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.
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