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Market Report for the past 7 days.

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

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Open House. Open House on Saturday, February 14, 2026 1:00PM - 4:00PM

Please visit our Open House at 123 Valley Glen BAY NW in Calgary. See details here

Open House on Saturday, February 14, 2026 1:00PM - 4:00PM

Welcome to this beautifully maintained family home at 123 Valley Glen Bay NW, nestled in the highly sought-after community of Valley Ridge. Surrounded by parks, pathways, and a semi-private golf course, this location offers the perfect balance of nature and convenience—just 20 minutes to downtown Calgary and minutes from WinSport, the Calgary Farmers’ Market, and quick routes to downtown, Canmore, and the Rockies. You’re greeted by a spacious foyer and stunning hardwood floors, complemented by a calm, cohesive color palette that carries throughout the home. The main level features a formal dining room, a comfortable living room, and a generous kitchen with ample cupboard and counter space, an island, and a corner pantry. The bright breakfast nook is framed by large south-facing windows, filling the space with natural light and creating an inviting atmosphere. A 2-piece bathroom and mudroom complete this level. Upstairs, a large bonus room with a beautiful stone-faced gas fireplace offers the perfect gathering spot for family time. The primary bedroom is positioned at the back of the home, capturing plenty of sunlight, and includes a walk-in closet and a 5-piece ensuite. Two additional bedrooms, a 4-piece bathroom, and the convenience of upper-level laundry round out this floor. The lower level, with roughed-in plumbing, is ready for your personal touch and future development. Outside, the south-facing backyard is fully landscaped and features a two-tiered deck surrounded by mature trees—an ideal space for relaxing or entertaining. The property also includes a spacious two-car insulated garage. This home has been meticulously cared for and offers exceptional value in a fantastic community.

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New property listed in Valley Ridge, Calgary

I have listed a new property at 218 Valley Woods PLACE NW in Calgary. See details here

We are pleased to present this beautiful home, perfectly positioned on a large pie-shaped lot in a quiet cul-de-sac. Its striking curb appeal features a blend of stone accents and complementary stucco, setting the tone for the quality found throughout. Inside, the open floor plan showcases maple hardwood flooring, an expansive front entry, and abundant natural light from the large south-facing windows. The upgraded kitchen is a true highlight, offering a generous center island, stainless steel appliances, granite counters, gas stove, dual ovens, built-in microwave, and extensive cabinetry with elegant glass-front doors. A walk-in pantry with ample shelving connects conveniently to the mudroom and garage. A two-way fireplace adds warmth and ambience between the kitchen, living room, and dining area, all enhanced by soaring vaulted ceilings open to the upper level. The spacious main-floor office includes custom built-ins, mirrored closet cabinets, and a queen-size Murphy bed—ideal for a home workspace or an additional bedroom for guests. A well-appointed half bath completes the main floor. Patio doors with a retractable screen lead to the large south-facing patio, perfect for enjoying the sunshine. Upstairs, the primary suite features a walk-in closet and a beautifully upgraded five-piece ensuite with a luxury soaker tub, large walk-in shower, and updated fixtures. Two additional bedrooms, a four-piece bathroom, and upper-floor laundry provide comfort and convenience for the whole family. The lower level is roughed in and ready for your personal vision. Throughout the home, you’ll find custom Hunter Douglas blinds and shutters, including a remote-controlled blind for the high living-room windows. The professionally landscaped yard includes underground sprinklers with a controller, decorative lawn borders, a large latticed rear deck, an adjacent paving-stone patio, and front and back landscape lighting. The patio is equipped with a natural gas line, and both the fence and deck were re-stained in 2024. Mature trees, shrubs, and perennials offer privacy and year-round beauty. This exceptional property is ready for new owners to make it their own. The location offers the perfect balance of nature and convenience, with quick access to river pathways, community walking trails, downtown, major routes north and south, and an easy drive west to the mountains. Please note: This is an estate sale. The property and all goods are sold "as is/where is".

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New property listed in Greenwood/Greenbriar, Calgary

I have listed a new property at 247 Greenbriar COMMON NW in Calgary. See details here

Welcome to Artis in Greenwich — a luxury townhome collection located in one of Calgary’s newest master-planned community. Greenwich spans 59 acres in NW Calgary and blends brownstone architecture with boutique urban living. Home to the Calgary Farmers’ Market West, the community offers an impressive selection of cafés, restaurants, walking paths, parks, and stunning views of WinSport and the Rocky Mountains. This townhome features 1,562 sq ft of thoughtfully designed living space, including a double-primary bedroom layout, a ground-level flex room with a full bathroom, in-floor heating, and a double attached garage. The ground level offers 268 sq ft with a spacious foyer, a versatile flex room currently used as a gym, a 3-piece bathroom, and direct access to the garage. The main level provides 637 sq ft of open-concept living with a bright kitchen, dining area, and living room. The upgraded kitchen package includes sleek white cabinetry with black hardware, stainless steel appliances, gas stove and a designer hood fan. The striking black herringbone-patterned tile backsplash frames the stove area beautifully, creating a focal point balancing the lighter elements of the kitchen. A large island with undermount sink and sleek chrome faucet creates a comfortable seating area to enjoy quick meals or is the perfect gathering spot. From kitchen, step onto the deck equipped with a gas BBQ line. The laundry room is just off the kitchen. The living room is warm and inviting with south-facing windows, an electric fireplace with brick surround, and access to a second balcony which is south facing and overlooks the central courtyard. Upstairs, you’ll find and additional 657 sq ft with two spacious primary bedrooms, each with its own ensuite — one a 5-piece and the other a 4-piece. Additional upgrades include glass panels on stairwells, undermount sinks with full-height tile and mirrors in the bathrooms, upgraded lighting and window coverings, and air conditioning. The double attached garage includes 2 wall heaters and opens up to a off-street double parking pad. The exterior showcases timeless brownstone styling with James Hardie siding, full brick accents, and stucco finishes, offering durability and low-maintenance living. Greenwich’s location is exceptional — just 20 minutes to downtown, quick access north or south, and under an hour to Canmore and Banff. With parks, playgrounds, and the Farmers’ Market within walking distance, this is urban-inspired living at its best. The sellers have been fortunate to have an excellent tenant in place, who is willing to remain should the buyer wish to purchase the property as an investment.

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New property listed in Valley Ridge, Calgary

I have listed a new property at 123 Valley Glen BAY NW in Calgary. See details here

Welcome to this beautifully maintained family home at 123 Valley Glen Bay NW, nestled in the highly sought-after community of Valley Ridge. Surrounded by parks, pathways, and a semi-private golf course, this location offers the perfect balance of nature and convenience—just 20 minutes to downtown Calgary and minutes from WinSport, the Calgary Farmers’ Market, and quick routes to downtown, Canmore, and the Rockies. You’re greeted by a spacious foyer and stunning hardwood floors, complemented by a calm, cohesive color palette that carries throughout the home. The main level features a formal dining room, a comfortable living room, and a generous kitchen with ample cupboard and counter space, an island, and a corner pantry. The bright breakfast nook is framed by large south-facing windows, filling the space with natural light and creating an inviting atmosphere. A 2-piece bathroom and mudroom complete this level. Upstairs, a large bonus room with a beautiful stone-faced gas fireplace offers the perfect gathering spot for family time. The primary bedroom is positioned at the back of the home, capturing plenty of sunlight, and includes a walk-in closet and a 5-piece ensuite. Two additional bedrooms, a 4-piece bathroom, and the convenience of upper-level laundry round out this floor. The lower level, with roughed-in plumbing, is ready for your personal touch and future development. Outside, the south-facing backyard is fully landscaped and features a two-tiered deck surrounded by mature trees—an ideal space for relaxing or entertaining. The property also includes a spacious two-car insulated garage. This home has been meticulously cared for and offers exceptional value in a fantastic community.

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YOUR Market Report for the past 7 days

Key 2026 Market Indicators:

  • Market Shift: The intense seller's market is cooling; sales are easing while active listings have increased, providing better balance.

  • Prices (Jan/Feb 2026): Detached homes remain in high demand with slight, modest increases, whereas apartment and townhouse prices have shown signs of cooling or decreasing from their previous peaks.

  • Inventory: Improved, with a significant increase in options compared to 2024–2025 levels, reducing the "urgency" factor for buyers.

  • Outlook: 2026 is expected to see a softening as immigration slows and employment growth remains uncertain, according to experts.

Advice for Buyers/Sellers:

  • Buyers: More opportunity for negotiation, less pressure, and more inventory to choose from.

  • Sellers: While still holding a relatively strong position, it is critical to set realistic, market-aligned prices as the rapid, uncontrolled price hikes of previous years have subsided.

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Slow start for high-density homes

Calgary, Alberta, Feb. 2, 2026 – Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes. 

“Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this is not entirely uncommon for January, as both buyers and sellers weigh their options ahead of the spring market.” 

The rise in new listings compared to sales caused inventory levels to increase to 4,391 units, the highest January level since 2020. However, as with sales, conditions vary by property type, with row and apartment homes facing higher levels of inventory compared to long-term trends. The result is months of supply that ranges from under three months in the detached sector to five months for apartment-style homes. 

Due to declines in the later part of 2025, benchmark prices are lower than levels reported at the start of last year. However, seasonally adjusted figures point to stable levels in January compared to the end of 2025. Nonetheless, year-over-year total residential benchmark prices have declined by nearly five per cent, as steep declines reported in the oversupplied row- and apartment-style homes weighed on total residential prices compared to last year.

To read the full report, go to:

https://www.creb.com/Housing_Statistics/documents/01_2026_Calgary_Monthly_Stats_Package.pdf

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MARKET REPORT FOR THE PAST 7 DAYS

The January Housing Market Report is now available.  Check out my next post!!

As always, if you are thinking of buying or selling, give me a call and we can chat.  I would be more than happy to have a conversation with you to determine next steps and develop an action plan that will get you the results you are looking for!!

#getyourhomesold #gerardchiasson #yycrealestate

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MARKET REPORT FOR THE PAST 7 DAYS
  • 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.

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Open House. Open House on Sunday, January 18, 2026 1:00PM - 4:00PM

Please visit our Open House at 140 Valley Ridge HEIGHTS NW in Calgary. See details here

Open House on Sunday, January 18, 2026 1:00PM - 4:00PM

Welcome to Valley Ridge! Nestled within the Highlands of Valley Ridge complex, this air conditioned bungalow-style villa provides a harmonious blend of comfort and community living. The area is well known for its vibrant social scene, offering residents opportunities to connect and participate in events throughout the year. MAIN LEVEL FEATURES: Upon entering the home, you are greeted by a spacious and inviting main level. A family room, highlighted by a corner gas fireplace, creates a warm atmosphere ideal for relaxation. The main level also includes a full four-piece bathroom, ensuring convenience for both residents and guests. Step outside to your private patio, a perfect spot for unwinding and enjoying the fresh air. UPPER-LEVEL LIVING: The upper level showcases an open-concept design that enhances the sense of space and light. Striking new vinyl planking flooring extends throughout the area, while large windows and patio doors flood the space with sunshine. The kitchen is equipped with ample cupboard space, generous countertops, a large island for quick meals, and a corner pantry for storage. Adjacent to the kitchen, the living room features another corner gas fireplace and a dining area, providing an excellent setting for entertaining or relaxing with family and friends. BEDROOMS AND BATHROOMS: the primary bedroom is spacious and includes a walk-in closet and a three-piece ensuite for added privacy and comfort. There is an additional bedroom, accompanied by a four-piece bathroom, making this home suitable for families or guests. Laundry facilities are conveniently located on this level as well. COMMUNITY AND LOCATION: Beyond the home itself, Valley Ridge is a thriving community with an active association that organizes events such as Music in the Garden, Yoga in the Park, and a Community Garden. Residents enjoy access to numerous parks and trails, with quick connections to Stoney Trail, downtown Calgary, and both the northern and southern parts of the city. The scenic mountains are only a 45-minute drive away, offering further opportunities for recreation and exploration. SCHEDULE YOUR PRIVATE TOUR: Do not miss the chance to experience this exceptional home and community. Schedule your private tour today and discover all that Valley Ridge has to offer!

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.