Down in Calgary: Apartments Take a Hit in Recent Housing Report

In a recent real estate report, Calgary's apartment condominium market saw a significant decline in prices, dropping by almost eight percent compared to last year. The report, released by the Calgary Real Estate Board, highlights that apartment prices are struggling due to oversupply and a lack of demand.

• East Calgary saw the largest decline in apartment prices, dropping by 13 percent year-over-year to a benchmark price of $205,200, the lowest price in the city.
• Northeast Calgary followed with a 11.82 percent drop in prices to $246,300.
• The most expensive area for apartments was the southeast, with a benchmark price of $305,100, a 8.24 percent decline from last year.

The report also revealed that other property types like detached homes and semi-detached homes have seen more modest price adjustments. Row homes saw a decline of more than five percent in benchmark prices compared to October 2025.

The article concludes by noting that other property types have seen more modest price adjustments, with detached home prices down less than one percent year-over-year and semi-detached prices actually increasing by nearly one percent.