Calgary Housing Market Outlook 2026

On this page

Two Markets, One City: Calgary’s Detached Homes Tighten While Apartments Struggle

According to the Calgary Real Estate Board (CREB), Calgary is essentially operating two housing markets at once in March 2026. Detached homes are back in seller-friendly territory with tight supply and rising month-over-month prices. Apartments, on the other hand, are sitting on inventory levels that haven’t been this elevated since the last financial crisis.

• Detached homes benchmarked at $741,300 (−3% year-over-year, but +1% month-over-month). Row homes sat at $423,900 (−6%). Apartments fell to $300,300, a 9% annual decline. That’s the steepest segment-level drop in any major market we track.
• Detached homes carry just over 2 months of supply with a 61% sales-to-new-listings ratio, solidly in seller’s territory. Apartments? Five months of supply, with 1,774 active units, approaching levels not seen since 2008. In Calgary’s northeast, apartment months of supply exceeded 11.
• Calgary saw record housing starts in 2025, surpassing both Toronto and Vancouver. There are roughly 22,366 units under construction right now, and 71% of them are apartments. That incoming supply will take years to absorb.

In a market this segmented, the right mortgage strategy depends entirely on what you’re buying. Contact nesto’s mortgage experts to explore the best variable or fixed option for your specific property type and neighbourhood.

---

Calgary Housing Market Highlights

• The average selling price of a home in Calgary decreased by 3% year-over-year to $566,200 in March.
• The average selling price of a single-family home in Calgary decreased by 2.6% year-over-year to $680,900 in March.
• The average selling price of a townhouse/multiplex in Calgary decreased by 3.8% year-over-year to $447,200 in March.
• The average selling price of a condo in Calgary decreased by 8.2% year-over-year to $309,700 in March.
• The average rent in Calgary is now $1,869 for March.
• April 17, 2026: Today’s lowest mortgage rate in Calgary is 4.04% 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 March was $566,200, and itdecreased of 3% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 55%, indicating Balanced market conditions in Calgary for March.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

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 $1,869 for the month of March.

The average rent for a 1-bedroom apartment in Calgary was $1,532 for the month of March, which decreased by 3.5% year over year.

The average rent for a 2-bedroom apartment in Calgary was $1,848 for the month of March, which decreased by 4.2% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,971	$2,462	$3,358	−3.3%
2	Vancouver	$2,715	$2,400	$3,355	−2.2%
3	Burnaby	$2,494	$2,115	$2,750	−9.1%
4	North York	$2,488	$2,112	$2,674	−1.3%
5	Coquitlam	$2,478	$2,116	$2,752	−6.1%
6	Etobicoke	$2,476	$2,128	$2,662	−3.4%
7	Toronto	$2,474	$2,188	$2,838	−3.1%
8	Oakville	$2,454	$2,167	$2,557	−16.9%
9	Kanata	$2,396	$2,238	$2,540	−12.7%
10	Mississauga	$2,360	$2,071	$2,453	−5.8%
11	Burlington	$2,346	$2,061	$2,434	−4.5%
12	Langley	$2,303	$1,974	$2,443	−2.2%
13	Vaughan	$2,290	$2,067	$2,592	−0.2%
14	Kingston	$2,286	$1,925	$2,430	19.6%
15	Scarborough	$2,281	$1,884	$2,378	−5.7%
16	Victoria	$2,255	$1,975	$2,584	−4.3%
17	East York	$2,245	$1,866	$2,536	−4.7%
18	Brampton	$2,239	$1,942	$2,304	1.3%
19	Halifax	$2,235	$2,026	$2,563	0.2%
20	Waterloo	$2,229	$2,066	$2,300	−6.1%
21	Guelph	$2,189	$1,924	$2,248	−8.4%
22	Hamilton	$2,170	$1,853	$2,396	14.3%
23	Ajax	$2,149	$1,909	$2,184	1.2%
24	Ottawa	$2,145	$1,955	$2,457	−4.7%
25	Barrie	$2,140	$1,936	$2,214	−1.4%
26	New Westminster	$2,137	$1,888	$2,718	−1.6%
27	Laval	$2,106	$1,715	$2,367	11.7%
28	Nanaimo	$2,105	$1,843	$2,299	5.1%
29	Surrey	$2,094	$1,818	$2,206	−8.2%
30	Kamloops	$2,078	$1,790	$2,148	1.6%
31	Greater Sudbury	$2,059	$1,886	$2,119	−10.5%
32	Kelowna	$2,056	$1,743	$2,217	−4.6%
33	Cambridge	$2,049	$1,834	$2,089	−4.4%
34	Kitchener	$1,989	$1,775	$2,134	−3.8%
35	Oshawa	$1,985	$1,719	$2,048	−3.8%
36	Brantford	$1,985	$1,794	$2,153	5.6%
37	Peterborough	$1,972	$1,725	$1,994	−1.1%
38	Airdrie	$1,958	$1,475	$1,748	−2.8%
39	Brossard	$1,948	$1,787	$2,010	−13.4%
40	Montreal	$1,938	$1,737	$2,285	2.2%
41	London	$1,911	$1,663	$2,055	−5.7%
42	Niagara Falls	$1,907	$1,690	$2,024	−2.7%
43	Calgary	$1,869	$1,532	$1,848	−4.2%
44	St. Catharines	$1,841	$1,636	$1,929	−1.0%
45	Welland	$1,792	$1,540	$1,973	8.9%
46	Gatineau	$1,732	$1,541	$1,843	−12.2%
47	Sarnia	$1,710	$1,508	$1,793	−4.1%
48	Winnipeg	$1,669	$1,445	$1,786	3.5%
49	Windsor	$1,622	$1,494	$1,784	−7.2%
50	Côte Saint-Luc	$1,605	$1,413	$1,840	−19.6%
51	Red Deer	$1,600	$1,362	$1,565	0.4%
52	Edmonton	$1,589	$1,288	$1,634	−1.3%
53	Saskatoon	$1,532	$1,347	$1,580	4.3%
54	Lethbridge	$1,483	$1,356	$1,558	−0.7%
55	Regina	$1,439	$1,285	$1,530	3.0%
56	Quebec City	$1,420	$1,290	$1,555	−11.6%
57	Medicine Hat	$1,387	$1,225	$1,406	0.8%
58	Fort McMurray	$1,362	$1,181	$1,404	0.5%
59	Lloydminster	$1,194	$1,069	$1,279	2.3%
60	St. John's	$1,143	$1,079	$1,253	5.5%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Calgary?

Each $100,000 in mortgage balance costs an average of $528.19 per month on nesto’s lowest fixed 5-year rate at 4.04% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

---

Frequently Asked Questions (FAQ) About the Calgary Housing Market Outlook for 2026

---

Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

---