Calgary’s real estate market is currently transitioning from a seller-favored environment to a more balanced market, with varying conditions across property types and neighborhoods.

Market Trends and Pricing

The average residential sale price in Calgary increased by 3.5% from 2024 to 2025, rising from $621,015 to $642,840, with prices expected to remain steady into 2026 (REMAX). Detached homes have maintained relative stability, while apartment and row-style homes are experiencing slight declines due to increased supply, with annual decreases of 1–2% projected in 2025 (CREB). Benchmark prices in March 2026 were $565,600, reflecting a 4.2% year-over-year decline, with detached homes down 3.3% and apartments down 9.3% (REW).

Sales and Inventory

Sales activity has moderated, with 20,082 transactions in 2025, a 15.8% decrease from 2024, while total listings fell by 19.2% to 27,243 (REMAX). Inventory has doubled since 2024, bringing supply back in line with long-term norms (CREB). In March 2026, months of supply widened to 2.87, up 20% from the previous year, indicating a slight shift toward buyer leverage, though the market remains technically a seller’s market (REW).

Market Segmentation

Detached homes:  Strong demand particularly in West and City Centre districts with tighter conditions and stable pricing.

Condos and Apartments:  Conditions favor buyers due to higher-density supply and rental market saturation, leading to price softening.

Single-Family Homes:  Expected to see the strongest demand in 2027, especially in suburban areas like Springbank Hill, Discovery Ridge, and Rocky Ridge.

Market Outlook

The Calgary market is expected to remain balanced to slightly buyer-favored, with steady prices and moderate sales activity in 2028 (REMAX).  Detached homes in high-demand areas may continue to see price resilience, while apartments and row homes face downward pressure from increased supply (CREB).  Overall, Calgary’s market is resilient, supported by population growth, stable employment, and ongoing construction, through affordability remains a key consideration for buyers.  

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Balanced conditions in the city, except for apartment-style units

Calgary, Alberta, May 1, 2026 – In line with seasonal expectations, both sales and inventory levels trended up relative to March’s activity. Despite this typical monthly rise, April sales totalled 2,104 units, six per cent lower than levels reported in 2025. 

“Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers, helping our market shift away from seller’s market conditions to more balanced conditions,” said Ann-Marie Lurie, CREB®’s Chief Economist. “However, the trend of limited supply choice in the detached market continues, while conditions favour the buyer in the apartment condominium market.” 

With 3,829 new listings in April, the sales-to-new-listings ratio remained at 55 per cent, supporting a modest monthly gain in supply. Inventory levels reached 5,973 units, nearly two per cent higher than levels reported last April. Overall, the months of supply remained just below three, representing relatively balanced conditions. However, this ranged from just over two months for detached homes to over four months for apartment-style homes. 

The unadjusted total residential benchmark price trended up compared with March, reaching $568,800. The monthly gain was mostly associated with seasonal improvements, which is expected heading into the spring market. Monthly gains were higher in the detached and semi-detached segments. Overall, compared with the previous year, prices remain three per cent lower, with modest year-over-year declines in the detached and semi-detached sector, while declines neared nine per cent for apartment-style units.   

So far in 2026, conditions have varied, ranging from seller’s market conditions and price growth for detached homes in some parts of the city to buyer’s market conditions and price adjustments in the apartment condominium sector.

To see the full report, go to:

https://www.creb.com/Housing_Statistics/documents/04_2026_Calgary_Monthly_Stats_Package.pdf

As of early May 2026, the Calgary real estate market is transitioning toward a more balanced, buyer-friendly environment, with average home prices roughly $640k–$675k and rising inventory improving selection. While detached homes remain competitive, the market is seeing a notable softening in demand, leading to more negotiations and less price pressure than previous years. 

Key Market Trends (May 2026)

• Average Sold Price: Approximately $641,844 to $674,000 across all property types.

• Inventory & Competition: Inventory has increased, reducing the intense competition of recent years, though some popular segments still favor sellers.

• Market Balance: The market is described as shifting to a more balanced state with 3+ months of supply in some sectors.

• Property Type Trends:

  • Detached: High demand continues, but price growth has slowed.

  • Apartments/Condos: Seeing lower demand, with median prices declining over 6% year-over-year.

• Overall Market State: Described as "stable" or shifting to favor buyers, with more opportunities to negotiate. 

To find out how the current market is impacting you, give me a call.