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.

What Calgary’s Fall 2025 Housing Trends Mean for You

By 2GreenDoors Real Estate Team | Updated July 28, 2025

🎯  Not sure whether to wait or buy a home in Calgary this fall? This article breaks down what’s happening in the market to help you make the right move for your goals, whether you’re buying your first home, moving up, or investing.

🔍 What You’ll Learn

📊 What Calgary’s real estate market is doing this fall
🏘️ Market trends in Airdrie, Cochrane, and Okotoks
💰 The real cost of waiting
🧠 Smart questions to ask yourself
💬 Expert insight from Lana Secchi

🏙️ Calgary Housing Market Forecast – Fall 2025

The Calgary real estate market is shifting: more balanced, less rushed.
If you're watching the Calgary housing market forecast for July 2025, here's what you need to know:

📊 Market Snapshot (CREB – June 2025)

✅ What this means: More listings. More time. More power in your hands.

🌍 What’s Driving the Market Right Now?

1️⃣ Migration & Population Growth

While interprovincial migration to Alberta has slowed compared to the peak levels seen in recent years, the province remains an appealing destination for many individuals and families—particularly from Ontario and B.C.—seeking more affordable housing options.

Today’s newcomers are often motivated less by urgency and more by long-term lifestyle goals and financial planning.

Communities like Airdrie, Cochrane, and Okotoks remain family favorites

2️⃣ Inventory Is Back:

After a long stretch of limited inventory, buyers now have far more options to explore. Inner-city neighbourhoods like Mount Pleasant, Killarney/Glengarry, Renfrew, and Tuxedo Park continue to attract strong interest, thanks to their mix of charming character homes and modern infills, often with healthy competition.

Meanwhile, newer communities like Mahogany, Legacy, Copperfield, Seton, and Cranston offer growing inventory and a wide range of builders, giving buyers more flexibility and time to find the perfect match.

With more homes on the market, balanced conditions, and prices holding steady in key areas, buyers now have more time, more choice, and less pressure.

3️⃣  Interest Rate Stability Creates Confidence

▪️ Bank of Canada rate: 2.75% (down from a peak of 5.0% in 2023)

🔍 Most banks set their prime rate about 1.5 to 3 points higher than the overnight rate.

▪️ Fixed mortgages: 3.9–4.4%
✔️ Borrowers now have more predictability and buying power

💸 NEXT Interest Rate Update – July 30th, 2025 » Subscribe to our newsletter to stay informed!

🤔 What does this mean for home buyers?

• Mortgage rates have come down too. Many buyers can now get a 5-year fixed mortgage between 3.9% and 4.4%, which is more affordable than earlier this year.

• Monthly payments are easier to manage. Lower rates mean you might pay less each month, or afford a slightly bigger home without stretching your budget.

• More buyers are entering the market. As borrowing becomes a bit easier, more people feel confident to buy.

While rates aren’t as low as the historic lows seen a few years ago, the recent stabilization and gradual decrease provide a good opportunity to plan your purchase with more certainty.

🧮 Want to know what you can afford? Use our Mortgage Calculator

4️⃣ Rentals Still Encourage Buyers

Rental prices in Calgary, Airdrie, and Okotoks have eased from recent highs, providing some relief to renters.

Still, for many, the cost of renting remains close to what it would take to buy an affordable home, such as a condo or smaller house in some communities. With interest rates now stable, more renters are choosing to buy homes, seeing homeownership as a way to build equity and gain long-term financial security instead of facing continued rent increases and uncertainty.

💰 Is It a Good Time to Buy in Calgary?

Short answer: Yes, if you're ready.
Long answer: It depends on your timeline and goals.

🧍‍♀️ First-Time Buyers

✅ Buy Now If:

• You’ve saved at least 5–10% for a down payment

• You’re pre-approved and financially prepared

• You plan to stay in Calgary for 3–5 years

• You're currently paying high rent with no equity return

⏳ Consider Waiting If:

• You need time to build credit or savings

• You’re uncertain about your job or long-term location

• You want to explore different areas first

👨‍👩‍👧 Families & Upsizers

✅ Buy Now If:

• Your current home feels too small

• You want more space and better layout

• You’re ready to use equity from your current home

⏳ Consider Waiting If:

• You’re still weighing options between renovating vs. relocating

• You’re uncertain about school or work changes

• You’re anticipating a large life change in the next 6–12 months

  ✅ Ready to plan your next move?

  Schedule your free Strategy call

🧠 Expert Insight from the 2GreenDoors Team with Lana Secchi:

🧍‍♀️ First-Time Buyers:

Stick within your current rent budget and look at growing communities. 

This approach helps you transition from renting to owning while building equity without compromising your lifestyle. Affordable condos or smaller homes in growing communities often provide a realistic and sustainable entry point into homeownership.

💰Investors:

Consider cash-flowing properties with legal suites near C-Train or universities. Inner-city locations with strong rental demand can offer steady income and easier tenant placement.

👨‍👩‍👧 Upsizers:

Focus on lifestyle: schools, green spaces, lakes and make a move that lasts. Are there particular schools you want your children to attend? Would you prefer a community with access to lakes, parks, or other amenities?

⏳ The Real Cost of Waiting

You can’t control interest rates. You can control your readiness. Waiting could mean:

• Missing out on stable rates

• Losing equity-building time

While rates and prices may shift, making affordability fluctuate, now can be a good time to explore options thoughtfully and find the right home at your own pace. Don't you think?

❓Questions to Ask Yourself Before Deciding:

Start gathering information, exploring communities, and when you’re ready, reach out to the 2GreenDoors team. We’re here to support you every step of the way, at your pace.

Schedule a free call to explore your options.

📍 Area Highlights: Fall 2025 Buying Opportunities

Based on the current data and market behaviour, here are some of our favourite pockets of opportunity:

🌊Lake Communities 

Mahogany & Harmony Lake: Lots of builder activity = opportunities for upgrades and incentives.
Arbour Lake, Midnapore, Chaparral: Used to be harder to buy into—now there's more inventory and room to negotiate.

Whether you’re looking for new construction deals or established homes, we can guide you through both options to find the best fit and negotiate the best terms. Calgary’s lake communities offer excellent choices for active, family-friendly living

🏞️Cochrane

Cochrane’s real estate market continues to thrive in 2025. Neighborhoods like the well-established Sunset Ridge and Fireside, which offers easy access west of Calgary, provide growing amenities, beautiful views, and strong long-term investment potential. Plus, with the Rocky Mountains nearby, these communities offer an affordable alternative to living in Canmore.

🚼 Airdrie

The Airdrie real estate summer 2025 update highlights its ongoing appeal to families and first-time buyers. With reasonable pricing and plenty of new construction, now is a great time to negotiate with builders—whether for better prices or valuable upgrades

🏡Okotoks

The Okotoks market update for July 2025 shows this area continues to offer strong community charm and lifestyle appeal for families. With a small-town feel, easy access to amenities in South Calgary, and attractions like golf courses and vibrant local spots, Okotoks remains a sought-after place to call home

Ready to search all available listings in your favourite area?

🧭 Final Thought: Trust the Timing That Aligns With You

There’s no perfect market. There’s only a prepared buyer with the right support.

If you’re ready to explore, or just want to stop guessing, let’s talk.

Let’s Discover Your Best Move Together