Calgary Housing Market Outlook 2026

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High-Density Segments Face Pressure in Calgary

Calgary’s housing market entered 2026 with softer overall sales, but the slowdown is concentrated in apartment and row-style homes rather than across the entire market. January activity declined year over year, yet remained consistent with typical seasonal patterns. This pattern highlights the more important development of segmentation. Calgary’s detached market is relatively stable, while higher-density segments are adjusting to rising supply.

Inventory increased to its highest January level in several years as new listings outpaced sales. However, supply conditions vary meaningfully by property type. Detached homes remain near balanced territory, while apartment-style units are operating with materially higher months of supply. This segment divergence explains why benchmark prices have declined year over year, even though month-over-month data shows signs of stabilization.

Why Are Calgary Apartment And Row Homes Under Pressure?

Calgary’s apartment and row-style properties recorded the steepest sales declines to start the year. New listings expanded quickly in these segments, pushing inventory above long-term January norms. As a result, the sales-to-new-listings ratio weakened and pricing became more competitive.

This market shift does not indicate structural weakness in Calgary’s housing market. It reflects reduced urgency among buyers who now have more options in higher-density categories. When supply grows faster than demand in Calgary’s multi-unit segment, buyers gain negotiating leverage and sellers must price more strategically.

Are Calgary Detached Home Prices Falling?

Detached home prices in Calgary have softened compared to early last year, but the decline is modest relative to apartment-style properties. Month-over-month indicators suggest pricing is stabilizing after adjustments late last year.

Supply remains tight in Calgary’s detached segment, limiting deeper price corrections. Demand continues to favour ground-oriented homes, particularly in established communities and mid-range price brackets. Most of the downward pressure on Calgary’s total residential benchmark is driven by oversupply in apartments and row/townhomes.

Is Calgary in a Buyer’s Market?

Calgary’s housing market is transitioning toward more balanced conditions, but the outlook varies by property type. Apartment-style homes clearly favour buyers due to elevated inventory and slower absorption. Detached homes are closer to balanced conditions, with less pronounced pricing pressure.

Overall, Calgary is moving out of a rapid expansion phase and into a normalization cycle. Higher inventory levels are reducing urgency and creating more negotiating flexibility without triggering broad-based distress.

What Should Calgary Buyers And Sellers Watch This Spring?

Calgary’s spring market will be critical for higher-density absorption. If condo apartment sales strengthen, pricing pressure will stabilize. If supply continues to outpace demand, sellers in multi-unit segments need to be more competitive.

Detached homes are likely to remain comparatively stable unless inventory builds meaningfully. Calgary’s housing market is not experiencing systemic decline. It is recalibrating after a period of rapid growth, with conditions varying sharply by property type.

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Calgary Housing Market Highlights

• The average selling price of a home in Calgary decreased by 3.2% year-over-year to $555,500 in January.
• The average selling price of a single-family home in Calgary decreased by 2.4% year-over-year to $667,000 in January.
• The average selling price of a townhouse/multiplex in Calgary decreased by 3.8% year-over-year to $442,200 in January.
• The average selling price of a condo in Calgary decreased by 7.2% year-over-year to $309,800 in January.
• The average rent in Calgary is now $1,871 for January.
• February 20, 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 January was $555,500, and itdecreased of 3.2% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 44%, indicating Balanced market conditions in Calgary for January.

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

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Calgary Market Rents Snapshot

The average rent in Calgary was $1,871 for the month of January.

The average rent for a 1-bedroom apartment in Calgary was $1,535 for the month of January, which decreased by 4.1% year over year.

The average rent for a 2-bedroom apartment in Calgary was $1,850 for the month of January, which decreased by 3.9% year over year.

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,958	$2,469	$3,287	−2.2%
2	Vancouver	$2,650	$2,362	$3,279	−4.8%
3	Oakville	$2,502	$2,216	$2,576	−19.3%
4	Toronto	$2,504	$2,183	$2,801	−8.6%
5	North York	$2,528	$2,127	$2,688	−1.9%
6	Burnaby	$2,505	$2,144	$2,809	−6.7%
7	Coquitlam	$2,524	$2,107	$2,765	−3.9%
8	Mississauga	$2,446	$2,043	$2,454	−8.6%
9	Etobicoke	$2,382	$2,102	$2,562	−8.3%
10	Kanata	$2,412	$2,238	$2,502	−17.3%
11	Brampton	$2,361	$1,910	$2,208	−7.2%
12	Kingston	$2,315	$1,968	$2,502	22.0%
13	Scarborough	$2,318	$1,910	$2,417	−5.6%
14	Vaughan	$2,266	$2,082	$2,499	−6.7%
15	Greater Sudbury	$2,067	$1,918	$2,167	−2.4%
16	Langley	$2,344	$2,071	$2,465	−1.8%
17	Burlington	$2,376	$2,065	$2,443	−5.0%
18	Ajax	$2,248	$1,814	$2,229	−4.5%
19	Halifax	$2,270	$2,052	$2,500	0.10%
20	Victoria	$2,224	$1,942	$2,605	−5.1%
21	Guelph	$2,159	$1,979	$2,291	−4.0%
22	Kelowna	$2,015	$1,686	$2,124	−10.8%
23	Surrey	$2,124	$1,818	$2,249	−8.5%
24	Ottawa	$2,127	$1,945	$2,458	−2.8%
25	New Westminster	$2,120	$1,872	$2,611	−7.4%
26	Waterloo	$2,230	$2,028	$2,367	−2.7%
27	Oshawa	$2,121	$1,753	$2,052	−5.4%
28	Nanaimo	$2,055	$1,820	$2,328	8.20%
29	Barrie	$2,154	$1,904	$2,184	−1.2%
30	East York	$2,302	$1,963	$2,554	−4.3%
31	Hamilton	$2,069	$1,753	$2,086	0.40%
32	Brossard	$2,066	$1,794	$2,169	1.60%
33	Cambridge	$2,057	$1,797	$2,101	−6.4%
34	Kamloops	$1,992	$1,805	$2,161	5.60%
35	Airdrie	$1,954	$1,450	$1,739	−0.9%
36	Laval	$2,098	$1,710	$2,348	11.00%
37	Kitchener	$2,013	$1,819	$2,130	−4.5%
38	Brantford	$1,979	$1,802	$2,058	0.50%
39	Niagara Falls	$1,929	$1,684	$1,899	−9.4%
40	Montreal	$1,913	$1,710	$2,216	−1.3%
41	London	$1,916	$1,650	$2,051	−4.5%
42	Gatineau	$1,885	$1,655	$2,072	−4.7%
43	Calgary	$1,871	$1,535	$1,850	−3.9%
44	Peterborough	$1,973	$1,677	$1,991	−2.3%
45	St. Catharines	$1,827	$1,608	$1,945	−1.2%
46	Welland	$1,675	$1,506	$1,823	−0.4%
47	Windsor	$1,658	$1,523	$1,839	−0.1%
48	Sarnia	$1,728	$1,508	$1,833	−3.9%
49	Winnipeg	$1,664	$1,409	$1,796	3.10%
50	Côte Saint-Luc	$1,535	$1,402	$1,787	−21.4%
51	Edmonton	$1,591	$1,279	$1,619	−2.6%
52	Saskatoon	$1,566	$1,350	$1,554	4.50%
53	Lethbridge	$1,528	$1,369	$1,570	0.70%
54	Quebec City	$1,485	$1,364	$1,646	−12.3%
55	Red Deer	$1,529	$1,219	$1,489	5.90%
56	Regina	$1,466	$1,255	$1,538	4.80%
57	Fort McMurray	$1,370	$1,167	$1,419	−1.3%
58	Medicine Hat	$1,372	$1,217	$1,395	0.10%
59	Lloydminster	$1,235	$1,025	$1,340	7.70%
60	St. John's	$1,238	$1,086	$1,250	−6.4%

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 $509.35 per month on nesto’s lowest fixed 5-year rate at and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

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%.

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

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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.

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