If you’re living in Calgary and thinking about buying a home, the real question may not simply be:

“Will home prices continue to fall?”

A better question is:

“Given today’s market conditions, does buying a home make sense for me and my family?”

As of September 2026, my answer is: This could be a good time for buyers to explore opportunities — but not every property type or area of Calgary is experiencing the same market.

What is happening in Calgary’s housing market?

According to CREB®’s August 2026 statistics:

• Calgary recorded 1,660 sales, down 16% from August 2025.

• There were approximately 6,509 homes in inventory.

• Months of supply increased to nearly 4 months.

• The overall benchmark price was $569,800, about 1% lower than the previous year.

What stands out to me isn’t simply the 1% decline in prices.

It’s that buyers generally have more choice and more time to make decisions than they did during Calgary’s highly competitive market of recent years.

However, the market looks very different depending on the type of property you’re buying.

Detached homes: The benchmark price was approximately $744,300, down about 1% year-over-year, with just over three months of supply.

Row/Townhouses: The benchmark price was approximately $415,200, down about 5%.

Apartment condos: The benchmark price was approximately $295,400, down about 8%, with close to six months of supply.

In other words, a buyer shopping for a condo may have significantly different negotiating power than someone competing for a desirable detached home in a high-demand community.

What about interest rates?

On September 2, 2026, the Bank of Canada maintained its policy interest rate at 2.25%, where it has remained since late 2025.

That does not mean your mortgage rate will be 2.25%. Mortgage rates depend on the lender, mortgage type and term, your financial profile, and other factors.

However, the interest-rate environment has become more stable compared with the period of rapidly rising rates we experienced previously.

So, should you buy now?

I wouldn’t recommend buying simply because you hear that “prices are down.”

I would consider buying in today’s market if:

• You have stable income and sufficient down payment.

• The mortgage payment comfortably fits your household budget.

• You plan to own the property for the medium to long term.

• You find the right property in the right community for your needs.

• Most importantly, the numbers make sense for that particular property — not simply because the overall market has become more favourable to buyers.

Clara’s Perspective

What I like about the current market is that buyers have more opportunity to make decisions based on the numbers rather than emotion or fear of missing out.

Higher inventory, price adjustments in some segments, and longer selling times can give buyers more opportunity to compare properties, complete proper due diligence, and negotiate instead of feeling pressured to make an immediate decision.

But I would not say that “2026 is a good time to buy every property in Calgary.”

A condo in a market with excess supply should be evaluated very differently from a detached home in a desirable NW Calgary community where supply may still be below three months.

The best time to buy isn’t simply when the market is down. It’s when your finances are ready and you can purchase the right property at a price that makes sense.

Sources: CREB® Calgary Housing Market Statistics, August 2026; Bank of Canada, September 2, 2026.

https://www.creb.com/News/Media_Releases/2026/September/August_2026_Stats/

https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

Nếu bạn đang sống tại Calgary và dự định mua nhà, câu hỏi có lẽ không chỉ là “Giá nhà có giảm nữa không?” mà quan trọng hơn là:

“Với tình hình thị trường hiện nay, mua nhà có phải là quyết định hợp lý cho gia đình mình không?”

Câu trả lời của tôi vào thời điểm tháng 9/2026 là: Đây có thể là một thời điểm khá tốt để người mua tìm kiếm cơ hội — nhưng không phải mọi loại nhà và mọi khu vực ở Calgary đều giống nhau.

Thị trường Calgary hiện nay đang như thế nào?

Theo số liệu CREB® tháng 8/2026:

• Calgary có 1,660 giao dịch, giảm 16% so với cùng kỳ năm 2025.

• Có khoảng 6,509 căn đang được rao bán.

• Lượng cung đã tăng lên gần 4 tháng.

• Benchmark price toàn thị trường là $569,800, thấp hơn khoảng 1% so với năm trước.

Điều đáng chú ý nhất không phải chỉ là giá giảm 1%, mà là người mua hiện có nhiều thời gian và lựa chọn hơn so với giai đoạn thị trường quá nóng trước đây.

Nhưng thị trường đang phân hóa rất rõ theo loại nhà.

Detached: Benchmark khoảng $744,300, giảm khoảng 1% so với năm trước và lượng cung chỉ hơn 3 tháng.

Row/Townhouse: Benchmark khoảng $415,200, giảm khoảng 5%.

Apartment condo: Benchmark khoảng $295,400, giảm khoảng 8% so với năm trước và hiện có gần 6 tháng nguồn cung.

Nói cách khác, nếu bạn mua condo, vị thế thương lượng của người mua hiện nay có thể rất khác so với khi bạn đang tìm một căn detached đẹp ở một khu vực có nhu cầu cao.

Còn lãi suất thì sao?

Ngày 2/9/2026, Bank of Canada giữ policy rate ở mức 2.25%. Đây là mức đã được duy trì từ cuối năm 2025 đến nay.

Điều này không có nghĩa mortgage rate của bạn sẽ là 2.25% — lãi suất mortgage còn phụ thuộc vào lender, loại mortgage, thời hạn, hồ sơ tài chính và nhiều yếu tố khác — nhưng môi trường lãi suất hiện nay đã ổn định hơn so với giai đoạn lãi suất tăng mạnh trước đó.

Vậy có nên mua ngay bây giờ?

Theo tôi, bạn không nên mua nhà chỉ vì nghĩ rằng “giá đang xuống nên phải mua”.

Tôi sẽ cân nhắc mua trong thị trường hiện tại nếu:

• Bạn có thu nhập và down payment ổn định.

• Khoản mortgage vẫn thoải mái trong ngân sách gia đình.

• Bạn dự định giữ căn nhà trong trung hoặc dài hạn.

• Bạn tìm được đúng property và đúng community phù hợp với nhu cầu.

• Và quan trọng nhất: con số của căn nhà đó hợp lý, chứ không chỉ vì thị trường chung đang thuận lợi hơn cho buyer.

Góc nhìn của Clara

Điều tôi thích ở thị trường hiện nay là buyer có nhiều cơ hội để ra quyết định bằng lý trí hơn.

Có thêm inventory, một số phân khúc đang giảm giá và nhiều căn nhà mất nhiều thời gian hơn để bán. Điều đó cho buyer thêm cơ hội để so sánh, kiểm tra căn nhà kỹ hơn và thương lượng, thay vì cảm giác phải quyết định ngay lập tức vì sợ mất nhà.

Nhưng tôi sẽ không nói rằng “2026 là thời điểm tốt để mua mọi căn nhà ở Calgary.”

Một căn condo đang ở thị trường dư cung cần được đánh giá khác với một căn detached ở NW Calgary nơi lượng cung có thể vẫn dưới 3 tháng.

Thời điểm tốt nhất để mua không đơn giản là khi thị trường xuống — mà là khi tài chính của bạn sẵn sàng và bạn tìm được đúng căn nhà với mức giá hợp lý.

Nếu bạn cần tìm hiểu thêm thông tin về thị trường nhà đất tại Calgary, bạn có thể liên hệ với Clara để biết thêm chi tiết.

Dữ liệu tham khảo: CREB® Calgary Housing Market Statistics, August 2026; Bank of Canada, September 2, 2026.

https://www.creb.com/News/Media_Releases/2026/September/August_2026_Stats/

https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

After several years of strong population growth fueled by interprovincial migration, Calgary’s housing market is beginning to cool. A new outlook from the Conference Board of Canada shows a sharp decline in Canadians moving to Alberta—especially into Calgary—and the effects are already showing in local real estate.

In 2023 and 2024, Calgary welcomed more than 18,000 new residents annually from other provinces. However, that number dropped significantly in 2025 and is projected to fall further by 2030. As migration slows, housing demand is easing.

What This Means for Calgary Real Estate

• Fewer buyers are active in the market.

• Inventory levels are increasing.

• Homes are taking longer to sell.

• Multiple-offer situations are becoming rare.

• Sales volume dropped over 14% late last year.

After years of strong seller’s market conditions, Calgary is now shifting toward a more balanced—or even buyer-friendly—market.

Why the Slowdown?

Several factors are contributing:

• Reduced federal immigration targets

• Economic uncertainty and U.S. tariffs

• Rising cost of living

• Housing affordability pressures

• Strain on healthcare and school infrastructure

While Calgary is seeing a sharper cooling trend, Edmonton’s market remains more stable but could also soften depending on economic conditions.

What to Expect in 2026

Looking ahead, Calgary’s housing market will likely be influenced by:

• Oil price trends

• Economic stability

• Migration levels

• Interest rate movements

For buyers, this shift may create more negotiating power and improved inventory options. For sellers, pricing strategy and market positioning will become more important than ever.

Full article  is here https://calgary.citynews.ca/2026/01/06/alberta-migration-slowdown-calgary-housing/

Calgary, Alberta, Jan. 2, 2026 – Following several years of strong price growth, 2025 marked a year of transition thanks to strong demand and limited supply. Due to record high starts, supply levels improved across all aspects of the housing market, just as demand pressure eased due to a reduction in migration levels and heightened uncertainty that persisted throughout the spring market. This helped shift the resale market from one that favoured the seller to one that was more balanced. In 2025, sales reached 22,751 units, down 16 per cent over last year, but in-line with long-term trends. Much of the shift came from the growth in supply. 2025 saw over 40,000 new listings come onto the market, nine per cent higher than last year, causing inventories to rise and driving more balanced conditions.

“Supply levels were expected to rise in 2025. However, the growth was higher than expected especially for apartment condominium and row homes. This weighed on prices in those sectors enough to offset the annual gains reported for both detached and semi-detached homes,” said AnnMarie Lurie, CREB®’s Chief Economist. "Adjustments in both supply and demand varied across the city, with pockets of the market continuing to experience seller’s market conditions versus some areas where the conditions favoured the buyer. This resulted in different price trends based on location, price range and property type.

” Overall, the annual average total residential benchmark price in 2025 was $577,492, two per cent lower than last year’s annual average. However, annual detached and semi-detached prices rose by a respective one and three per cent, while apartment and row homes saw prices fall by a respective three and two per cent.

Compared to other districts, the North East reported the largest decline in prices this year. While some of this is related to improved supply across all areas of the city, it is also important to note that the North East district also reported the strongest price growth over the past two years. For the first time in three years, we are heading into the New Year with better inventory levels. Details on what is expected to happen in the market in 2026 will be released at CREB®’s annual.

Published by CREB

Slow start for high-density homes

Calgary, Alberta, Feb. 2, 2026 – Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes.

“Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this is not entirely uncommon for January, as both buyers and sellers weigh their options ahead of the spring market.”

The rise in new listings compared to sales caused inventory levels to increase to 4,391 units, the highest January level since 2020. However, as with sales, conditions vary by property type, with row and apartment homes facing higher levels of inventory compared to longterm trends. The result is months of supply that ranges from under three months in the detached sector to five months for apartment-style homes.

Due to declines in the later part of 2025, benchmark prices are lower than levels reported at the start of last year. However, seasonally adjusted figures point to stable levels in January compared to the end of 2025. Nonetheless, year-over-year total residential benchmark prices have declined by nearly five per cent, as steep declines reported in the oversupplied row- and apartment-style homes weighed on total residential prices compared to last year.

Published by CREB

Calgary, Alberta, Jan. 20, 2026 – The Calgary Real Estate Board (CREB®) is excited to announce the release of its 2026 Forecast Calgary and Region Yearly Outlook Report.

This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, provides an in-depth analysis of Calgary's economic and housing market trends for the upcoming year. 

The 2026 report highlights how rising starts over the past several years are translating into supply growth at a time when demand is shifting due to slowing migration and shifting economic conditions.   

"In 2025, the market transitioned from one that favoured the seller to more balanced conditions, as improving supply in the new home, rental and resale markets occurred just as demand returned to more typical levels. This took much of the pressure off home prices last year, especially in the apartment and row segments," said Ann-Marie Lurie, Chief Economist at CREB®.  

Lower migration levels, stable employment and interest rates are expected to prevent any substantial change in demand in 2026. However, supply pressures are expected to continue as 26,000 units that are currently under construction are completed over the new few years. 

"Much of the supply growth will be apartment-style rental and ownership units, and while starts are expected to ease this year, it will take time to absorb the supply, considering the weaker migration levels. Ultimately, this will continue to place downward pressure on prices for apartment- and row-style homes. Meanwhile, conditions are more balanced for detached and semi-detached homes, supporting relative price stability for those homes," Lurie added. 

The report also notes there are several factors that could impact the housing market over the next few years. The recently signed memorandum of understanding (MOU) between the federal and provincial government provides upside risk to the forecast, as shifts in federal regulatory barriers affecting the energy sector may encourage both confidence and investment in Calgary. On the downside, the renegotiation of the Canada-United States-Mexico Agreement (CUSMA) this year could create additional uncertainty. Combined with lower energy prices, this could potentially slow positive momentum in business investment activity. 

Click here to read the full CREB® 2026 Forecast Calgary and Region Yearly Outlook Report.