Here’s a quick breakdown of Calgary’s Mid-Q3 real estate trends—insights I find crucial for anyone considering a move, an investment, or a strategic shift in the property market. Sales activity slowed, with 1,660 transactions recorded—about 16% fewer than last year. The residential benchmark price eased to $570K, reflecting a subtle dip of nearly 1%. If you’re watching condos, you’ll note this segment drove much of the softening: apartment benchmarks settled at $295K (down 8% year over year), and row homes averaged $415K after a 5% annual decline. Detached homes held relatively steady, with benchmarks at $744K (off just 1%), while semi-detached properties saw a modest gain, now at $691K.
On the supply side, new listings were at 3,140—down 10% from last year—while total inventory inched down to 6,510 homes. What’s particularly interesting for buyers and investors: supply improved at the higher end of the market, while strong rental conditions have made some would-be buyers hit pause, especially at more affordable price points.
As always, I approach these numbers with a blend of data, financing strategy, and local experience. Whether you’re entering the market, repositioning your portfolio, or just keeping an eye on trends, understanding these shifts is key to smarter real estate decisions in Calgary.
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