February 2026 Calgary Market Trends

by Raj & Sukh Dhaliwal

Detached homes remain competitive while condos offer opportunities for buyers

The housing market in Calgary is continuing to evolve in 2026. While the overall market is fairly balanced, different types of homes are experiencing very different conditions.

For anyone buying a home, selling property, or investing in Calgary real estate, understanding these trends can help you make smarter decisions in today’s market.

A Quick Look at the Calgary Housing Market

Right now, Calgary’s housing market is showing a mix of opportunities for both buyers and sellers.

Here are the key trends:

Detached homes remain in strong demand, especially under $700,000
Semi-detached homes are one of the tightest markets with limited inventory
Townhomes are balanced, with steady activity from buyers
Condos and apartment-style homes have more supply, giving buyers more negotiating power

Overall, the city currently has about three months of housing supply, which is generally considered a balanced market. That means success for buyers and sellers often comes down to timing, pricing, and having the right strategy.

Detached Homes Continue to Attract Buyers

Detached homes remain one of the most desirable property types in Calgary.

The current benchmark price sits around $734,300, which is slightly higher than January but still about 3% lower than this time last year.

One important trend: homes priced under $700,000 are especially competitive because there simply aren’t enough of them available.

Market conditions can also vary depending on where you look:

West Calgary has very limited supply, which is keeping demand strong
North East Calgary has more listings available, slowing price growth in that area

For homeowners considering selling, detached homes are still attracting strong buyer interest in many neighbourhoods.

Semi-Detached Homes: A Tight Market

The semi-detached (duplex) market is currently the tightest segment in Calgary.

The benchmark price is about $682,200, with prices rising more than 2% since January and remaining relatively steady compared to last year.

Because inventory is limited, well-priced duplexes are attracting multiple buyers.

For homeowners who own a semi-detached property, this could be a strong time to explore selling options.

Townhomes Offer Balanced Conditions

Townhomes — also known as row homes — are experiencing more balanced conditions.

The benchmark price currently sits at $423,600, which is about 5% lower than last year.

Sales activity is steady, but buyers are being more selective about price and location.

Some areas, including West Calgary and the City Centre, have held their value better than others.

Townhomes continue to be a popular option for first-time buyers and real estate investors because they provide a more affordable entry point into the market.

Condo Buyers Have More Opportunity

The largest shift in the market is happening in the condo sector.

Right now, there are more condos for sale than buyers, giving buyers additional negotiating power.

The benchmark condo price is currently $298,600, which is nearly 9% lower than last year.

One major reason for this is the number of new apartment developments being built across Calgary, with nearly 18,000 units currently under construction.

While this creates challenges for some condo sellers, it also opens the door for buyers who are looking to enter the Calgary housing market at a lower price point.