Sector professionals
Every expert is scored out of 100 — Google reviews (35), experience (30), active provincial licence (15), local presence (15), bonus (5). No placement can be bought. Our methodology
Real estate market data
In May 2026, the MLS® HPI total residential benchmark price in Calgary's City Centre district reached $568,800, down 3.4% year-over-year; with 3.12 months of overall city supply, the market is balanced, tilting toward buyers for condos.
Source : CREB — City of Calgary Monthly Statistics Package, May 2026 (published June 1, 2026). https://www.creb.com/Housing_Statistics/documents/05_2026_Calgary_Monthly_Stats_Package.pdf (City Centre district)
Frequently asked questions
What kind of property can I buy downtown?
Almost exclusively apartment-style condos and lofts in mid- and high-rise buildings. CREB's apartment benchmark of $300,300 (March 2026) is the relevant price tier — far below the city detached figure, which reflects suburban houses, not the core.
Why are downtown condo prices falling?
Oversupply. CREB's chief economist has pointed to roughly 18,000 apartment units under construction city-wide, with slowing migration easing demand. The apartment segment dropped nine per cent year-over-year in March 2026 and sits in buyer's-market conditions.
Is this a good time to buy a downtown condo?
For buyers, the leverage is unusual. CREB describes apartments as oversupplied and favouring the buyer, so there is room to compare buildings and negotiate — but check each building's reserve fund and special-assessment history before committing.