As of March 30, 2026, Calgary’s real estate market is experiencing a shift toward a more balanced environment, characterized by rising inventory, slower demand, and a significant slowdown in price growth compared to previous years. While detach-home prices remain relatively firm, apartments and row homes are experiencing notable price softening due to increased supply.

Recent Trends:

• Inventory Boost: New listings have increased, reducing the supply shortage that defined 2024–2025.

• Demand Adjustment: The velocity of sales has slowed, with homes remaining on the market longer than in early 2025, providing buyers with increased negotiation power.

• Rental Market: Vacancy rates have risen to approximately 5.5%, leading to lower rental prices around $1,800, which has reduced the urgency for some to enter the market.

With rental vacancy rates on the rise, a new wave of buyers is stepping into the market: first-time homeowners. The federal government’s GST rebate, combined with a softening rental landscape, is driving this shift in buyer behavior.

Owning a home is more within reach than you might think. Reach out anytime—I'd love to chat about how we can make your homeownership goals come to life.

THIS REBATE HAS NOW RECEIVED ROYAL ASSENT.

You may be eligible for a new housing rebate for some of the GST/HST paid if you are an individual who:

The FTHB GST/HST rebate is for eligible individuals who are buying, building or substantially renovating their first home.

This first home must be:

• Newly built or substantially renovated 

• For use as the individual's primary place of residence 

Depending on the value of the home, the individual could recover up to 100% of the GST (or federal portion of the HST) paid, up to $50,000.

For new homes valued:

• At or below $1 million, the rebate is up to 100% (up to a maximum rebate of $50,000)

• Between $1 million and $1.5 million, the maximum rebate is gradually reduced

• At or above $1.5 million, there is no rebate

Go to this link to receive additional information:

First-time home buyers’ (FTHB) GST/HST rebate - Canada.ca

DID YOU KNOW THAT YOU CAN BE REPRESENTED BY A REALTOR?

Purchasing a new home can be a meaningful and rewarding decision.  You are able to visualize your dream home and make it a reality.  Like any major purchase, it can also be overwhelming. 

Having the expert knowledge and experience of a Realtor who is representing your interests can help ease the stress.  Let me act as an intermediary between the seller (the builder) and you, the buyer of the property by representing you and your interests.

Throughout my career, I have assisted many clients through this process.  On their behalf, I have negotiated a better bottom line or purchase price with improvements and upgrades to the final purchase agreement.  

Let me work on your behalf to get the best deal possible!

Have questions - give me a call or send me a text.  We can chat about your real estate needs.

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

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%.

Let’s have a conversation about your real estate goals.  Call or text me at 403-703-5548

Detached market tightens while apartments remain oversupplied

Calgary, Alberta, March 2, 2026 – Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer. 

“Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.” 

Tighter conditions for detached homes offset the higher supply levels in the apartment condominium sector, leaving citywide conditions relatively balanced at three months of supply and a sales-to-new-listings ratio of 55 per cent. Inventory levels reached 4,822 units in February, with condominiums and row homes representing more than half of all the inventory. At the same time, there were 1,526 sales in February, an 11 per cent decline over last February, mostly due to a sharp pullback in row and apartment sales. 

Typical seasonal patterns tend to drive monthly gains in prices early in the year following the monthly slides reported at the end of the previous year. While February did report monthly benchmark price gains for most property types, prices continued to slide for apartment-style homes. However, monthly gains for lower-density homes offset the pullbacks for apartment units, leaving the total residential benchmark price of $560,500 one per cent higher than January, but still four per cent lower than last year's levels. 

Detached -  Both sales and new listings in February were similar to levels reported last year. With 736 sales and 1,269 new listings, the sales-to-new-listings ratio was 58 per cent. While this did not prevent further inventory gains, months of supply remained relatively balanced at just under three months. Conditions did vary across the city as the North East district struggled with excess supply, preventing any improvement in monthly prices. Meanwhile, the West district reported the tightest conditions with less than two months of supply. 

In February, the unadjusted benchmark price for a detached home was $734,300, over one per cent higher than January, but still three per cent lower than last year's levels. The only districts to report both month-over-month and year-over-year gains were the City Centre and the West district. 

Semi-Detached - Sales improved in February, reaching 175 units. At the same time, new listings rose to 253 units, causing the sales-to-new-listings ratio to rise to 69 per cent and preventing any improvement in inventory levels compared to January. This caused the months of supply to drop to 2.4 months, the lowest out of the four property types. 

While this is a smaller segment of the market, the tighter conditions did result in slightly higher monthly price gains. As of February, the unadjusted benchmark price was $682,200, over two per cent higher than January and comparable to levels reported last year. Year-over-year price changes varied by district, with gains in the City Centre, North West and West offsetting declines in the North East, North, South, South East and East. In addition to typical seasonal factors, tighter conditions at the start of the year are helping support monthly price gains in most districts. 

Row - Sales picked up in February compared to January, reaching 270 units. Meanwhile, after January’s surge in new listings, levels slowed to 491 units, helping bring the sales-to-new-listings ratio into more balanced territory at 55 per cent. While inventories did rise, the monthly gains in sales helped reduce the months of supply from over four months in January to just over three months in February. 

The unadjusted benchmark price rose to $423,600 in February, in line with typical seasonal expectations. While prices are still five per cent lower than last February, there is significant variation between districts. The steepest year-over-year declines have occurred in the North East and East districts at over 10 per cent. Meanwhile, prices in both the West and City Centre are only slightly lower than levels reported last February. 

Apartment Condominium - Despite a pullback in new listings in February, with 753 new listings and 345 sales, the sales-to-new-listings ratio remained low at 46 per cent, contributing to further inventory gains. February reported 1,580 units in inventory, high enough to keep the months of supply well over four months. The persistently higher supply levels continued to weigh on prices in February, as the monthly benchmark price dropped to $298,600, nearly one per cent below January and over nine per cent lower than prices reported last February. 

Conditions do vary across the city. After the first two months of the year, the months of supply have ranged from over 11 months in the North East to below four months in the South district. The higher supply levels are weighing on prices across all districts. The largest year-over-year price adjustments have occurred in the North East, East and South East districts, which have seen declines surpassing 10 per cent. 

 REGIONAL MARKET FACTS

Airdrie - Sales and new listings totalled 122 and 236 units, respectively, in February, causing the sales-to-new-listings ratio to rise to 52 per cent. At the same time, inventories increased slightly over the previous month and last year, pushing above long-term trends. However, with just over three months' supply, conditions are considered relatively balanced. The unadjusted benchmark price was $512,200 in February, similar to the previous month, but still five per cent lower than last year's levels. Increased competition from the new home sector, along with increased supply choice in both Calgary and other surrounding areas, has contributed to some of the price adjustments that have occurred in Airdrie.

Cochrane - The gains in sales in February helped offset the new listings in the market. With 91 sales and 154 new listings, the sales-to-new-listings ratio rose to 59 per cent, preventing any significant shift in inventory levels. This caused the market to shift toward more balanced conditions with three months of supply. As of February, the total residential benchmark price was $553,500, slightly higher than January, but due to pullbacks mostly in the third quarter of 2025, prices remain three per cent lower than last February. 

Okotoks - Sales in February slowed compared to new listings that came onto the market, causing the sales-to-new-listings ratio to fall below 60 per cent. This helped support some inventory gains in Okotoks for the month. However, inventory levels remained well below long-term trends and with under three months of supply, conditions remain relatively tight. The tighter conditions have once again contributed to some monthly gains in prices beyond what’s typically seen early in the year. As of February, the unadjusted benchmark price was $612,300, a two per cent gain over January and similar to levels reported last year. 
 

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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.

Give me a call and we can discuss your real estate goals!