Calgary Real Estate in August 2026: The Slowdown Accelerates
Citywide sales fell 13 per cent in a single month, from 1,904 in July to 1,660 in August, and are down 16 per cent from a year ago. Here's the full month-over-month and year-over-year breakdown by property type, and what it signals heading into fall.
July vs. August vs. Last Year
CREB® released its August 2026 statistics on September 1. Here is how the city-wide total residential market moved month-over-month, and where it stands compared with August 2025.
| Metric | Jul 2026 | Aug 2026 | Month/Month | Year/Year |
|---|---|---|---|---|
| Sales | 1,904 | 1,660 | −244 (−12.8%) | −16% |
| New Listings | 3,323 | 3,141 | −182 (−5.5%) | −10% |
| Inventory | 6,626 | 6,509 | −117 (−1.8%) | −2% |
| Months of Supply | 3.48 | 3.92 | +0.44 | +17% |
| Sales-to-New-Listings Ratio | 57% | 53% | −4 pts | — |
| Benchmark Price | $569,200 | $569,800 | +$600 | −1% |
"While sales growth in the upper end of the market was possible thanks to improved supply choice, it also reflects longer-term confidence in our market, as some buyers are not shying away from taking advantage of the available supply. Meanwhile, we have not seen the same pickup in activity in the lower price ranges, as favourable rental conditions are slowing the transition to ownership."
— Ann-Marie Lurie, Chief Economist, CREB®
The benchmark price barely moved city-wide, both month-over-month and year-over-year, but that stability is hiding a widening split underneath it. The pullback in sales hit hardest in exactly the segment that was already struggling.
Detached: Basically Unchanged, Which Is the Point
Detached was the most stable property type from July to August, and stability itself is the story here.
Detached sales always ease seasonally into late summer, so this drop is not itself a red flag. What matters is that price held both month-over-month and roughly year-over-year. For sellers, that means the pricing discipline that worked in July still works in August, but the extra half-month of supply means an overpriced listing will sit longer before that becomes obvious.
Semi-Detached: Still the Quiet Middle Ground
Row Homes: A Second Straight Month of Easing
Row and townhouse prices continued their slide: five per cent lower than August of last year, though the month-over-month drop in months of supply is a small bright spot. New-home competition is still pulling buyers away from resale row product, and sellers in this segment need to price to today's market, not to comparable sales from earlier in the year.
Apartment Condos: The Correction Is Deepening, Not Stabilizing
This is where the month-over-month shift matters most, and where the year-over-year numbers are worst across the board.
Outside the City: Regional Markets Softened Further
The towns surrounding Calgary moved the same direction as the city on price, falling both month-over-month and year-over-year:
| Market | Jul 2026 | Aug 2026 | Month/Month | Year/Year |
|---|---|---|---|---|
| Airdrie | $513,300 | $508,800 | −$4,500 | −4.5% |
| Cochrane | $575,800 | $570,200 | −$5,600 | −2.3% |
| Okotoks | $617,900 | $608,400 | −$9,500 | −1.8% |
Airdrie eased slightly on price, with months of supply essentially flat month-over-month (3.79 → 3.77). Cochrane is the one market bucking the sales slowdown: sales improved to 94 units and months of supply tightened sharply (4.22 → 3.41), pushing the sales-to-new-listings ratio above 60 per cent even as price eased. Okotoks saw the largest dollar-value price drop of the three, but its sales-to-new-listings ratio remains elevated at 81 per cent, still the tightest of the surrounding markets and the only one trending toward a Seller's Market.
What the July-to-August Shift Tells Us
One month is not a trend on its own, but the direction lines up with where 2026 has been heading all year: detached and semi-detached are absorbing the slowdown gracefully (semi-detached is even up 1% year-over-year on price), while row homes face sustained but manageable pressure, and apartments are moving deeper into buyer's-market territory both month-over-month and year-over-year rather than finding a floor.
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