Calgary Housing Market Outlook 2026
Calgary Balances Out in December as Supply Rewrites the 2026 Narrative
Calgary closed December in a more stable, balanced position, with resale activity easing slightly from November while inventory continued to rebuild after several years of extreme tightness. Sales were little changed from earlier in the year, but the weight of new and resale supply kept prices under pressure, with the composite MLS HPI posting its steepest annual decline in nearly a decade. The pullback was most pronounced in apartments and row homes, where elevated inventory shifted leverage toward buyers. In contrast, detached and semi-detached homes held up better in neighbourhoods with tighter supply, according to data from the Calgary Real Estate Board (CREB).
Looking ahead to 2026, expectations point to continued adjustment rather than a sharp rebound, as record levels of homebuilding and a large pipeline of new completions add further supply to the market. With demand no longer outpacing listings, prices are expected to remain under modest downward pressure in the near term, keeping conditions broadly balanced and increasingly driven by location, price range, and property type rather than citywide momentum.
Calgary Housing Market Highlights
- The average selling price of a home in Calgary decreased by 3.2% year-over-year to $553,900 in December.
- The average selling price of a single-family home in Calgary decreased by 2.2% year-over-year to $664,600 in December.
- The average selling price of a townhouse/multiplex in Calgary decreased by 3.6% year-over-year to $446,500 in December.
- The average selling price of a condo in Calgary decreased by 6.6% year-over-year to $311,700 in December.
- The average rent in Calgary is now $1,875 for December.
- January 18, 2026: Today’s lowest mortgage rate in Calgary is
for a 5-year fixed.
Data from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in December was $553,900, and itdecreased of 3.2% compared to a year ago.
CREB also reported a sales-to-new-listings ratio (SNLR) of 92%, indicating Sellers market conditions in Calgary for December.
Composite Home Prices
The average selling price of a home in Calgary was $553,900 for the month of December, that’s decreased by 0.5% month over month. On a year-over-year basis, Calgary home prices have decreased 3.2% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Calgary was $664,600 for the month of December, that’s decreased by 0.5% month over month. On a year-over-year basis, single-family home prices in Calgary have decreased by 2.2% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Calgary was $446,500 for the month of December, that’s unchanged by 0% month over month. On a year-over-year basis, the price of a townhouse in Calgary has decreased by 3.6% year-over-year.
Condo Prices
The average selling price of a condo in Calgary was $311,700 for the month of December, that’s decreased by 1.5% month over month. On a year-over-year basis, the price of a condo in Calgary has decreased 6.6% year-over-year.
Transactions – Number of Sales
The number of sales in Calgary was 1,126 during December, that’s decreased by 27.4% month over month. On a year-over-year basis, sales in Calgary have decreased by 14.8% year-over-year.
New Listings
The number of new listings in Calgary was 1,219 during December, that’s decreased by 45.9% month over month. On a year-over-year basis, new listings in Calgary have decreased by 1.7% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Calgary was 92% during December, indicating a Sellers. On a monthly basis, that’s increased by 34.2% month over month. Calgary’s yearly sales-to-new-listings ratio has decreased by 13.3% year-over-year.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Calgary
Calgary Market Rents Snapshot
The average rent in Calgary was $1,875 for the month of December.
The average rent for a 1-bedroom apartment in Calgary was $1,532 for the month of December, which decreased by 4.6% year over year.
The average rent for a 2-bedroom apartment in Calgary was $1,847 for the month of December, which decreased by 4.4% year over year.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Calgary?
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Frequently Asked Questions on Calgary Housing Market Outlook for 2026
Will Calgary home prices rise in 2026?
Calgary’s housing market is expected to see steady price increases in 2026, driven by strong population growth and relatively affordable home prices.
Is Calgary a good place to buy in 2026?
Calgary remains a top destination for buyers seeking affordable housing and substantial investment opportunities, particularly in single-family homes.
Will mortgage rates improve affordability in Calgary?
Easing mortgage rates will enhance affordability, encouraging more buyers to act in 2026.
Is Calgary’s housing market stable?
Calgary’s market is stable, with increasing demand and steady price growth expected through 2026.
How affordable are homes in Calgary compared to other cities?
Calgary remains significantly more affordable than cities such as Toronto and Vancouver, making it attractive to buyers.
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