Blog Details

While row and apartment-style properties continue to experience higher supply compared to demand, detached and semi-detached segments remain relatively balanced.

“Improved rental supply and easing rents have slowed ownership demand for apartment and row-style homes,” said Ann-Marie Lurie, CREB® Chief Economist. “Excess supply in these segments is placing more pressure on prices.”

The benchmark residential price in October was $568,000, down nearly one per cent from September and over four per cent lower than last year.

Detached Homes

• Sales: 1,012 units — up from last month, but five per cent lower year-over-year
• Benchmark Price: $744,400 (down one per cent from last year)
• Market Balance: Around three months of supply — stable conditions

Prices remain steady overall, though regional variations persist — from modest gains in the City Centre to declines in the North East.

Semi-Detached Homes

• Sales: 186 units
• Inventory: 613 units (approximately three months of supply)
• Benchmark Price: $683,100 (up one per cent from last year)

Although inventory is up slightly, prices remain resilient — still over three per cent higher year-to-date.

Row Homes

• Sales: 275 units (down 17 per cent year-to-date)
• Inventory: 1,054 units — record high for October
• Benchmark Price: $431,200 (down six per cent year-over-year)

Increased supply continues to weigh on prices, especially in the North East and North districts.

Apartment Condominiums

• Sales: 412 units
• Inventory: 1,891 units (approximately five months of supply)
• Benchmark Price: $318,200 (down seven per cent year-over-year)

Buyer’s market conditions persist, with elevated supply continuing to pressure prices downward.

Surrounding Areas

Airdrie
Sales remain steady, but new listings reached record highs. The benchmark price was $520,400, nearly five per cent lower than last year.

Cochrane
Sales improved, keeping conditions relatively balanced. The benchmark price was $585,200, up over two per cent from last year.

Okotoks
New listings increased sharply, but inventory remains tight. The benchmark price was $618,600, stable compared to last October.

Summary
Calgary’s housing market is showing signs of greater balance. Detached and semi-detached homes remain stable, while elevated supply in the apartment and row segments continues to soften prices.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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