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Calgary Real Estate Market Update – February 2026
February 2026 reflected a shift toward more balanced market conditions in Calgary. Sales totaled 1,526, down 11% compared to last year, while new listings remained relatively stable. However, inventory levels climbed 16%, giving buyers more choice than they’ve had in recent months. As a result, months of supply increased to 3.16 — moving the market closer to balanced territory. The total residential benchmark price now sits at $560,500, down 4.4% year-over-year, reflecting softer conditions in some segments of the market.
Quick Market Snapshot
| Metric | February 2026 | Y/Y Change |
|---|---|---|
| Sales | 1,526 | ↓ 11.2% |
| New Listings | 2,766 | ↓ 2.3% |
| Inventory | 4,822 | ↑ 16.3% |
| Months of Supply | 3.16 | ↑ 30.9% |
| Benchmark Price (Total Residential) | $560,500 | ↓ 4.4% |
By District – Benchmark Prices
| District | Benchmark Price | Y/Y Change |
|---|---|---|
| City Centre | $563,900 | ↓ 3.0% |
| North | $523,300 | ↓ 7.1% |
| North East | $471,200 | ↓ 8.6% |
| North West | $618,100 | ↓ 3.9% |
| West | $706,900 | ↑ 0.1% |
| East | $402,200 | ↓ 7.5% |
| South | $565,200 | ↓ 4.0% |
| South East | $544,600 | ↓ 6.2% |
By Property Type
| Property Type | Benchmark Price | Y/Y Change |
|---|---|---|
| Detached | $734,300 | ↓ 3.2% |
| Semi-Detached | $682,200 | ↓ 0.4% |
| Row | $423,600 | ↓ 5.0% |
| Apartment | $298,600 | ↓ 9.3% |
What This Means for You
Market Commentary
Detached demand is tightening, while apartments remain oversupplied. Inventory is up and conditions are more balanced overall, but the story varies by segment. Detached and semi-detached are holding up better, while row and apartment segments are seeing more supply pressure and larger year-over-year price declines.
For Buyers:
More choice and leverage than last year as inventory rises
Best negotiating opportunities are often in row + apartment segments
Be strategic: focus on value, condition, and days-on-market — not just list price
For Sellers:
Pricing accuracy matters more now as buyers have more options
Detached/single-family remains stronger, but expect longer timelines than peak seller-market conditions
Preparation wins: condition, presentation, and strong launch strategy are increasingly important
Disclaimer
Statistics sourced from CREB® (Calgary Real Estate Board). Data deemed reliable but not guaranteed. © CREB®.
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