Market update: November 2026
Calgary is two markets
The citywide price barely moved in October, but the story is underneath it. Here’s what I covered on the Canadian Real Estate Channel this month.
Supply
Houses are balanced. Condos and row homes lean to a buyers market.
Months of supply by property type, October 2026
Houses held. Condos didn’t.
Detached and apartment condo prices rose together from early 2024, then split. Part of the reason is supply: Calgary built a record amount of apartment-style housing, and new buildings compete directly with resale condos.
Detached
$735,100benchmark price, down 4% from its March 2025 peakApartment condo
$288,800benchmark price, down 15% from its August 2024 peakSales slowed, but listings fell too
Sales were down 15.3% from last October. New listings were down 9.4%, and condo listings fell 19.3%, so homes aren’t piling up. My read is that owners who don’t have to sell into soft prices aren’t selling.
My read
What’s working right now
This is my own read on the market today. Every deal needs its own numbers.
Working
- Single-family homes in good areas with lower rental supply
- BRRRRs: adding a suite and value through strategic renos
- Airbnbs in the right building
Underwrite very carefully
- Multi-family projects
- 8-plexes, new or existing, because rents have dropped
Avoid for now
- Long-term rentals in condos and townhomes
A good area comes down to schools, safety, location, amenities and lower rental supply. I started BNB Experts in 2021, so I have a stake in the Airbnb side.
Let’s talk
Looking at Calgary? Let’s run your numbers.
Happy to jump on a call or a Zoom.
Book a call
Sources: CREB and City of Calgary, October 2026. Opinions are Tristan’s own. Not financial or legal advice.