Residential property transactions in Calgary declined notably last month, falling 15.3 per cent compared with the same period a year earlier as overall market prices experienced a slight downward drift, according to industry figures.
The Calgary Real Estate Board reported a total of 1,592 home sales in October. Alongside the drop in transaction volume, the city’s overall residential benchmark price edged down 0.4 per cent year-over-year to settle at $564,200.
Ann-Marie Lurie, the board’s chief economist, explained that the downward pull on values is largely isolated to higher-density properties where inventory levels have expanded significantly. In contrast, low-density segments such as detached and semi-detached houses have demonstrated greater stability.
Market data shows that apartment-style properties experienced the sharpest correction, with benchmark prices tumbling 7.9 per cent from October 2025 to reach $288,800. Row-style housing also faced decreases, sliding 5.1 per cent to $407,500.
Meanwhile, detached home prices recorded a minimal dip of 0.7 per cent, bringing the benchmark to $735,100. Semi-detached properties proved to be an exception in the pricing trend, registering a modest 0.8 per cent gain over the 12-month period to reach $685,200.
On the supply side, new listings entering the Calgary market dropped 9.4 per cent in October compared with a year prior, totaling 2,928 properties. Total active inventory across the city contracted by 4.6 per cent year-over-year, ending the month with 6,173 homes available for purchase.
