The most expensive Calgary neighbourhoods with at least five sales in September 2026 are Elbow Park ($2,386,500 median price), Altadore ($1,320,000), Aspen Woods ($1,252,000), Hamptons ($1,085,000), and Lake Bonavista ($944,000). Elbow Park remains the priciest, with its median price rising from $2,125,000 the previous month.
As someone who keeps a close pulse on the Central Alberta real estate market, I’m always watching national trends for their impact here at home. August brought a 6.9% drop in existing home sales across Canada. Prices stayed flat, and we’re seeing lower sales volumes overall. Higher bond yields continue to keep mortgage rates elevated, which is a challenge for many buyers. Ottawa and Montreal experienced more noticeable declines in sales, while Vancouver saw a slight uptick. On a positive note, new listings and rental construction both increased, hinting at some movement and opportunity. With over 35 years in business, I know how much these shifts matter to your plans—whether you’re buying, selling, or just keeping an eye on what’s next.
Alberta’s real estate market continues to stand out as we look ahead to 2026. With home prices projected to rise by about 3% to 5%—the strongest growth in Canada—both Calgary and Edmonton are benefiting from a steady flow of newcomers from other provinces. Sales activity is surpassing the national recovery average, which speaks volumes about the resilience and appeal of our region. For those keeping an eye on entry-level homes, supply remains limited, and that’s helping to keep prices strong. As someone who’s built a career serving Central Alberta, I’ve seen firsthand how our communities adapt and grow, and I make it my business to stay informed on every shift in the market. If you’re thinking about your next move, know that these trends are shaping real opportunities right here at home.
Canadian housing affordability improved for the 11th consecutive quarter in Q2 2026, with the affordability index falling to 41.3%, down from a peak of 54.5% in late 2023. Despite gains from interest rate cuts, home price drops, and income growth, affordability remains above pre-pandemic levels. Further improvement depends mainly on price declines, as interest rates are unlikely to fall soon. Regional disparities persist, with some provinces still facing high prices.
