Detached home prices are slipping in these spots just outside Calgary
If you’re on the hunt for a detached home but the prices in Calgary seem a little intimidating, several communities near the city just saw prices drop.
The Calgary Real Estate Board (CREB) released its May 2026 housing report, and it revealed that year-over-year benchmark prices for detached homes are down in multiple communities near Calgary.
Airdrie recorded the largest decline, with detached benchmark home prices falling by 5.8 per cent year-over-year to $605,600. It also saw a 10.9 per cent increase in inventory, with 519 homes on the market.
Chestermere followed, seeing a 4.3 per cent drop, bringing its benchmark price to $776,000. High River recorded the smallest decrease in prices, dropping by just 0.4 per cent to $577,300.
Calgary Real Estate Board
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Strathmore was the only spot to post a gain, with detached home prices rising by 1.8 per cent to $572,600. While it saw a rise in prices, it was the cheapest market in the region.
On the other hand, Canmore was the most expensive, despite a 1.8 per cent decline in year-over-year prices. The benchmark price for a detached home there is sitting at $1,703,800. The mountain town saw a decrease in inventory levels, falling by 2.6 per cent, with 152 homes on the market.
Calgary itself recorded a 2.4 per cent decrease in detached home prices, with the benchmark price sitting at $747,800.
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.
You can find the CREB’s full May 2026 Calgary region report online.