Elias Belay - Realtor

Call Directions Website

Elias Belay - Realtor Residential and Commercial Real Estate Associate

10/26/2026

Calgary Detached Homes Hold While Condos Sag
Let’s take a look at how Calgary’s real estate market shaped up in Late-Q3. Sales reached 1,650 across the city, down about 4% year-over-year, with the residential benchmark at $566,700—a slight 1% dip. Inventory remains steady with nearly four months of supply, leading to generally stable conditions overall.

Detached homes continue to be the highlight: 896 sales, representing more than a 4% increase from last year. Benchmark prices for detached properties eased by roughly 1% to $739,400, while the sales-to-new-listings ratio held just above 50% and supply sits at a little over three months.

Higher-density properties, on the other hand, are showing some softness after several years of strong construction activity. Apartment condos saw 343 sales—down about 14% from last year—and row-home supply exceeded four months for the first time in 2026. Benchmark pricing for apartment condos fell over 8% to $291,400, and row homes reached $412,400, which is particularly relevant for those considering financing options in Calgary.

Even with these shifts, seasonally adjusted prices held steady compared to Mid-Q3, suggesting that the late-quarter dip is par for the course. Strong employment numbers and continued positive migration are still supporting demand. As always, you can browse listings and market reports on my website anytime—it’s all about making informed decisions at your own pace.

10/26/2026
Calgary Housing Market | 2026 Home PricesKeeping an eye on Calgary’s housing trends is just part of how I help you stay ...
10/25/2026

Calgary Housing Market | 2026 Home Prices
Keeping an eye on Calgary’s housing trends is just part of how I help you stay informed. In 2026, the market is showing a 16% drop in sales and 10% fewer new listings, but prices are holding steady near $571,500. Interestingly, average sale prices have climbed 4%. Condos saw a 6.5% decrease, while townhouses and single-family homes experienced only slight declines. Whether you’re browsing listings or researching the market, it’s all about finding the right information at your own pace.


https://www.roomvu.com/agent-news/elias-belay/2137341-Calgary-Housing-Market-%7C-2026-Home-Prices

Detached homes buck Calgary's September slowdownSeptember brought some interesting shifts to Calgary’s real estate scene...
10/24/2026

Detached homes buck Calgary's September slowdown
September brought some interesting shifts to Calgary’s real estate scene. While the market as a whole recorded 1,650 sales, detached homes actually saw a 4% increase in sales, standing out from the crowd. At the same time, the benchmark price for these homes edged down just under 1% to $566,700. If you’re eyeing higher-density properties, it’s worth noting that increased supply has tipped conditions into buyer’s market territory in those segments. Inventory levels are definitely varying by area, so there’s a lot to consider as you explore your options. My website is always available for you to browse listings and research at your own pace—whenever you’re ready to dig deeper or want to see something in person, I’m here to help.


https://www.roomvu.com/agent-news/elias-belay/2138601-Detached-homes-buck-Calgary%27s-September-slowdown

10/13/2026

From offer to keys: a guide for Alberta homebuyers
Navigating the path from making an offer to unlocking the door to your new Alberta home can feel overwhelming, but breaking it down into clear steps always helps. Start by reviewing your budget—look at what you qualify for in a mortgage, and be realistic about all ownership costs. Next, consider the market value of the properties you’re interested in, and think carefully about the conditions and terms you want to include in your offer. Be sure your offer has a deadline, and be prepared for some negotiation along the way. Once the deal is moving forward, take time to satisfy any conditions, and remember to set up your insurance, utilities, and movers before possession day so your transition is a smooth one. My goal is always to make sure you feel confident and informed every step of the way.

10/12/2026

Canada Needs Twice the Projected Homes
Canada’s housing supply challenge is even greater than many realize. According to the national housing agency, we’ll need between 417,000 and 469,000 new homes built every year through 2036 to bring back the affordability levels we saw before the pandemic—far beyond what current construction trends predict. Even now, we’re facing a supply gap of 187,000 to 238,000 homes annually for at least the next decade. With construction expected to slow more quickly than demand, this shortfall puts our affordability goals at risk. Most current building is already committed to ongoing projects, so bridging this gap will require a major ramp-up in new housing starts. As you navigate your options, understanding the scale of the market’s needs can help set realistic expectations and guide your decisions. My aim is to keep you informed so you’re empowered every step of the way.

Canada housing affordability and market trendsNavigating the Canadian housing market has become more challenging, especi...
10/11/2026

Canada housing affordability and market trends
Navigating the Canadian housing market has become more challenging, especially after the pandemic-driven surge in prices and ongoing inflation. With the Bank of Canada having raised rates sharply before cutting them nine times to the current 2.25%, we’re still seeing inflation hover around 3%. Fixed mortgage rates continue to fluctuate, with some dipping below 4%. As you explore your options, you can rely on up-to-date listings and resources to make informed decisions—whenever it suits your schedule.


https://www.roomvu.com/agent-news/elias-belay/1969760-Canada-housing-affordability-and-market-trends

10/11/2026

Happy Thanksgiving

CMHC Foresees Stable Housing Market Into Year-EndThe latest CMHC data points to a continued slowdown in housing starts a...
10/10/2026

CMHC Foresees Stable Housing Market Into Year-End
The latest CMHC data points to a continued slowdown in housing starts as we move toward the end of the year. Over the past six months, starts dipped by 1.3%, totaling 244,149 units, and the monthly average held steady at about 229,000. Year-to-date, that's a 4% decrease in new construction. While Montreal and Vancouver saw some growth, Toronto's numbers remained unchanged, and overall completions dropped by 11.2%. For anyone keeping an eye on the market, these trends offer important context as you consider your next move—whether you're browsing listings or planning your next step in the real estate journey.


https://www.roomvu.com/agent-news/elias-belay/2073679-CMHC-Foresees-Stable-Housing-Market-Into-Year-End

Address

Calgary, AB

Alerts

Be the first to know and let us send you an email when Elias Belay - Realtor posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Sponsored

Share

Category