Detached home prices are falling the most in these four spots near Calgary
Detached home prices are dropping in a bunch of towns and cities near Calgary, with four spots even seeing declines of over four per cent.
The Calgary Real Estate Board (CREB) recently released its October 2026 report for the Calgary region and it revealed which cities and towns are seeing the biggest year-over-year price drops for detached homes.
Chestermere saw the biggest drop, with detached home prices falling by 5.9 per cent year-over-year to a benchmark price of $742,600.
Airdrie recorded the second-largest decline, with prices falling by 4.9 per cent to $587,300. Prices weren’t the only thing down in Airdrie; the city recorded a 16.9 per cent decrease in year-over-year sales, as well as a 13.8 per cent drop in inventory.
Calgary Real Estate Board
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Okotoks and High River each saw a 4.2 per cent drop in detached home prices, with Okotoks benchmark price sitting at $673,100 and High River dropping to $553,300, the second lowest benchmark price for detached homes in the region.
On the other hand, Canmore recorded the highest benchmark price for detached homes, sitting at $1,697,300, a 0.2 per cent drop year-over-year. Canmore also saw a decline in new listings, dropping by 22.4 per cent year-over-year.
Strathmore was the only area to record an increase, with prices rising by 0.8 per cent to $552,800, making it the cheapest area. The town saw a 10 per cent year-over-year increase in new listings, as well as an 8.2 per cent increase in inventory.
Calgary itself recorded a 0.72 per cent drop in detached home prices, falling to $735,100. If you’re on the hunt for a home in Calgary, we dove into which quadrants of the city are seeing the biggest detached home price drops.
You can find the full report online.