointed to easing rents and competition from new construction as factors weighing on demand for resale apartments; new homes and rentals also competed with row homes.
CREB’s October release and monthly statistics package listed 2,928 new listings, down 9.41% year over year, and 6,173 homes in inventory, down 4.62%. The board’s live Daily Housing Summary listed 2,933 new listings and 6,193 active listings for October. The monthly package put overall supply at 3.88 months.
Sales through October totaled 17,878, a 10.94% decline from the same period in 2025. Apartment sales were down 24.52% year to date and row-home sales fell 15.31%, while detached sales declined 4.53% and semi-detached sales fell 1.90%.
