If you’ve been watching the Calgary market lately, you’ve probably noticed something interesting: not all property types are moving the same way.
For the past couple of years, detached homes were the undeniable headline-makers. Low inventory, steady migration into Alberta, and strong buyer demand pushed prices up and competition high — especially in the $500,000–$800,000 range.
But now? The story is getting more nuanced.
So where is the real momentum right now — detached homes or condos?
Let’s break it down.
Detached Homes: Still Strong, But More Selective
Detached homes remain the gold standard for many Calgary buyers. Space, yards, privacy, and long-term appreciation continue to make them attractive — particularly for move-up buyers and families relocating from higher-priced provinces.
That said, the frenzy has cooled in many segments.
What I’m seeing:
Well-priced detached homes still move quickly.
Overpriced properties are sitting longer.
Buyers are negotiating more than they were a year ago.
The luxury segment is more balanced than competitive.
Inventory has improved in some price ranges, giving buyers more breathing room. It’s not a “slow” market by any means — but it’s no longer automatic multiple offers across the board. Strategy and pricing matter again.
Momentum status: Steady and healthy, but more disciplined.
Condos: The Quiet Acceleration
Condos are where things get interesting.
As detached prices climbed over the past few years, affordability became a real barrier for many buyers. Enter the condo market.
We’re seeing:
Increased demand from first-time buyers.
Investors re-entering the conversation.
Downsizers seeking low-maintenance living.
Strong activity in well-managed buildings with reasonable condo fees.
In many cases, condos are now offering a price point that feels accessible again — especially compared to detached homes. With rental demand remaining strong in Calgary, some investors see condos as an appealing entry opportunity.
Certain segments — particularly well-located inner-city apartments and newer suburban developments — are showing solid activity.
Momentum status: Building, and in some areas, accelerating.
So… Where Is the Real Momentum?
Right now, the momentum isn’t about one property type “winning.” It’s about affordability driving decision-making.
Buyers who can afford detached are still choosing it.
Buyers priced out of detached are pushing momentum into condos.
Investors are watching both carefully.
Sellers in either category need to price strategically — yesterday’s numbers aren’t automatic today.
Calgary remains fundamentally strong thanks to migration, relative affordability compared to other major Canadian cities, and economic diversification. But we are seeing a more balanced, thoughtful market emerge.
And honestly? That’s healthy.
What This Means for You
If you’re a buyer, this may be one of the best windows in recent years to evaluate options across property types without feeling rushed into a bidding war every time.
If you’re a seller, the key is understanding exactly where your property sits within its micro-market. Detached and condo segments are behaving differently — and pricing strategy is everything.
The market isn’t slowing. It’s shifting.
And in Calgary, those who understand the shift tend to make the smartest moves.