Calgary’s resale market is taking a brief detour this mid-Q3, with sales down 3.4% month-over-month and 11% year-over-year. The local price index has eased by 0.3% compared to last year—not a dramatic drop, but a sign of softer conditions. As someone who lives and breathes Calgary real estate, I see this as a pause rather than a shift in direction—echoing economists who point to renewed trade tensions and growing uncertainty. This isn’t the first time Calgary’s market has diverged; by late Q1, resale activity had already cooled, and that trend has lingered for about six months.

For clients weighing their next move, it’s important to recognize that softer prices can limit equity growth, especially for those facing mortgage renewals. This reality means some homeowners have less cushion to absorb higher payments. The central bank held rates steady through late Q3, but there’s talk of a possible hike before year-end—a variable that could shape our market’s recovery path.

My approach always blends data, strategy, and hands-on insight, helping buyers and sellers navigate these shifts with confidence. Understanding the numbers—and what’s driving them—can make all the difference in your next property decision.

Looking ahead to 2027, Calgary’s real estate landscape continues to demonstrate its resilience. MLS sales are projected to reach 26,000—still below 2025’s activity, but an improvement over 2026’s softer outlook. Average prices are anticipated to hover around $645,000, holding steady as robust construction and increased housing supply balance out the pressure from Calgary’s growing population. Rental vacancy is expected to reach 5.8%, thanks to a notable influx of new rental units. This shift brings more choice and flexibility for tenants across the city. Meanwhile, housing starts are forecast at about 21,000 units, keeping Calgary firmly in the spotlight as one of Canada’s most active major markets for new builds. As someone who blends market data, mortgage insights, and on-the-ground experience, I see these trends as opportunities for buyers, investors, and newcomers to make informed, strategic decisions—whether you’re considering your first home, a move-up purchase, or adding to your investment portfolio. Calgary’s evolving market keeps rewarding those who plan with both precision and vision.

Calgary’s resale housing market has shown some interesting contrasts lately. While overall resales dipped 16% year-over-year, the luxury segment—homes priced at $1.5 million and above—actually saw sales rise by 53% through mid-Q3. That’s a clear signal of confidence among high-end buyers, even as the broader market cools. For most buyers, the $500K–$650K range remains the most active, still offering opportunities for semi-detached and single-family homes. This steady demand continues to drive move-up activity, a trend I often see firsthand with clients re-evaluating their options.

Multi-family properties—especially new apartments and townhomes—have seen more supply come online, pushing apartment condo sales down 26% and benchmark prices down 8%. Despite these shifts, Calgary’s aggregate benchmark price edged up 1% to around $570,000, with total supply up 17% recently.

Looking ahead, some experts anticipate a middle-market rebound as buyers who’ve been waiting on the sidelines re-enter the market—especially now that the referendum is behind us. As always, I focus on helping clients understand how these market shifts affect their financing options, property searches, and long-term real estate goals. Staying informed and making data-driven decisions is key in a dynamic market like Calgary’s.

Looking ahead to 2027, the landscape for Canadian housing could look quite different. According to CMHC, we should see a gradual improvement in housing conditions as incomes and broader economic growth gain momentum. While sales are expected to recover, they’ll likely remain below the pace we saw in the last decade. The Canadian Real Estate Association is projecting only modest national price growth, which points to a more stable market instead of another rapid price run-up. In some areas, higher inventory and softer demand may continue to tip the scales in favour of buyers, offering more negotiating leverage. I always emphasize the importance of understanding these evolving trends—especially when it comes to timing, financing options, and long-term value. Whether you’re a first-time buyer, seasoned investor, or planning your next move, a data-driven approach and clear-eyed strategy are essential for making confident property decisions in this changing environment.

Calgary’s current housing numbers paint a nuanced story for buyers, sellers, and investors. While this year’s housing starts are projected around 23,000—about 20% below last year—they’re still hovering near the pace needed to restore pre-pandemic affordability by 2036. Interestingly, purpose-built rentals are leading much of Calgary’s construction activity, accounting for 60% of new starts and also explaining 30% of the overall slowdown.

Sales activity has shifted: by mid-Q3, apartment sales were down 26%, semi-detached homes fell 18%, row homes 16%, and detached homes 12%. Yet despite these declines, new listings haven’t picked up enough to change the underlying buyer’s market feel.

Even with fewer starts, Calgary is expected to finish the year about 4,000 above its 10-year average. Competition remains strong, with overall housing competition up 9%, and apartments leading at 32%. One factor keeping the market dynamic: Calgary’s job growth, up 5% year-over-year, which continues to attract new residents and fuel construction, even as population growth is expected to stabilize and then rise again.

For those weighing their next move—whether it’s a first purchase, a new investment, or a strategic upgrade—understanding these market forces is essential. My approach always blends real data, mortgage strategy, and a clear-eyed view of long-term ROI, so you can make informed, confident decisions in a shifting landscape.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Understanding Alberta’s new home warranty is a key step for anyone buying, selling, or investing in our market. Since February 1, 2014, every new home in Alberta must have warranty coverage that stays with the property—not just the first owner. That warranty starts as soon as you take occupancy, get permission to occupy, or title transfers, whichever comes first. Since December 1, 2017, builders also need to hold a valid active licence. Seven warranty providers currently operate in Alberta, and municipalities confirm both builder licensing and warranty coverage before approving permits. If you’re considering a home built after February 1, 2014, know that it cannot be sold or even listed until the warranty is registered. As a REALTOR® and mortgage expert, I always remind clients to verify coverage before making any moves—buyers and agents can easily check details in the property registry for both homes and builders. Protecting your investment starts with understanding the rules and making sure every box is checked. My goal is to ensure you’re not just excited about your next property, but also confident in the process and protected for the long run.