Calgary home prices have dropped over two years, slightly improving affordability for first-time buyers. In 2026, saving 15% of a median income of $123,842 annually, buyers need about eight years to afford a 20% down payment on a $750,500 home. This is shorter than previous years due to rising incomes, despite higher home prices in 2024 and 2025. The last shorter saving period was in 2023 with lower home prices.