The Alberta Condo Market in 2026: A Reality Check for Edmonton and Calgary

Everyone says Alberta condos are soft. The data says something more specific. In Calgary, the apartment condo benchmark sat at $299,000 in June 2026, down about 9% year over year, and that drop reflects real oversupply. In Edmonton, the story runs differently. Condo sales fell 15.4% year over year in June 2026, but the average price held roughly flat, actually up 2.0% year over year at $219,190. Edmonton's soft signal is volume, not price. Behind both cities sits a record building pipeline: CMHC counted record housing starts in both Edmonton and Calgary in 2025, with rental apartment construction hitting record highs in both cities. There is one more piece most owners have missed: Alberta changed its condo laws in early 2026, adding a dispute tribunal, a cap on chargebacks, and simpler voting. This article breaks down what the numbers actually show in each city, what changed in the law, and what it means if you are buying, selling, or already own.

Information last verified on July 8, 2026. Board statistics come from the REALTORS® Association of Edmonton (RAE) and the Calgary Real Estate Board (CREB); supply and rental figures come from CMHC; the condo law changes come from the Government of Alberta. Live listing and sold figures are from the homm.ca MLS® feed.

Is the Alberta condo market actually falling?

The short answer: "Alberta" is not one market. Calgary and Edmonton are moving in different directions.

Edmonton's numbers bounce month to month because condo transaction counts are low, and a few unusual sales can swing the average. In May 2026, the Edmonton apartment condo average was $206,282, down 3.7% year over year and down 8.7% from April. In June it was $219,190, up 2.0% year over year and up 6.4% from May. That is not a price recovery in four weeks. It is average-price volatility from thin volume.

The consistent Edmonton signal is sales volume. Condo sales fell 21.6% year over year in May and 15.4% in June. Fewer condos are trading, even as prices hold roughly flat.

Calgary is a cleaner story, and it points down. Its apartment benchmark, a measure built to smooth out the mix problems that distort averages, fell about 9% year over year in June. A benchmark drop that size reflects broad price softening, not a couple of odd sales.

Why is Calgary different?

CREB titled its June 2026 release "High-density supply impacts apartment condominium prices," and it points straight at supply. Calgary spent several years building apartments at an elevated pace, and those units are now finishing and hitting the market together.

The math shows it. In June 2026, Calgary recorded 423 apartment condo sales against 931 new listings, a sales-to-new-listings ratio near 45%. Months of supply sat around 4.9, in buyer's-market territory. Calgary detached homes were far tighter: a benchmark of $750,500 (down about 1% year over year) and a sales-to-new-listings ratio of 60%.

CMHC backs the supply story. Calgary posted a fourth consecutive record year for housing starts in 2025 and surpassed Toronto's total starts for the first time, with rental apartment construction a major driver. Rentals followed. Calgary's 2025 apartment vacancy rate was 5.0%, and CMHC's 2026 mid-year rental update shows Calgary asking rents falling since mid-2024. When rents soften and vacancy climbs, investor demand for condos cools. CMHC forecasts Calgary starts to moderate in 2026, which could ease the pressure over time. That is a forecast, not a guarantee.

What is happening with Edmonton condos?

Edmonton is soft in a narrower way. Buyers have more choice and sellers wait longer, but prices are not collapsing.

Start with the live feed. On July 8, 2026, homm.ca showed 5,124 active condo listings across Edmonton, at a median list price of $244,822. Over the previous 90 days, 2,190 condos sold at a median of $262,704, and the median time to sell was 38 days. For contrast, residential (largely detached) sold at a median of $490,568 in 28 days. Condos are cheaper and slower to sell, but they are still selling.

Close-in neighbourhoods show the price spread. Active condo medians ran from $279,500 in Garneau (107 listings) and $212,500 in Strathcona (79), both on the university side of the river, to $201,950 in Queen Mary Park (94), just north of downtown. For buyers who want a close-in location with lots of stock to compare, this is where choice is deepest right now. Our guide to Edmonton's loft and character buildings covers some of that central stock, and you can see what has actually changed hands on our recently sold Edmonton pages.

On supply, Edmonton set a housing-start record of its own in 2025, its second consecutive record year, with starts outpacing completions and rental apartments a major driver. On rentals, the 2025 apartment vacancy rate was 3.8%, and CMHC's 2026 mid-year rental update shows Edmonton asking rents holding essentially flat. Balanced rents and vacancy help explain why Edmonton condo prices are holding while Calgary's are not. CMHC forecasts Edmonton housing starts to decline moderately in 2026.

What changed in Alberta condo law in 2026?

If you own a condo anywhere in Alberta, this part matters no matter your city. Alberta updated the Condominium Property Act in early 2026, and many owners have not heard the details. The provisions came into force on February 15, 2026, with regulations following on February 26, 2026.

• A dispute tribunal. The Condominium Dispute Resolution Tribunal became operational on April 1, 2026, giving owners and boards a faster, lower-cost path than court. A new tribunal service fee of $9 per unit per year funds it, starting in 2026.
• A cap on chargebacks. When a board bills an owner for repairs, the chargeback is now capped at the lesser of the actual repair cost or the insurance deductible, to a maximum of $50,000. Boards must give 90 days' notice and pass a board resolution.
• Simpler voting. Voting moved to one vote per owner, with a unit-factor vote available on demand.
• Technical analysis for new buildings. New condo buildings need an independent technical analysis within four years of first occupancy. Buildings of 12 or fewer units are exempt.
• Developer obligations. Developers now pay condo fees on unsold completed units and must seat interim board members once 25% of units are sold.

What this means for Edmonton buyers, sellers, and owners

Buyers: You have choice and room to negotiate, especially in central Edmonton where listing counts are high. More than 5,000 active condo listings across the city means you can be selective on price, condition, and condo-fee health. Read the condo documents closely. For the wider market picture, our take on the 2026 buyer's window in Alberta is a useful companion read.

Sellers: Price to the data, not to last year's headlines. A 38-day median sell time for condos runs longer than the 28 days for detached homes, so expect patience. A realistic price and a clean listing beat waiting for a bidding war that thin volume is not producing.

Owners: Learn the new rules now. Know how the tribunal works, know the chargeback cap, and know that voting changed. These affect your costs and your rights whether or not you plan to sell.

None of this is investment advice. Whether a condo fits your situation depends on your budget, timeline, and the specific building. A local REALTOR® can walk you through a building's finances and history before you commit.

Frequently Asked Questions

Are Alberta condo prices going down in 2026? It depends on the city. In Calgary, the apartment condo benchmark was down about 9% year over year in June 2026 (CREB). In Edmonton, the apartment condo average price was up 2.0% year over year that month, at $219,190 (RAE). Edmonton's softness shows up in sales volume, which fell 15.4% year over year, rather than in price.

Why is Calgary's condo market weaker than Edmonton's? Supply. Calgary had a fourth consecutive record year for housing starts in 2025 (CMHC), with rental apartments a major driver, and CREB attributes the price softness to that high-density supply wave. Calgary's apartment months of supply sat near 4.9 in June 2026, in buyer's-market territory, and rents have fallen there too.

How long do Edmonton condos take to sell right now? On the homm.ca feed as of July 8, 2026, Edmonton condos sold in a median of 38 days over the previous 90 days, versus 28 days for residential (largely detached) homes. The median condo sold price was $262,704.

What are the new Alberta condo laws in 2026? Alberta updated the Condominium Property Act, with provisions in force February 15, 2026. Key changes: a Condominium Dispute Resolution Tribunal (operational April 1, 2026), a cap on owner chargebacks (the lesser of the repair cost or the insurance deductible, to a $50,000 maximum), one vote per owner, and a required technical analysis for new buildings within four years of first occupancy.

Is now a good time to buy a condo in Alberta? That is a personal decision the data cannot make for you. Buyers currently have more choice and negotiating room, especially in central Edmonton and across Calgary's oversupplied apartment segment. Whether a specific condo fits your budget and timeline is a conversation to have with a REALTOR® who can review the building's finances.

The Alberta condo market in 2026 rewards buyers and owners who read the specific city and the specific building, not one province-wide headline. Calgary's apartment segment is a genuine buyer's market on record supply. Edmonton is softer on volume than on price, with deep central choice. If you are buying, browse current Edmonton condo listings and shortlist on condo-fee health, not just sticker price. If you are selling, start with an honest home valuation and price to the 38-day reality, not last year's story. Either way, bring in a REALTOR® who can read the building's finances before you sign.

This article was researched and drafted with AI assistance, fact-checked against the primary sources listed below, and reviewed by the hômm editorial team before publication. Market data is live from the MLS®.