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🎄Christmas Markets – Let the Holiday Shopping Begin!

'Tis the season for festive markets, local makers, unique gifts and all the holiday charm! From Calgary and Airdrie to Crossfield, Okotoks and the surrounding communities, there are plenty of wonderful Christmas markets to explore.

Whether you're hunting for that perfect gift, supporting local vendors or simply soaking up the Christmas spirit, there's something special about a day spent browsing the holiday markets. Happy shopping! 🎁✨

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As We Remember and Honour

Remembrance is about more than looking back at history. It is about honouring the courage, service and sacrifices of the men and women who fought for the freedoms we enjoy today, as well as those who continue to serve.

Here in Calgary, that history is woven into our community. Memorial Drive, lined with trees planted in memory of fallen soldiers following the First World War, stands as a lasting reminder of the local lives lost and the families forever changed by war. Across our city, these memorials connect us to generations of Calgarians who served, sacrificed and helped shape the world we live in today.

As we remember those who made the ultimate sacrifice, let us also recognize and thank the brave men and women who continue to serve in our Canadian Armed Forces, both at home and abroad. May we never take our freedom, peace or sense of community for granted, and may we honour all who serve, past and present, with gratitude, compassion and kindness.

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The Documents Every Homeowner Should Keep

Your home has a history. Are you keeping track of it?

When we think about our homes, we tend to focus on what we can see: the kitchen renovation, the new windows, the finished basement, or the furnace that was replaced a few years ago. But some of the most useful details about a home are tucked away in emails, filing cabinets, old receipts, or the memories of the person who arranged the work.

Keeping a simple record of your home's history can make a real difference—not just when it comes time to sell, but whenever you need to maintain, repair, or improve your property.

Here are five things worth keeping in your home records:

  • Renovation and improvement records: Keep invoices, contractor information, permits where applicable, and details about major upgrades. These records can help answer questions about what was done and when.

  • Appliance and equipment information: Record model numbers, purchase dates, warranties, and service history for items such as furnaces, hot water tanks, appliances, and other major equipment.

  • Repair and maintenance history: A simple list of significant repairs and service dates can help you spot recurring issues and plan for future expenses.

  • Home documents: Keep copies of relevant property documents, renovation approvals, warranties, and other paperwork associated with your home. Store sensitive documents securely.

  • Helpful contacts: Keep the names and contact details of reliable tradespeople who have worked on your property, along with notes about the work they completed.

Why does this matter if you're not planning to move?

Good records make it easier to manage your home, track warranties, explain previous work to a contractor, and make informed decisions about future improvements. If you eventually decide to sell, organized documentation can also help you answer buyers' questions and provide useful context about your property's history.

You don't need an elaborate filing system. A clearly labelled folder—or a secure digital folder with photos, receipts, and dates—is a great place to start.

Your November homeowner challenge: Set aside 15 minutes this month to gather the records you already have. Start with your most recent major repair or renovation, then add to your collection as new work is completed.

Your future self may be very glad you did.

Thinking about buying or selling? I'm always happy to help you understand which property details and documents may be useful along the way.

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Supply levels ease as we move into winter

October sales slowed to 1,592 units, contributing to a year-to-date decline of nearly 11 per cent. While sales have slowed this year, much of the decline was driven by steep pullbacks in resale apartment condominiums and row-style units. Although sales have fallen across all property types, we have seen a pickup in sales of homes that are priced above $1.5 million, which account for less than four per cent of all sales activity. 

The overall pullback in sales was met with further declines in new listings, causing inventories to trend down in October. In line with typical seasonal behaviour, inventories slowed from September, leaving inventories nearly five per cent lower than October 2025 levels. With 6,173 units in inventory and 1,592 sales, the months of supply remained just below four months. The elevated months of supply is mostly due to shifts in the higher-density apartment and row sectors of the market, which both tend to favour the buyer. Meanwhile, detached and semi-detached markets remain relatively balanced. 

“Supply choice in the new, rental and resale markets has taken much of the pressure off prices this year. However, supply choice can vary significantly within the market, resulting in divergent impacts on prices,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “Much of the downward pressure on prices is occurring in the oversupplied higher-density segments of the market, while detached and semi-detached prices have remained more stable. Even within the detached market, we see variation as the City Centre and West districts continue to report price gains over 2025, while prices have declined by more than six per cent in the North East district.”           

In line with seasonal expectations, October’s benchmark price eased compared with September, and remained similar to last year’s levels. While much of the price adjustment in the market occurred in the second half of 2025, we did not see the same seasonal lift in prices in spring 2026, leaving year-to-date prices nearly three per cent lower than October 2025. Year-to-date benchmark prices ranged from stable in the semi-detached sector to a decline of nearly nine per cent in the apartment condominium sector.   

Detached

October detached sales eased to 847 units, down from September and nearly 16 per cent lower than last year's levels. The monthly decline in new listings was more significant than the pullback in sales, causing the sales-to-new-listings ratio to rise to 56 per cent. This also caused inventories to trend down from September, but with 2,832 units in inventory, levels were comparable to October 2025 and typical October levels. Overall, with just over three months of supply, conditions remained relatively balanced, preventing monthly price declines beyond typical seasonal behaviour. In October, the unadjusted benchmark price was $735,100, less than one per cent lower than last year. Year-to-date price gains in the City Centre and West districts were not high enough to offset declines occurring mostly in the North East, North and East districts, leaving total detached prices two per cent lower than 2025.   

Semi-Detached

Unlike other property types, sales improved in October compared with September. While this was not enough to offset earlier pullbacks, year-to-date sales fell by less than two per cent compared to last year. At the same time, new listings eased in October, lifting the sales-to-new-listings ratio to 61 per cent, the highest among the four property types. This also caused a steeper decline in inventory levels, bringing the months of supply back down to three months, compared with nearly four months in September. Relatively tighter market conditions throughout the year have prevented any significant change in prices. In October, the unadjusted benchmark price was $685,200, similar to September and nearly one per cent higher than last year. Overall, year-to-date prices have remained stable compared to October 2025.

Row

Sales continued to slow in October, contributing to the year-to-date decline of over 15 per cent. Meanwhile, new listings eased, but not as much as sales, leaving the sales-to-new-listings ratio below 50 per cent for the second month in a row. This also prevented any significant adjustment in inventory levels, which were stable compared with September and five per cent higher than October 2025. With 241 sales and 1,069 units in inventory, the months of supply pushed up to 4.4 months, showing more persistent signs of oversupply. Competition from the new home market and added rental supply choice has weighed on resale row homes, resulting in persistent downward pressure on prices over the past four months. In October, the unadjusted benchmark price was $407,500, more than five per cent lower than October 2025. While year-to-date prices are lower than last year across every district, the North East and East districts reported the steepest declines at more than 11 per cent. 

Apartment Condominium

With over five months of supply, apartment condominiums continue to struggle with excess supply and price declines. Easing rental rates and competing product in the new home market have lowered demand for resale condominiums. In October, the pullback in new listings helped drive further inventory declines. However, the 1,691 units in inventory were still 13 per cent higher than typical October levels. Persistent price adjustments have left the unadjusted benchmark price at $288,800 in October, eight per cent lower than last year and 15 per cent below the peak price reached in August 2024. Downward pressure on prices over the past two years has erased much of the gains reported since prices recovered in 2023. Prices have eased across all districts in the city, with the largest declines occurring in the North East and East districts.  

REGIONAL MARKET FACTS


Airdrie

Sales continued to trend down in October, contributing to a year-to-date decline of 13 per cent. While sales declined across all property types, the largest year-to-date declines occurred in row and semi-detached homes. Competition from the new home market as well as competing supply in other centres and Calgary has weighed on resale activity this year. In October, new listings also slowed, contributing to further pullbacks in inventory levels and keeping the months of supply at just over four months. The additional supply choice has weighed on resale prices, which are down by nearly five per cent on a year-to-date basis. Prices eased across all property types. In October, the unadjusted detached benchmark price dropped to $587,300, bringing the price difference between Airdrie and Calgary back to 20 per cent. 

Cochrane

Easing sales in October were not enough to offset earlier gains, as year-to-date sales remained nearly four per cent higher than 2025 levels. The 62 sales in October were met with 142 new listings, keeping the sales-to-new-listings ratio relatively low at 44 per cent. This caused inventories to rise at a time when inventories typically decline. Higher inventory levels compared to sales caused the months of supply to approach six months for the first time since early 2020. The increase in supply was partly due to a rising share of new homes being listed on the resale market in October. The benchmark price was $571,100, down from September and nearly two per cent lower than October 2025 and on a year-to-date basis.   

Okotoks

An increase in new listings compared to sales caused the sales-to-new-listings ratio to fall back into the 50 per cent range, following elevated levels over the past four months. This also caused inventories to increase from September and remain similar to levels reported in October 2025. With 137 units in inventory and 45 sales, the months of supply reached three months, reflecting relatively balanced conditions but still the highest level recorded this year. As conditions have been relatively tight in Okotoks, there has not been as much pressure on prices. While prices eased in October, this is not unusual for this time of year. Year-to-date benchmark prices are one per cent lower than they were last year. 
 

Chestermere

New listings continued to rise in Chestermere compared with sales activity, causing the sales-to-new-listings ratio to remain in the 30 per cent range. This kept inventory levels elevated, with the months of supply remaining just below six months. Elevated supply levels over the past several months have caused prices to trend down since July. In October, the unadjusted benchmark price was $683,800, more than three per cent lower than October 2025. Despite recent declines, year-to-date benchmark prices are only one per cent lower than levels reported last year.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.