Calgary, Alberta, April 1, 2026 – Supply conditions in March varied significantly depending on property type. Inventory levels saw a typical monthly rise, but compared with long-term trends, inventory remained well above the 10-year average for both row and apartment-style units and well below trend for detached homes. This is not a surprise given the pullback in detached housing starts last year despite record-high apartment-style starts. 

There were 1,881 sales in March, up from the previous month, but still 13 per cent lower than levels reported last year and below long-term trends for March. The decline in sales is mostly due to pullbacks in apartment-style activity, where increased supply choice and slower migration is spreading demand across a wider range of supply. Meanwhile, detached sales have also slowed compared to long-term trends, likely due to limited supply choice in some city districts. 

“When considering total residential housing statistics, conditions appear to be relatively balanced as sales, new listings, inventories and prices all trended up over the previous month as we start to move into the spring market,” said Ann-Marie Lurie, CREB®’s Chief Economist. “However, when we look deeper, we are seeing a market that ranges from tighter conditions for detached homes to the apartment sector, where conditions tend to favour the buyer. As expected, this is supporting upward momentum in detached prices and downward pressure in the apartment condominium sector.” 

The total unadjusted benchmark price in the city was $565,600, up nearly one per cent compared to February but down by more than four per cent compared to last year. After the first quarter, benchmark prices posted modest to stable conditions for lower density homes. However, apartment condominium prices continued to slide, dropping another three per cent in the first quarter compared to the fourth quarter of last year. 

Detached

The detached market is exhibiting the tightest conditions compared to all other property types. With 982 sales and 1,614 new listings in March, the sales-to-new-listings ratio rose to 61 per cent, while inventory levels remained similar to those reported last year. With just over two months of supply, conditions in March closely resembled those seen last year at this time. However, conditions varied across the city, with less than two months of supply reported in the North West, West, South, South East and East districts. Meanwhile, conditions were relatively balanced in both the City Centre and North districts, while the North East district continues to struggle with higher supply relative to demand. The detached benchmark price was $741,300 in March, down by three per cent over last year’s peak price of $766,600. However, tight conditions in most parts of the city are driving some price gains. After the first quarter, the largest quarterly gain was reported in the West district, followed by the City Centre and South districts. 

To READ the FULL REPORT, go to:  https://www.creb.com/News/Media_Releases/2026/April/March_2026_Stats/

Calgary’s housing market as of early March 2026 shows a shift toward balanced conditions, with inventory up and sales down leading to a benchmark price of $560,500. While detached homes remain in high demand, increased supply has slowed overall price growth, with 3.2 months of supply.

Key Market Trends (March 2026):

• Inventory & Sales: Active listings rose significantly (16% higher than last February) to 4,872 units, while sales dipped by 11.3%.

• Prices: The benchmark price ($560,500) represents a 4.4% decline year-over-year.

• Property Type Breakdown:

  • Detached: The average price increased slightly by 0.3% to $807K.

  • Semi-Detached: Average price decreased 6.6% to $672K.

  • Townhouses: Average price dropped 5.2% to $457K.

  • Condo Apartments: Average price increased by 0.7% to $356K.

• Market Conditions: The market is generally balanced, with 3.2 months of supply. However, some segments, such as certain condos in high-density areas, may face higher inventory levels.

• Mortgage Rates: As of March 8, 2026, the lowest 5-year variable rate in Calgary is 3.34%.

Let’s have a conversation about your real estate goals.  Call or text me at 403-703-5548

As of March 2026, the Calgary real estate market is shifting from a long-standing seller's market toward more balanced conditions, with rising inventory and slower demand reducing competition, particularly for lower-priced homes. While detached homes remain in a stronger position, price deceleration is occurring, especially in the apartment and townhouse sectors, resulting in a more favorable environment for buyers with more options and less pressure.

• Market Status: The market is transitioning toward a more balanced, buyer-friendly environment.

• Pricing Trends (Early 2026): Benchmark home prices have seen a slight year-over-year decline in some segments, such as a 4.7% decrease in some reports, with an average price around $626,038.

• Inventory: New listings have increased, providing more options and alleviating some of the intense pressure seen in previous years.

• Property Types: Detached homes are holding value better, while apartments and row-style homes are experiencing sharper price corrections.

• Forecast: Continued price moderation is expected as inventory grows, offering a more balanced market compared to the 2021-2025 period.

Give me a call and we can discuss your real estate goals!

Key Market Trends (February 2026)

• Inventory & Sales: Inventory has increased significantly, providing more options for buyers and reducing the intense competition from previous years.

• Pricing: While detached home prices have remained relatively stable or seen minor increases, the overall benchmark price has seen some declines, particularly for apartments and row homes.

• Market Conditions: The market is shifting from a strong seller’s market to a more balanced, or "balanced-to-seller," environment, allowing for more negotiations.

• Regional Variation: The Northeast and East zones have experienced the largest price declines, partly due to new supply, while other areas have seen more stability.

Advice for Buyers and Sellers

• Buyers: With higher inventory levels and less pressure, buyers have better opportunities to find homes and negotiate, though affordability remains a challenge due to high interest rates.

• Sellers: While sellers can still achieve good prices for well-priced, desirable homes, they may need to adjust expectations and be more competitive in pricing compared to the peak market

Need some advice?  Not sure what your home could sell for?  Thinking of selling or buying and need some experienced guidance - I have you covered!!   Give me a call at 403-703-5548

I’m incredibly grateful to the clients, colleagues, and community who helped make this possible. Here’s to another year of working together, supporting each other, and celebrating more wins!

The number of active listings is slowly increasing each week.

Spring and early summer sales means listing now.  Get ahead of the spring rush. 

Give me a call and we can chat about the market!

• Increased Inventory:  Yes, the number of new listings is rising slowly leading to more homes available and a higher "months of supply," shifting from a strong seller's market to a more balanced one.

• More Time on Market: Homes are staying on the market longer, giving buyers more negotiation power.

• Sector-Specific Shifts: While apartments and row homes saw bigger price drops, the market for detached and semi-detached homes is also softening, with improved inventory levels. 

If you have any questions about the Calgary real estate market, give me a call and we can chat.

Calgary, Alberta, Jan. 2, 2026 – Following several years of strong price growth, 2025 marked a year of transition thanks to strong demand and limited supply. Due to record high starts, supply levels improved across all aspects of the housing market, just as demand pressure eased due to a reduction in migration levels and heightened uncertainty that persisted throughout the spring market. This helped shift the resale market from one that favoured the seller to one that was more balanced. 

In 2025, sales reached 22,751 units, down 16 per cent over last year, but in-line with long-term trends. Much of the shift came from the growth in supply. 2025 saw over 40,000 new listings come onto the market, nine per cent higher than last year, causing inventories to rise and driving more balanced conditions. 

“Supply levels were expected to rise in 2025. However, the growth was higher than expected especially for apartment condominium and row homes. This weighed on prices in those sectors enough to offset the annual gains reported for both detached and semi-detached homes,” said Ann-Marie Lurie, CREB®’s Chief Economist. "Adjustments in both supply and demand varied across the city, with pockets of the market continuing to experience seller’s market conditions versus some areas where the conditions favoured the buyer. This resulted in different price trends based on location, price range and property type.” 

Overall, the annual average total residential benchmark price in 2025 was $577,492, two per cent lower than last year’s annual average. However, annual detached and semi-detached prices rose by a respective one and three per cent, while apartment and row homes saw prices fall by a respective three and two per cent. 

Compared to other districts, the North East reported the largest decline in prices this year. While some of this is related to improved supply across all areas of the city, it is also important to note that the North East district also reported the strongest price growth over the past two years. 

For the first time in three years, we are heading into the New Year with better inventory levels. Details on what is expected to happen in the market in 2026 will be released at CREB®’s annual Forecast Conference on Jan. 20, 2026. 

Detached

Detached sales totaled 11,328 in 2025, down by nearly nine per cent compared to last year. Sales eased across all districts in the city, with the steepest declines occurring in the North East, East and City Centre district. However, unlike the City Centre, the North East and East districts also experienced significant gains in inventory compared to long-term trends, driving annual price declines of two per cent. Meanwhile, in the City Centre detached inventory remained well below long-term averages, which likely prevented stronger sales and contributed to the annual price growth of over three per cent. Despite the differing conditions in different areas of the city, slowing sales and rising supply citywide helped move the market into balanced conditions by the second half of the year. The annual average benchmark price was $752,767, one per cent higher than last year’s annual level.  

Semi-Detached

Semi-detached homes represent the smallest segment of the market, accounting for less than 10 per cent of all sales activity. Sales in 2025 were 2,159, eight per cent lower than last year, but slightly higher than long-term trends. Trends for semi-detached homes have been relatively consistent with the detached market. However, it took longer for this segment of the market to shift to more balanced conditions, resulting in stronger annual price gains. In 2025, the average annual benchmark price was $685,850, nearly three per cent higher than last year. Prices did ease in the North district as competition for new homes weighed on resale activity, but the decline in this district was more than offset by the four per cent gain in the City Centre. 

Row

2025 sales eased by 17 per cent to 3,838 units. Despite the decline, sales were still higher than long-term trends, as row homes are starting to account for a larger share of the overall activity in the city. At the same time, new listings also rose relative to sales, driving inventory gains and taking the pressure off prices. Conditions shifted to more balanced levels relatively early in the year, and by the last quarter conditions ranged from a balanced to a buyer’s market depending on the districts of the city. Overall, this contributed to the annual average benchmark price decline of two per cent. While prices were relatively stable in the City Centre, North West, West  and East districts, additional supply in the resale market and competition from new homes caused prices to decline by four per cent in the North East and North districts.

Apartment Condominium

Apartment-style homes reported the largest adjustment in price in 2025. Sales declined by 28 per cent compared to the near record high levels achieved last year. While the decline was significant, sales were still over 28 per cent higher than long-term trends. The main cause of the shift in conditions was due to the supply. Over the past three years, there has been a rise in apartment-style starts. While most of the apartment starts were purpose-built rental, they are adding to the supply choice and weighing on the resale market. Resale condominiums saw the market shift in favour of buyers by the second half of the year, with elevated months of supply being reported in most districts of the city. This resulted in relatively persistent downward pressure on prices, causing the annual average benchmark price to decline by nearly three per cent. Price declines were the steepest in the North East nearing five per cent. The only area to report relative stability in the annual price was in the West district.

REGIONAL MARKET FACTS

Airdrie

Increased competition from the new home market, along with more supply options in competing resale markets, has contributed to the added supply in the resale market in Airdrie. Following four consecutive years of exceptionally low inventory levels, 2025 saw inventory rise to levels not seen since prior to the pandemic. While sales activity did remain in line with long-term trends despite an annual decline, the push up in inventories caused the months of supply to generally rise throughout the year. Overall, the annual average benchmark price eased by two per cent this year. 

Cochrane

Sales in Cochrane were similar to last year and above long-term trends. While demand stayed relatively strong in the town, steady gains in supply did cause conditions to shift to a more balanced state by the end of 2025. With the shift occurring later in the year, we did not see the same downward pressure on prices. In fact, on an annual basis the benchmark price in Cochrane was $578,325, nearly three per cent higher than last year. Cochrane also tends to see a larger share of newer properties being listed and sold on the resale market, impacting the prices in the resale market. 

Okotoks

Okotoks continued to struggle with supply growth. Inventories did rise by over 40 per cent, but levels were exceptionally low last year. Even with the gain in 2025, levels were still 30 per cent below long-term trends. Sales activity in the town remained consistent with the levels reported last year and were higher than long-term trends. The persistently low inventory levels generally kept market conditions relatively tight. However, total residential prices posted only a modest gain over last year, this is likely due to compositional shifts as price growth ranged from over one per cent for detached homes to nearly eight per cent for apartment condominium product. 
 

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

Located in the ever popular Bowness!

PROPERTY DESCRIPTION: This spacious home features a four-level split layout, offering three bedrooms and two and a half bathrooms. The main and upper floors include a full kitchen, dining room, and living room, providing comfortable living spaces for the whole family.

LOWER LEVEL SUITE: The lower level is fully finished and contains an illegal suite. This suite includes its own kitchen, a recreation room, a multi-use room, a bedroom, and a bathroom, providing additional living space or potential rental income.

USAGE OPTIONS: This home is ideal for use as a single-family residence, offering 2,047 sq ft above grade, plus an additional 729 sq ft in the basement. Alternatively, homeowners have the option to generate income by renting out the illegal suite in the basement.

FUTURE DEVELOPMENT POTENTIAL: The large lot also provides the potential for an attached infill, allowing for future expansion or development opportunities.

Call or text today for a viewing.

Gerard at 403-703-5548

The Calgary real estate market continues to experience a period of balanced conditions with a slight cooling off from the previous strong seller's market. While sales activity is still strong, inventory levels are rising, giving buyers more options and potentially easing price pressures, particularly in the apartment and row style home sectors. 

• Specific Property Types:

  • Detached Homes: Benchmark prices are holding steady, and sales activity is mixed across different areas. 

  • Semi-Detached Homes: Prices are up slightly, with City Centre homes reaching record highs. 

  • Apartment and Row Homes: These property types are experiencing higher inventory levels and some price declines due to increased supply. 

Feel free to give me a call so we can discuss how your home is influenced by the current real estate market.

Now listed for $850,000

Very motivated sellers - give me a call for more information and to schedule a viewing.

It was a pleasure working with Barry and Carol on the sale of their Valley Ridge bungalow. There were amazing to work with - we made a great team. I am so glad that they felt their experience was so positive.

Thinking of buying or selling? Give me a call and we will work together to get positive results.

Gerard at 403-703-5548

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