Calgary market · July 2026

Calgary Condos, Read Honestly

Apartment-style condos are the softest segment in Calgary right now — $297,600 benchmark, -8.4% year over year, 4.90 months of supply and 54 days to sell. That is uncomfortable if you own one and interesting if you are buying one. This page is the honest version of both.

CREB® benchmark data for July 2026 · 1,947 active listings from the MLS® feed, synced August 18, 2026

Calgary condos for sale right now

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Where the segment actually sits

These are CREB® figures for the apartment segment citywide, not a hand-picked slice. Months of supply is the number worth watching: under about two months favours sellers, over about four favours buyers.

$297,600
Benchmark price
-8.4%
Year over year
4.90
Months of supply
54
Days on market
408
Sales this month
51%
Sales to new listings

For context, detached sits at $743,900 with 2.90 months of supply. The gap in supply between segments is the whole story: it is why negotiating room exists here and not there.

What is on the market today

1,947 active listings across Calgary, median asking price $299,900, ranging from $99,900 to $7,175,000. Asking prices are what sellers want; the benchmark above is what the market has been paying.

Price bandListingsShare
Under $250k54428%
$250k–$350k80241%
$350k–$500k42422%
$500k–$750k1065%
$750k and up714%

Age of the stock, and why it matters

Age is the single biggest driver of condo risk in Calgary. Older buildings are not automatically bad buys — some of the best-run corporations in the city are in older stock — but they are the ones where the reserve fund study, the board minutes and the insurance deductible matter most.

BuiltListingsShare
Before 198027014%
1980–19841377%
1985–1997583%
1998–200950226%
2010–201960431%
2020 or newer37319%

Where the inventory is

Communities with at least twelve active listings, so the medians mean something. Concentration matters when you are buying — it tells you where you will have choice and where you will be competing.

CommunityActiveMedian ask
Beltline276$299,900
Sage Hill49$295,000
Seton49$334,900
Mahogany48$385,000
Downtown East Village46$349,000
Skyview Ranch45$264,900
Eau Claire43$499,000
Mission38$319,000
Downtown Commercial Core38$315,000
Bridgeland/Riverside37$315,000
Downtown West End36$335,000
University District36$509,900
Lower Mount Royal34$248,842
West Springs31$529,000
Legacy31$310,000
Haysboro29$215,000

By CREB® district

Benchmark prices for this segment across the city’s eight reporting districts.

CREB districtBenchmark
City Centre$309,900
North$300,300
North East$261,500
North West$294,600
West$326,500
South$277,300
South East$319,200
East$222,800

Depending on why you are buying

Buying one to live in

A softer market is a buyer’s market, and the leverage shows up in the numbers: at 4.9 months of supply and 54 days on market, sellers are negotiating. The mistake buyers make is shopping on price and monthly fee alone, then discovering the corporation’s financial position afterwards. The unit is the easy part. The corporation is the purchase.

Buying one as an investment

Condo fees are the variable that turns a promising cap rate into a negative one, and unlike a mortgage payment they are not fixed — they move with the corporation’s costs, and a special assessment can arrive in a single letter. Any investor model on a Calgary condo that does not stress-test the fee is not a model.

Short-term rental and Airbnb

Two separate approvals govern this, and people routinely confuse them. The City has its own short-term rental licensing regime, and the condominium corporation has its own bylaws. A city licence does not override a bylaw that prohibits short-term rentals, and the bylaw is the one that gets enforced by the people who live next door.

Selling one right now

Down 8.4% year over year with 54 days on market is a real headwind, and pretending otherwise wastes your first three weeks — which are the weeks that matter most. Condos in this market sell on correct pricing and clean documents, in that order.

Frequently asked

It is a soft market, which is different from a bad one. Apartment-style condos are at $297,600 benchmark, -8.4% year over year, with 4.90 months of supply and 54 days on market. Those conditions favour buyers — more choice, more negotiating room, less competition. The risk in a soft condo market is not the price you pay, it is buying into a corporation with a funding problem. That is a document question, not a market-timing question.
The building’s operating costs and its reserve fund contributions. Utilities, insurance, management, maintenance and staffing set the operating side. The reserve side is set by the reserve fund study, which projects what major components will cost to replace and when. A low fee is not automatically good news — sometimes it means the corporation is underfunding its reserve, which shows up later as a special assessment.
It is a one-time charge levied on owners when the corporation needs money it does not have, usually for a major repair. Likelihood is not random — it is readable in advance from the reserve fund study, the board minutes and the corporation’s financial statements. That is exactly what the document review period is for, and it is the part of a condo purchase most buyers rush.
1947 apartment-style condo listings were active across Calgary as of August 18, 2026, with a median asking price of $299,900. Inventory is concentrated — Beltline alone accounts for 276 of them.
Only if both the City and the condominium corporation allow it. The City runs a short-term rental licensing regime, and separately the corporation’s bylaws may restrict or prohibit short-term rentals entirely. The bylaws are the binding constraint for an owner, and they can be amended after you buy. Check them before you build a business case on them.

I own a condo here. In June, 123 of us lost our titled parking.

Ten days’ notice to vacate stalls we hold title to, for four months, so the development next door could build its garage. CTV News covered it and quoted me. What that taught me about titled parking, neighbouring development risk, and the one number in your bylaws that actually gives owners leverage.

Score the building before you buy

Reserve fund health, special assessment risk, fee trajectory and insurance deductible exposure — scored on the five documents that actually decide whether a Calgary condo is a good buy.

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