Calgary Real Estate Market Highlights (March 2026):
Inventory & Sales: Inventory has increased, with approximately 4,872 units reported, providing more options for buyers. Monthly sales saw a year-over-year decline of 11.3%.
Prices: The benchmark price is $560,500. Detached homes are proving more resilient, while higher-density units like apartments and row houses have experienced sharper price declines, notes RBC.
Market Type: The market has moved from a firm seller's market to a more balanced, neutral territory, say CREB.
Mortgage Rates: As of mid-February 2026, Alberta's lowest 5-year variable rate was 3.35%, notes WOWA.ca.
Outlook & Trends:
Long-Term Trends: CREB data projects continued, gradual adjustments through 2026, with elevated inventory potentially keeping prices stable or creating minor downward pressure in certain segments.
New Construction: CMHC reports note that new construction activity is expected to remain weak due to high costs
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