# Keturah West Springs: Calgary's Apartment Correction Meets Stable Financing Calgary's apartment benchmark price fell eight percent year-over-year to $295,400 in August 2026, while the total residential benchmark held at $569,800. These city-level measures are not measured at the Keturah West Springs neighbourhood level. Published 2026-10-11. Evidence snapshot 2026-10-12. ## Key facts and reporting periods - Benchmark Price: 569800 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 744300 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 690500 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 415200 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 295400 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 508800 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 608400 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg) - Benchmark Price: 569800 cad. Property type: All. Scope: Calgary, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/calg/) ## Market summary Calgary's apartment benchmark price fell eight percent year-over-year to $295,400 in August 2026, while the total residential benchmark held at $569,800. These city-level measures are not measured at the Keturah West Springs neighbourhood level. ## Central finding Calgary's housing market shows a sharp divergence between apartment and detached segments in August 2026. The apartment unadjusted benchmark price dropped eight percent year-over-year to $295,400, sitting nearly 13 percent below its August 2024 peak of $341,300. In contrast, the total residential benchmark price remained stable at $569,800, down only one percent from 2025 levels. This segment-specific correction indicates that affordability pressures and supply dynamics are affecting lower-priced housing more severely than the broader market average. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) ## How the numbers connect The apartment segment has experienced a significant price correction relative to its recent peak, indicating sustained downward pressure in this specific housing type. Calculation: ($341,300 - $295,400) / $341,300 = 0.1345 or approximately 13.5% decline from peak. Definitions: Unadjusted benchmark price for apartment-style homes in Calgary. Peak observed in August 2024; current observation in August 2026. Limit: This calculation applies to the city-wide apartment segment, not specifically to Keturah West Springs. It does not account for unit characteristics or location-specific variations within the neighbourhood. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) ## Apartment Price Correction Diverges from Stable Total Market In August 2026, Calgary's apartment-style unadjusted benchmark price stood at $295,400, representing an eight percent decrease compared to 2025 levels. This figure is nearly 13 percent lower than the August 2024 peak of $341,300, highlighting a sustained correction in this segment. Meanwhile, the total residential benchmark price remained at $569,800, similar to July and only one percent lower than 2025 levels. This divergence suggests that the overall market stability masks significant volatility in the lower-priced apartment sector. These city-level measurements are not measured at the Keturah West Springs neighbourhood level. For buyers and sellers in Keturah West Springs, the apartment correction implies greater negotiating leverage for those purchasing in this segment, while detached home owners may experience less price pressure. The sales-to-new-listings ratio for the city pushed above 60 percent in September, indicating tighter inventory conditions that could support prices across all segments if sustained. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) [Calgary Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/calgary) ## Stable Mortgage Rates Limit Downward Pressure on Demand As of September 18, 2026, the lowest available five-year fixed mortgage rate in Canada is 4.24%, with two-year and three-year fixed rates remaining below 4%. The Bank of Canada held its policy rate steady at 2.25% on September 2, 2026, keeping lenders' prime rate at 4.45%. This stability in financing costs provides a floor for buyer affordability, potentially limiting further price declines in Calgary's housing market despite the apartment segment's correction. However, rising five-year Government of Canada bond yields near 3.65% are exerting upward pressure on fixed rates, which could push them higher in the coming weeks. This national financing environment does not establish whether it changed target-locality outcomes in Keturah West Springs, as no supplied target-scope transaction series exists. The mechanism suggests that stable rates support demand resilience, but local factors such as rental availability may still influence buyer behavior in specific neighbourhoods. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals) ## Rental Supply and Infrastructure Funding Shape Future Composition CMHC reported a 3.8% vacancy rate for purpose-built rentals in Calgary in 2025, with an average two-bedroom rent of $1,603. Favourable rental conditions are slowing the transition to home ownership in Calgary's lower price ranges, according to CREB's chief economist. This dynamic supports the apartment segment's price correction by providing an alternative housing option for potential buyers who remain in the rental market due to affordability constraints. Federal infrastructure funding, including the Canada Housing Infrastructure Fund and Build Communities Strong Fund, aims to accelerate housing construction and improve community amenities. While these programs do not directly measure Keturah West Springs' development pipeline, they indicate a broader policy direction toward increasing housing supply. The absence of target-scoped policy or project pipeline evidence means that specific impacts on Keturah West Springs cannot be determined from the retained data. Sources: [Edmonton Property Management Trends to Watch in 2026 | Calgary & Edmonton Property Management](https://www.powerproperties.net/blog/edmonton-property-management-trends-2026) [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) ## The strongest counter-case While apartment prices have corrected significantly, the total residential benchmark price has remained relatively stable, suggesting that demand for higher-priced detached homes is resilient. Additionally, favourable rental conditions may be slowing the transition to ownership in lower price ranges, which could limit further price declines by reducing competitive pressure from new buyers. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) ## Living here Mapped inside Keturah West Springs are 1 school (Calgary French and International School), 4 parks, and 7 transit stops. These counts reflect recorded map presence only and do not establish walkability, access, convenience, connectivity, quality, or price effects. Sources: [Calgary French and International School](https://www.openstreetmap.org/way/267416556) ## The early signal The sales-to-new-listings ratio for Calgary, which pushed above 60 percent in September 2026 after falling to 56 percent in August. How it reaches the market: A rising sales-to-new-listings ratio indicates tightening inventory conditions, which typically leads to increased competition among buyers and upward pressure on prices. This measure moves before headline price changes because it reflects real-time market activity rather than lagging price adjustments. Typical lead time: Typically leads price changes by 1-3 months, as inventory tightness influences buyer urgency and bidding behavior before fully reflected in closed sale prices. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) ## Next 3 months, through December 2026 Prices: flat. Total residential benchmark price expected to remain within ±1% of $569,800 in Calgary. This is not a measured Keturah West Springs result. Why: Stable mortgage rates and balanced market conditions (sales-to-new-listings ratio around 56-60%) suggest limited directional pressure. The apartment segment's correction may continue to moderate overall price growth. Buyers: either way. Buyers can negotiate in the apartment segment due to price corrections, while detached home buyers face balanced conditions with moderate competition. Sellers: wait. Sellers should wait for clearer signals of demand recovery, especially in the apartment segment where prices are still correcting. Watch: A sustained drop in the sales-to-new-listings ratio below 50% would indicate weakening demand and potential further price declines. Confidence: moderate. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/) ## Next 6 months, through March 2027 Prices: rising. Total residential benchmark price expected to rise 1-2% from $569,800 in Calgary, driven by seasonal demand increases. This is not a measured Keturah West Springs result. Why: Seasonal spring demand typically boosts sales activity, and stable financing costs support buyer entry. However, the apartment segment's oversupply may limit overall price gains. Buyers: buy now. Buyers acting now can benefit from pre-season pricing before potential demand-driven increases in spring. Sellers: list now. Sellers listing in early spring can capitalize on increased buyer activity and favorable market conditions. Watch: A significant increase in new listings outpacing sales would signal renewed oversupply and potential price stagnation. Confidence: low. Sources: [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## Next 12 months, through September 2027 Prices: rising. Total residential benchmark price expected to rise 2-4% from $569,800 in Calgary, assuming stable economic conditions. This is not a measured Keturah West Springs result. Why: Long-term housing supply gaps and federal infrastructure funding support gradual price appreciation. However, trade war risks and potential interest rate hikes could offset these gains. Buyers: wait. Buyers may benefit from waiting if interest rates rise or if further apartment price corrections occur, improving affordability. Sellers: wait. Sellers should monitor macroeconomic indicators and adjust pricing strategies based on evolving market conditions over the next year. Watch: A sustained increase in mortgage rates above 5% or a significant economic downturn would likely reverse the expected price rise. Confidence: low. Sources: [CREA | REALTOR® Recommendations](https://www.crea.ca/advocacy/realtor-recommendations/) [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals) Assumptions: Mortgage rates remain stable within the current range of 3.89%-4.24% for fixed terms; No major economic shocks or policy changes occur that significantly impact housing demand or supply; Seasonal patterns in housing sales follow historical norms. What would reverse this: A significant increase in interest rates or a worsening economic outlook could reduce buyer affordability and demand, leading to further price declines, particularly in the apartment segment. Increased rental supply could also slow the transition to ownership, prolonging the apartment price correction. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [CREA | REALTOR® Recommendations](https://www.crea.ca/advocacy/realtor-recommendations/) ## Sources - [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg/): Source reference date 20 September 2026 (observation period not stated). Scope: city, Calgary, AB; city. - [Calgary Real Estate Board – CREB® | CREA Statistics](https://stats.crea.ca/board/calg): Source reference date 20 September 2026 (observation period not stated). Scope: city, Calgary, AB. - [Calgary Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/calgary): Source reference date 20 September 2026 (observation period not stated). Scope: city, Calgary, AB. - [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals): First captured 21 September 2026; publication date unavailable. Scope: National, CA. - [Edmonton Property Management Trends to Watch in 2026 | Calgary & Edmonton Property Management](https://www.powerproperties.net/blog/edmonton-property-management-trends-2026): Observation reference period: 31 December 2025. Scope: city, Calgary, AB. - [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Calgary French and International School](https://www.openstreetmap.org/way/267416556): date unavailable. Scope: neighbourhood. - [CREA | REALTOR® Recommendations](https://www.crea.ca/advocacy/realtor-recommendations/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.