A new report from Royal LePage indicates that Calgary's housing market is becoming more affordable, yet the city continues to be considerably pricier than other communities across Alberta. The data, released on June 23, 2026, shows that while the trend is positive for potential homebuyers, Calgary still lags behind other provincial markets in terms of cost.
Aggregate Home Price Details
According to the Royal LePage report, the aggregate home price in Calgary now stands at $678,900. This figure represents a slight decrease from previous quarters, contributing to the improved affordability. However, when compared to other Alberta cities such as Edmonton, Lethbridge, and Red Deer, Calgary's prices remain significantly higher.
The report highlights that Edmonton's aggregate home price is approximately $435,000, making it nearly $244,000 cheaper than Calgary. Similarly, Lethbridge and Red Deer have average prices around $380,000 and $410,000, respectively. This disparity underscores the ongoing challenge for Calgary in attracting buyers who may look to more affordable alternatives within the province.
Market Trends and Expert Insights
Royal LePage's analysis attributes the improvement in Calgary's affordability to a combination of factors, including a modest decline in interest rates and an increase in housing supply. The report notes that the number of active listings has risen by 15% year-over-year, giving buyers more options and negotiating power.
“Calgary is moving in the right direction, but it still has a long way to go to match the affordability of other Alberta markets,” said a Royal LePage spokesperson. “The city's strong economy and population growth continue to support demand, but higher prices remain a barrier for many first-time buyers.”
The report also points out that Calgary's housing market has been influenced by its role as a hub for the energy sector and a growing tech industry, which attract higher-income workers and keep prices elevated.
Impact on Buyers and Sellers
For buyers, the improving affordability offers a glimmer of hope, but many still find themselves priced out of the market. The report indicates that the average time on market for a home in Calgary has increased to 45 days, up from 35 days a year ago, suggesting that sellers may need to adjust their expectations.
“We're seeing more balanced conditions, which is good news for buyers who have been struggling with low inventory and high prices,” the spokesperson added. “However, Calgary remains a seller's market relative to other parts of Alberta.”
The data also shows that condominiums and townhouses are experiencing the most significant price adjustments, with some units seeing reductions of up to 5% compared to last year. Detached homes, while still expensive, have shown more stability.
Broader Alberta Context
Across Alberta, the housing market is showing mixed signals. While Calgary and Edmonton remain the largest markets, smaller communities are seeing increased interest from buyers seeking affordability. The report notes that cities like Medicine Hat and Grande Prairie have seen price increases of 8% and 6% respectively, as buyers look beyond the major urban centers.
Royal LePage forecasts that Calgary's housing market will continue to stabilize over the next year, with prices expected to remain flat or see modest declines. However, the gap between Calgary and other Alberta markets is likely to persist unless there is a significant shift in economic conditions or housing policy.
