Detached home prices have dropped the most in these spots near Calgary
A new report just revealed which towns and cities near Calgary have seen the biggest price drops when it comes to owning a house.
The Calgary Real Estate Board’s (CREB) August housing report for the Calgary region shows which spots near YYC have recorded the biggest year-over-year drops in detached home prices.
Airdrie recorded the largest decline, with detached benchmark home prices falling by 5.4 per cent year-over-year to $596,200. Across all home types, the city saw a 9.3 per cent decrease in sales, as well as an 11.3 per cent decrease in new listings.
The Calgary Real Estate Board
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Cochrane saw the second-largest price drop, with a 4.4 per cent drop in detached home prices, down to $653,900. Chestermere followed with a 3.9 per cent decline, with the benchmark price for detached homes sitting at $761,100.
Strathmore was the only area to see detached home prices increase, rising by 2.2 per cent year-over-year to an average of $572,100.
High River saw the lowest detached home benchmark price in the region, sitting at $563,400, a 1.6 per cent decrease from this time last year.
Canmore was the most expensive, according to the report. Despite seeing a 2.7 per cent drop in prices, the benchmark price for a detached home in the mountain town is $1,674,400. It also recorded a whopping 39.3 per cent increase in sales across all housing types, as well as a 16.3 per cent rise in new listings.
You can find CREB’s full August 2026 report for the Calgary region online.
If you’re wondering how the housing market is shaping up in Calgary, we dove into which quadrants of the city are seeing the biggest drops in detached home prices, as well as which neighbourhoods are the most expensive.