September 2026 market snapshot. All charts and scenario results are shown below. Mortgage illustration: $566,700 purchase, 20% down, 4.50% interest, 25 years. Scenario results use the all-residential benchmark and the stated hypothetical assumptions.
Calgary & surrounding communities
What’s happening in
your corner of Calgary?
Whether you’re thinking of buying, selling or simply keeping an eye on things, these numbers are a starting point. Let’s look at what they could mean for your next move.
Checked October 15, 2026 · WOWA updated October 2 · CAD
A changing price picture
September 2025 vs. September 2026
Benchmark prices track a typical home. Detached: $739,400; semi-detached: $685,200; row: $412,400; apartment: $291,400.
The supply gap
Months of supply by property type
More choice in apartments.
Less room in detached.
WOWA reports rounded months of supply: 3.3 detached, 3.7 semi-detached, 4.5 row and 5.3 apartment. City-wide conditions are balanced; apartments favour buyers.
The type of home matters
Different homes. Different conditions.
Compare typical-home values, sales activity and available supply.
| Property type | Benchmark | Benchmark YoY | Sales | Sales YoY | Inventory (CREB) | Supply | Days on market (CREB) |
|---|---|---|---|---|---|---|---|
| Detached | $739,400 | -1.00% | 896 | +4.30% | 2,968 | 3.3 | 38 |
| Semi-detached | $685,200 | +0.10% | 163 | +4.50% | 599 | 3.7 | 43 |
| Row / townhouse | $412,400 | -5.50% | 248 | -18.00% | 1,103 | 4.5 | 50 |
| Apartment | $291,400 | -8.30% | 343 | -14.50% | 1,816 | 5.3 | 55 |
Where transactions happened
Share of 1,650 September sales
Benchmark price momentum
Year-over-year change · WOWA reported percentages
Sale prices at a glance
September 2026 · WOWA. Average and median describe completed sales; benchmark describes a typical home.
| Property type | Average sold | Average YoY | Median sold |
|---|---|---|---|
| All residential | $646,198 | +5.1% | $574,444 |
| Detached | $823,483 | +5.3% | $686,750 |
| Semi-detached | $686,328 | −0.1% | $585,000 |
| Row / townhouse | $432,178 | −5.4% | $405,000 |
| Apartment | $318,759 | −8.7% | $288,000 |
Homes sold at 97.4% of list price on average, versus 97.8% a year earlier (WOWA). This is a market ratio, not an expected discount for an individual property.
A closer look at your area
How does your area compare?
September total-residential benchmarks from the original supplied report; not refreshed from WOWA. Property mix differs across locations.
Calgary district benchmarks
Price and year-over-year change
Regional supply comparison
Active inventory ÷ September sales
Okotoks has the tightest supply among these six markets; Chestermere offers the most months of inventory at September's sales pace. These are market-level readings, not property valuations.
Airdrie
Cochrane
Chestermere
Okotoks
High River
Strathmore
The year so far
2026 through September.
January–September cumulative activity and reported year-to-date measures.
Fewer transactions. More time to sell.
Year-to-date figures match the September CREB statistics package; these are not full-year totals or forecasts.
September market activity
Same-month comparisons · units
What it means for your budget
What could the monthly payment look like?
Policy rates and mortgage rates are different. See what borrowing costs mean in dollars.
WOWA reports 2.25% at the September 2, 2026 decision; source updated October 2. This is a dated observation.
WOWA excerpt dated October 8, 2026. Eligibility and lender terms apply; not independently verified.
Insured nesto quote in supplied excerpt. Capture context: October 8, 2026; not independently verified.
The policy-rate path
Original supplied rate history · not refreshed from WOWA
Policy rates influence variable borrowing costs. Fixed mortgage rates also reflect bond yields and lender pricing. Neither quoted mortgage rate above is the policy rate.
What would your payment look like?
Illustrative monthly principal & interest
Rate is an editable assumption, not a lender offer. Canadian semi-annual compounding, monthly payments and 20%+ down; excludes taxes, insurance, condo fees, closing costs and mortgage qualification. Assumes the selected rate for the calculation.
Looking a little further ahead
What could 2027 & 2028 look like?
Try a few “what ifs” for prices and borrowing costs. These examples explore possibilities; they aren’t predictions.
All residential scenarios
September 2026 baseline → September 2028
Lines connect annual scenario endpoints; they do not represent monthly predictions or confidence intervals. The same editable growth assumptions are applied to the selected market.
Base-case assumptions & payment.
Base case: A hypothetical stabilization and modest recovery.
Base case: +2% price growth in 2027; +3% in 2028; 4.00% mortgage rate in 2028.
$119,075 down · 4.00% assumed rate
20% down, 25-year amortization. Mortgage-rate assumptions affect payments only; price growth is a separate assumption. No causal relationship is fitted.
Scenario assumptions & results
Each rate and growth input below is hypothetical; no probabilities are assigned.
| Scenario | 2027 growth | 2028 growth | 2027 price | 2028 price | 2028 mortgage rate | 2028 payment / mo. |
|---|---|---|---|---|---|---|
| Downside | -4.00% | -2.00% | $544,032 | $533,151 | 5.75% | $2,666 |
| Base case · selected | +2.00% | +3.00% | $578,034 | $595,375 | 4.00% | $2,505 |
| Upside | +5.00% | +5.00% | $595,035 | $624,787 | 3.25% | $2,430 |
Model: P₂₀₂₇ = Pₛₑₚ₂₀₂₆ × (1 + g₂₀₂₇); P₂₀₂₈ = P₂₀₂₇ × (1 + g₂₀₂₈). These are September-to-September nominal prices, not annual averages or year-end estimates. No seasonality, inflation adjustment, econometric fitting or external forecast is embedded. Actual outcomes may fall outside all three paths.
Behind the numbers
Where the numbers come from.
Why some sources show different figures
Checked October 15, 2026 against WOWA’s Calgary Housing Market Report, updated October 2 for September 2026. Headline and segment year-over-year percentages use WOWA as requested. Its reported changes differ from calculations using CREB’s September statistics package: for example, WOWA reports sales down 4.1%, while 1,716 to 1,650 calculates to a 3.85% decline. These are distinct source series, not interchangeable percentages.
Historical comparison charts and the detailed table retain the original CREB figures; the table explicitly shows calculated changes. Segment inventory and selling times also retain CREB figures. WOWA supplies rounded segment months of supply. District and regional figures remain from the supplied report and are not newly verified here. Year-to-date totals were checked against CREB’s September package. Mortgage quotes and older rate history remain dated original inputs. Scenario growth and mortgage rates are hypothetical assumptions. This snapshot does not update automatically.
CREB comparison: September 2025 vs. September 2026
| Metric | September 2025 | September 2026 | Calculated CREB change |
|---|---|---|---|
| Sales | 1,716 | 1,650 | -3.85% |
| New listings | 3,782 | 3,354 | -11.32% |
| Inventory | 6,919 | 6,486 | -6.26% |
| Benchmark price | $571,400 | $566,700 | -0.82% |
| Median price | $560,500 | $574,444 | +2.49% |
| Average price | $615,813 | $646,198 | +4.93% |
| Days on market | 42 | 44 | +4.76% |
| Months of supply (calculated) | 4.03 | 3.93 | -2.51% |
How the mortgage calculations work
Monthly rate r = (1 + annual nominal rate ÷ 2)^(2 ÷ 12) − 1. With principal L and n monthly payments, payment = L × r ÷ [1 − (1 + r)^(−n)]. The main calculator uses your chosen price, down payment, rate and amortization. The scenario lab always uses 20% down and 25 years. These are new-purchase illustrations at each scenario price, not projections of an existing mortgage balance or a renewal quote. The calculator does not assume you qualify for the entered rate or amortization.
What the three scenarios mean
Base case: an illustrative stabilization path (+2% in 2027, +3% in 2028; 4.00% mortgage rate in 2028). Upside: stronger demand and absorption (+5%, +5%; 3.25% rate). Downside: softer demand or persistent excess supply (−4%, −2%; 5.75% rate). These are author-selected hypothetical inputs, not predictions from CREB, the Bank of Canada or a lender. The rates and price changes are independent inputs. They can be edited and are not statistical confidence bounds.
Sources: WOWA September 2026 report; CREB September statistics package; original supplied regional and rate data as labelled. Market information and hypothetical models are educational, not a property appraisal, mortgage offer or financial forecast. MLS® and related marks are owned by the Canadian Real Estate Association.
Let’s make it relevant to you
What does this mean for your move?
A citywide number can only tell you so much. Tell me the neighbourhood and type of home you have in mind, and we can look at the comparisons that matter to you.
Talk through the market with Josh →