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

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.

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

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

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.

Calgary, Alberta, Dec. 1, 2025 – In line with typical seasonal trends, sales, new listings and inventory levels all slowed relative to last month. The 1,553 sales were met with 2,251 new listings, causing the sales-to-new-listings levels ratio to improve to 69 per cent. This also helped support some of the inventory adjustment. However, with 5,581 units in inventory, levels are still 28 per cent higher than last year and over 15 per cent higher than typical levels reported in November. 

“Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units,” said Ann-Marie Lurie, CREB®’s Chief Economist. “This is partially related to the additional supply choice coming from the new homes sector, some of which end up on the resale market, especially near the end of the year. While buyer’s market conditions are more prevalent for apartment-style homes and to a lesser extent row homes, outside of a few pockets of the market, both the detached and semi-detached markets are relatively balanced.”   

The additional supply choice across resale, new and rental markets, is having the most impact on apartment and row style home prices which are reporting year-over-year price declines of seven and six per cent. In comparison detached home prices are down by two per cent compared to last November, but still higher than last year when looking at year-to-date figures. Overall, the unadjusted total combined residential benchmark* price in November was $559,000, nearly five per cent lower than last year. 

*To keep the benchmark price relevant, once a year the attributes of a benchmark home are reviewed and the benchmark prices are updated. The review has been completed and the data has been updated.  While all historical adjustments have occurred, old PDF monthly reports are not adjusted. 

To read the full report, go to:  https://www.creb.com/Housing_Statistics/documents/11_2025_Calgary_Monthly_Stats_Package.pdf

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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

October 1, 2025

A boost in new listings drives further inventory gains and price adjustments.

The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 per cent higher than last year and over 17 per cent higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends.

“Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.

Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 per cent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.

Inventory gains for apartment style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over six per cent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only one per cent lower than last year, with most of the adjustments driven by the North East and North districts.

To read the full report, go to: https://www.creb.com/Housing_Statistics/documents/09_2025_Calgary_Monthly_Stats_Package.pd

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.

The Calgary real estate market is currently experiencing a shift towards a more balanced market, with a cooling off period after a period of rapid growth. While detached homes are still in a seller's market, inventory has increased, giving buyers more options and reducing intense competition. Prices are still increasing, but at a slower pace.