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%.
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