RE/MAX Complete Realty

Real Estate
NEWSLETTER

Peter Kusch

Tel.: 403-990-7990 

 March 2026

DETACHED  HOMES MARKET TIGHTENS

Calgary’s housing market continued to vary by property type in February. Detached and semi-detached homes remained the tightest segments, each under three months of supply, while row homes were balanced. Apartment-style properties continued to favour buyers due to rising supply. Record apartment construction — nearly 18,000 units underway — combined with slower migration, is increasing pressure on the condo market. Citywide conditions remained balanced at three months of supply and a 55% sales-to-new-listings ratio. Inventory reached 4,822 units, while sales totalled 1,526, down 11% year over year. The total residential benchmark price rose 1% from January to $560,500, but remains 4% below last year.

Detached

The detached sector remained balanced in February with nearly three months of supply. While the benchmark price of $734,300 is 3% lower than last year, it rose 1% from January. Market conditions vary significantly by district; the West remains the tightest with under two months of supply, while the North East struggles with excess inventory.

Semi-Detached

The market is currently the tightest segment with only 2.4 months of supply. This high demand pushed the benchmark price to $682,200, a 2% monthly increase that brings prices back in line with last year. Gains in the City Centre and West districts are currently offsetting declines in most other areas of the city.

Row

Row housing saw a sales rebound in February, helping reduce supply to just over three months. The benchmark price rose to $423,600, following typical seasonal trends. However, prices remain 5% lower than last year, with the North East and East districts seeing the sharpest annual declines of over 10%.

Apartment

The apartment sector continues to face oversupply, with inventory levels keeping supply well over four months. This persistent surplus pushed the benchmark price down to $298,600, nearly 1% lower than January and 9% below last year. The North East is particularly constrained, with over 11 months of supply, which is weighing heavily on prices across all districts.



 The average number of days on the market (Calgary Metro)



Average days on the market in 

February 2026

Average days on the market in 

February 2025


Detached  


3528


Apartment


5442


Semi-detached


4532


Row


4431


Median price (Calgary Metro)



Median price in  

February 2026

Median price in

February 2025

Percentage change


Detached


$687,750

$720,000

-4%


Apartment


$303,500

$330,000

-8%


Semi-detached


$585,000

$640,000

-9%


Row



$465,000


$443,250


-4%


The median price is where half sell for more and half for less.



Months of supply (Calgary Metro)

January 20232.04
February 20231.58
March 20231.33
April 20231.20
May 20231.03
June 20231.10
July 20231.32
August 20231.19
September 20231.38
October 20231.47
November 20231.67
December 20231.34
January 20241.30
February 20241.10
March 20240.95
April 20240.94
May 20241.10
June 20241.38
July 20241.75
August 20242.05
September 20242.53
October 20242.28
November 20242.42
December 20242.26
January 20252.51
February 20252.41
March 20252.39
April 20252.62
May 20252.62
June 20253.04
July 20253.30
August 20253.35
September 20254.02
October 20253.43
November 20253.59
December3.43
January 20263.56
February 20263.16


Source: Calgary Real Estate Board
Calgary Metro-within Calgary City Limits

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.