A quieter pace has settled over Calgary’s real estate scene in Mid-Q3. We saw 1,660 sales—a drop of about 16% from last year—with the residential benchmark price easing to $570,000, reflecting a gentle dip of nearly 1%. Condos are feeling the shift most, with apartment benchmarks at $295,000 (down 8% year-over-year) and row homes at $415,000 after about a 5% yearly decline. Detached homes found their footing around $744,000, just under 1% lower than last year, while semi-detached properties edged up slightly to $691,000.
Inventory has also shifted: 3,140 new listings came to market (down 10% annually), leaving buyers with 6,510 available homes—just a touch less than last year. Activity isn’t the same across the board: higher price ranges have steadied thanks to improved supply, but the entry-level market is seeing renters hold back, with attractive rental options making it harder for some to take the leap into ownership.
Having spent nearly two decades guiding Calgary families through these cycles—from the excitement of a first purchase to renovations and investment opportunities—I know how much the numbers only tell part of the story. For anyone watching these trends and wondering what it means for your next step, experience and a local’s perspective truly matter.
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