March 2026 Calgary Real Estate Market Trends

by Raj & Suh Dhaliwal

Calgary’s Housing Market Is Shifting—Here’s Where the Opportunities Are in 2026

If you’ve been trying to figure out what’s happening in the Calgary real estate market lately, you’re not alone.

At first glance, things might seem steady—but once you look closer, it’s clear the market has changed.

We’re no longer dealing with one single market.

Instead, Calgary has become a split market, where the experience varies widely depending on the type of home you’re buying or selling.

The Big Picture: More Choice, Less Pressure (In Some Areas)

As we move into the spring market, more homes are coming up for sale. At the same time, overall sales are down about 13% compared to last year.

That means buyers now have more options—but not across the board.

The average home price sits around $565,600
Prices are slightly up from last month
But still down over 4% compared to last year

The key takeaway:
The market is becoming more balanced—but not evenly.

Detached Homes: Still Competitive

If you’re looking at detached homes, not much has changed.

Supply is still tight, with only about 2 months of inventory in many parts of the city. That lack of options is keeping competition alive and supporting prices.

Benchmark price: ~$741,300
Strong demand in areas like NW, SW, SE, and West Calgary

What this means:
Buyers should be prepared to act quickly, while sellers are still in a strong position—especially if priced correctly.

Semi-Detached Homes: A Balanced Middle Ground

The semi-detached market is one of the most stable right now.

Sales, inventory, and pricing are all sitting close to long-term averages.

Benchmark price: ~$686,100
Prices are holding relatively steady

What this means:
This is a good “in-between” option—less competitive than detached homes, but more stable than condos.

Townhomes: More Choice, More Flexibility

Townhomes are starting to shift toward a more buyer-friendly market.

Inventory has increased significantly, giving buyers more options and reducing competition.

Inventory is about 25% higher than normal
Benchmark price: ~$423,900 (down ~6% year-over-year)

What this means:
Buyers have more negotiating power, especially in certain areas like Northeast Calgary.

Condos: Where Buyers Have the Advantage

The biggest shift in the market is happening in the condo segment.

There are more units for sale than we’ve seen in years—nearly at record levels.

Nearly 5 months of inventory
Benchmark price: ~$300,300 (down over 9% year-over-year)

What this means:
This is currently the most buyer-friendly part of the market, offering more choice, less competition, and better pricing opportunities.

Why Is the Market Changing?

A few key factors are driving this shift:

A surge in condo and apartment construction
Fewer detached homes being built
Slower population growth compared to previous years

The result:
A market where supply and demand are out of sync, depending on the property type.

What’s Happening Outside Calgary?

The surrounding areas are also seeing shifts toward more balanced conditions.

Airdrie

About 3 months of supply
Prices around $512,800 (down ~5% year-over-year)
More listings are helping stabilize the market

Cochrane

Inventory is rising, giving buyers more flexibility
Prices around $561,200 (down ~4% year-over-year)

Okotoks

Still relatively tight with just over 2 months of supply
Prices around $618,100
Showing some stability compared to earlier in the year

What This Means for You

Whether you’re buying, selling, or investing, your strategy matters more than ever in this market.

Buyers:
You have more options and less pressure—especially in condos and townhomes. This is a great time to explore opportunities without rushing.

Sellers:
The market has become more strategic. Pricing and presentation are key to standing out and getting strong results.

Investors:
With softer pricing and higher inventory in some segments, new opportunities are starting to emerge.