Mid-Q3 brought a noticeable cooling in Calgary’s real estate scene, with 1,660 recorded sales—about 16% fewer than last year—and an overall benchmark price shifting to $570,000 after a 1% dip. I’ve seen this play out especially in the condo market: apartment benchmarks fell to $295,000, down 8% yearly, and row homes averaged $415,000 after a 5% decline. While detached homes settled near $744,000 (down about 1%), it was semi-detached properties that bucked the trend, holding at $691,000 with a slight yearly gain.
Supply also shifted: 3,140 new listings came to market (about 10% less than last year), and active inventory sits at 6,510 homes, only slightly down overall. I’m noticing more options at the upper end, while strong rental conditions are leading some to pause on a first purchase or move-up. If you’re navigating this landscape—whether buying your first home or repositioning after a major life change—I know these numbers can feel overwhelming. My approach always aims to bring clarity and a sense of calm, ensuring you make confident decisions in any market condition.
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