One of the very first questions I hear from buyers,  especially first-time home buyers, is:

“What can I actually afford?”

It’s a great question, and an important one. But the answer isn’t just a number a bank gives you. It’s about clarity, comfort, and confidence.

Let’s break it down in a simple, realistic way.

Start With a Mortgage Pre-Approval (But Don’t Stop There)

The best first step in figuring out your budget is speaking with a mortgage broker. A broker will look at your income, debts, credit, and down payment to help determine what you could be approved for.

I work with a few trusted mortgage brokers and I’m always happy to share their contact information if you need it. That said, I strongly believe you should shop around. Different lenders can offer different rates, terms, and conditions…and it’s essential that you feel comfortable with what you’re signing up for.

A pre-approval is a tool, not a rule.

Approved Amount vs. Comfortable Budget

Here’s something many buyers don’t realize:

Your maximum approval amount is not the same as what you should spend.

As REALTORS®, we’re not permitted to give mortgage advice - and we also don’t need to know your absolute maximum approval.

What really matters is:

• What payment feels manageable month-to-month

• How much flexibility you want to keep in your lifestyle

• Whether you still feel comfortable after accounting for savings, kids, travel, and everyday life

Your budget should support your life, not limit it.

Why I Don’t Need to Know Your Financial “Top Limit”

This part is important.

Knowing a buyer’s absolute financial limit can actually create a potential conflict of interest. Think about it:

If your REALTOR® knows the very top number you could spend, there’s a risk,  even unintentionally, of pushing you closer to that limit.

Your financial peace of mind should always come first.

My role is not to push you to the highest price point. My role is to:

• Respect the budget you choose

• Protect your comfort level

• Help you find the best home within that range

You’re in control of the number. I’m here to guide the strategy.

What Else Should You Factor Into Your Budget?

Beyond the mortgage payment, it’s important to think about:

• Property taxes

• Utilities

• Condo fees (if applicable)

• Maintenance and repairs

• Insurance

• Lifestyle expenses and savings goals

A home should feel exciting,  not stressful.

My Advice, in Simple Terms

✔ Get pre-approved 

✔ Talk to more than one lender

 ✔ Decide what you feel comfortable paying 

✔ Keep a buffer for life

 ✔ Share the budget you’re confident in, not  necessarily the maximum you’re approved for

When buyers take this approach, the process feels clearer, calmer, and far more empowering.

If you’re thinking about buying and want help navigating the process , from budgeting to finding the right home,  I’m always happy to talk.

BOOK A FREE CALL NOW

Your goals, your comfort, and your peace of mind will always come first.

Calgary continues to be one of Canada’s most dynamic cities:  a place where opportunity, quality of life, and western charm come together. But in recent years, a growing question has emerged for buyers, newcomers, and long-time Calgarians alike:

“Are there still affordable homes for sale in Calgary?”

The answer in 2026 is: yes,  but affordability looks different now.

In a city experiencing population growth, steady immigration, tech expansion, and evolving mortgage rules, the definition of “affordable” is shifting. Whether you're a first-time buyer, a family looking for a smart purchase, or someone planning for long-term stability, understanding Calgary’s 2026 market is essential.

This guide breaks down:

• What “affordable housing” actually means today

• Current market conditions unique to 2026

• Options available for different budgets

• Pros and cons of condos, townhomes, semi-detached, and detached homes

• Mortgage realities and interest-rate expectations

• What Lana Secchi would recommend based on the 2026 outlook

Let’s dive in.

What “Affordable” Means in 2026: More Than Just a Price Tag

Across Canada, housing affordability is generally defined using the 30% rule:

Your total housing costs -  mortgage, taxes, condo fees, insurance, and utilities - should be no more than 30% of your gross household income.

But in 2026, affordability also means:

✔ Predictability

A home you can comfortably maintain even if rates fluctuate or condo fees rise.

✔ Sustainability

A neighbourhood where future development supports long-term value.

✔ Flexibility

Options for rental income, secondary suites, or future resale demand.

✔ Accessibility

Commuting efficiency, school proximity, and lifestyle value.

So while price matters, so does long-term financial health.

Calgary Real Estate Market 2026: A Year of Stabilization & Opportunity

After the rapid growth of 2021–2024, the market softened in 2025 and entered a stabilization phase in 2026.
This year is shaping up to be one of the most balanced markets Calgary has seen in a while.

Key trends shaping affordability in 2026:

🔹 Moderating price growth

Prices are no longer climbing at double-digit rates. Apartment and townhouse segments show the most stable pricing, creating opportunities for entry-level buyers.

🔹 Improved inventory

More homes are available compared with the tight conditions of previous years — essential for buyers with budget constraints.

🔹 Population growth 

Alberta continues to attract interprovincial and international migration, and although the pace has eased compared to previous years, the province is still experiencing growth, especially from Canadians relocating from higher-cost housing markets such as Ontario and British Columbia. This ongoing demand helps support long-term home values and keeps Alberta positioned as one of the most appealing places to live and invest in 2026.

🔹 Interest rates gradually easing

After peak rates in 2023–2024, mortgage rates began trending downward in 2025 and continue softening into 2026, improving affordability for buyers.

Affordable Housing Options in Calgary in 2026

Calgary's diverse housing stock means buyers have options, even within limited budgets.
Here’s what’s available,  and what to consider.

Condos & Apartments (Most Affordable Entry Point)

Why condos remain Calgary’s strongest affordable option in 2026:

• Lowest purchase prices across all property types

• Minimal maintenance obligations

• Popular in downtown, Beltline, Bridgeland, Kensington, Sage Hill, Seton

• Great for professionals, first-time buyers, and downsizers

Pros:

• Affordable monthly payments

• Often close to transit, amenities, hospitals, and workplaces

• Strong rental market for long-term investment

• Modern builds offer better energy efficiency

Cons:

• Condo fees (which vary significantly)

• Limited control over building decisions

• Potential special assessments in older buildings

• Smaller living space

Best for:

Budget-conscious buyers, investors, and people prioritizing convenience over space.

Townhomes / Rowhouses (Best Balance of Price & Space)

Townhomes hit the sweet spot for many families entering the Calgary market.

Pros:

• More space than condos

• Often include garages

• Small yard or patio

• Lower price point than detached homes

• Popular in communities like Livingston, Cornerstone, Copperfield, Mckenzie Towne

Cons:

• May still include condo/HOA fees

• Shared walls

• Limited outdoor space compared with detached

Best for:

Couples, young families, buyers needing space but not ready for detached home prices.

Semi-Detached Homes (Affordable Alternative to Detached)

Semi-detached homes continue to shine in Calgary and offer great resale potential.

Pros:

• More space and privacy

• Often newer builds with modern layouts

• Strong value retention

• Lower price compared with detached

Cons:

• Still more expensive than townhomes

• Shared wall

• May require more maintenance

Best for:

Growing families or those wanting more space while keeping affordability in check.

Detached Homes (Still Possible… But Less “Affordable”)

In 2026, detached homes in Calgary continue to be a premium choice, especially in the city’s most desirable neighbourhoods, offering exceptional long-term value for buyers ready for that next step. Yet, it’s still possible to find more affordable detached options depending on the year built, size, and neighbourhood. With the right guidance, a Realtor can help you identify the best opportunities that fit your budget and preferences.

Pros:

• Full privacy

• Yard + parking

• Usually strongest long-term appreciation

• Potential for secondary suites

Cons:

• Highest purchase price

• Higher maintenance costs

• Property taxes, utilities, and repairs add up quickly

Best for:

Buyers with higher stable income, larger families, or long-term homeowners.

Mortgage Rates & Economic Outlook in 2026: What Buyers Should Expect

Interest rates in 2026:

• After rate hikes in 2023–2024, the Bank of Canada steadily reduced rates through 2025.

• By early 2026, most analysts expect further mild rate cuts, stabilizing mortgage payments.

Economic outlook:

• Calgary’s economy is diversified: energy, tech, logistics, film, agriculture, and health care continue to expand.

• Job growth supports housing demand.

• Calgary remains more affordable than most major Canadian cities.

What this means for buyers:

2026 is shaping up as a rare alignment of:

• softer mortgage rates

• balanced inventory

• stabilized pricing

• strong long-term economic fundamentals

This combination doesn’t happen often, making 2026 a strategic window for buyers.

What Does an “Affordable” Home Look Like in 2026?

Here are realistic examples:

📌 Condos: $250,000–$350,000

Manageable for many first-time buyers.

📌 Townhomes: $380,000–$480,000

Great option for young families.

📌 Semi-Detached: $450,000–$600,000

Still attainable depending on neighbourhood.

📌 Detached (entry-level): $580,000–$750,000

Challenging but possible with high income or dual income + suite rental.

These numbers vary by neighbourhood, property age, and market timing — but they illustrate clear tiers of affordability.

What Lana Secchi Would Recommend for Buyers in 2026

Based on Calgary’s 2026 market conditions, these are smart strategies for buyers seeking affordability:

1. Stay flexible with neighbourhoods

Communities like Quarry Park, Arbour Lake, Seton Ridge, and Mahogany offer incredible value without sacrificing lifestyle.

2. Focus on property types with stable pricing

Townhomes continue to offer some of the best value-based opportunities in 2026, especially for growing families looking for more space without stretching their budget. They provide the perfect balance between affordability and functionality: offering multiple levels of living space, modern layouts, garage, and access to family-friendly amenities. With many new communities in Calgary integrating parks, schools, retail hubs, and transit options, townhomes have become an attractive stepping-stone for families who want room to grow while staying financially comfortable.

3. Consider newer builds for lower maintenance

Well-built newer homes can help protect your budget by minimizing unexpected repair costs and offering greater energy efficiency through modern materials and updated construction standards. However, not all new homes are created equal. Quality can vary widely depending on the builder, design, and craftsmanship. That’s why it’s important to work with a knowledgeable Realtor who can help you identify the best-built new homes, ensuring you invest in a property that delivers lasting value, comfort, and peace of mind.

4. Explore homes with potential for secondary suites

A legal suite can significantly improve cash flow and strengthen your mortgage qualification, but choosing the right area is essential. Neighbourhoods close to retail stores, universities, and reliable public transportation tend to attract stronger, more consistent rental demand, helping you maximize both affordability and long-term value.

5. Don’t wait for a “perfect” market

Affordability windows close quickly when interest rates shift or inventory tightens.

6. Get pre-approved before shopping

It sets expectations and helps you move quickly when the right property appears.

Affordability Still Exists, If You Know Where to Look

Calgary in 2026 offers something rare in Canadian real estate: real opportunity.
Whether you're looking for an entry-level condo, a stylish townhome, or a family-friendly semi-detached, there are still affordable homes across the city.

Search Homes for Sale < 500K

Ready to Find Your Affordable Home in Calgary?

Don’t wait for the “perfect” moment, opportunities in Calgary’s 2026 market are real, but they move fast. Whether you’re a first-time buyer, growing family, or investor looking for value, the right home is out there, and I can help you find it.

Let’s explore your options together:

• Personalized home searches tailored to your budget and lifestyle

• Expert guidance on condos, townhomes, and semi-detached homes

• Advice on maximizing affordability

• Insights on Calgary neighbourhoods with the best value today

Book your free consultation today

 Lets start your journey to a home that fits your life and your budget.