Calgary Real Estate Market Update: February 2026
BENCHMARK PRICES ARE UP for Detached, Semi-Detached, and Townhomes in Calgary from January to February 2026! This is the first time we' have seen a price increase in over a year and a welcomed change! While this is only one month, this makes me optimistic that we are reaching the bottom in the Calgary market. Overall Calgary’s real estate market continues to be in balanced market territory with just the condo segment continuing to lag.
Total residential sales in February saw an 11.2% YoY decline, with 1,526 units changing hands. While a double-digit drop in sales might sound alarming, it’s important to contextualize this: the market is still coming off record highs and is now settling into a pace more aligned with long-term seasonal norms.
The big story for investors is inventory. Total housing inventory grew to 4,822 units, a 16.3% increase compared to last February. This surge in supply which is being driven largely by record-high housing completions from 2025, is giving buyers the options they’ve lacked for years.
Pricing Trends by Property Type
The city’s total residential benchmark price fell 4.4% YoY year to $560,500. However, there is a real divergence between property types:
Detached Homes: This remains the most resilient segment. Prices dipped a modest 3.2% YoY, but supply remains tight for homes priced under $700,000.
Townhomes/Row Houses: Prices fell 5% but this segment is proving to be a "middle-ground" of stability as buyers look for alternatives to more expensive detached homes.
Condos: Apartment-style condos saw price decreases of 9.3% and high supply has pushed the market into buyer’s territory.
The Investor Takeaway: Why This Matters
More Competition: With 3.6 months of supply overall (and over 5 months in the condo sector), buyers have the power to negotiate on price and include standard conditions. If you are selling a condo, you need to be priced for today’s market, not 2025.
Rental Competition: A significant portion of the new supply entering the market is purpose-built rental. This is slowing rent growth and increasing vacancy rates slightly. 2026 is going to be another year of record housing supply deliveries but this will drop into 2027, returning to more historic levels.
The "Spring" Reset: We are seeing a typical seasonal surge in new listings. While demand has cooled due to easing migration and higher interest rate fatigue, Calgary’s economy remains fundamentally stronger and more affordable than Toronto or Vancouver.
Calgary is no longer the "wild west" market where any property sells in 24 hours. The transition to 4.6 months of supply in the condo sector and a 55% sales-to-new-listings ratio for townhomes signals a return to a healthy, predictable market. For the disciplined investor, this is actually better news than a runaway boom because it means you can buy on fundamentals - the "Calgary Discount" still exists, but the window to negotiate on your terms is the widest it has been in years.
Stay informed, stay patient, and get in touch if you need help selling a property or if want to explore the opportunities - there are NO BRAINER deals out there right now if you know where to look.
Considering An Investment?
The opportunity in in Calgary today is found in the units that buyer’s have failed to close on, and the developer is now liquidating below resale market values. I have 2 bedroom units from the mid-$200s that cash flow and are irresistible with a long-term outlook!
DETAIL BY PROPERTY TYPE
(Statistics from the Calgary Real Estate Board)
Condos
Sales: 345 (-27.1% from Feb 2025)
New Listings: 753 (-11.6%)
Inventory: 1,580 (+7.8%)
Months of Supply: 4.6 (balanced market)
Days on Market: 54 (up from 42 days)
Benchmark Price: $298,600 (-10.7%)
Townhouses/Row Houses
Sales: 270 (-15.1% from Feb 2025)
New Listings: 491 (+3.8%)
Inventory: 887 (+35.4%)
Months of Supply: 3.3 (balanced market)
Days on Market: 44 (up from 31 days)
Benchmark Price: $423,600 (-5.2%)
Detached Houses
Sales: 736 (-3.8% from Feb 2025)
New Listings: 1269 (-1.2%)
Inventory: 1,941 (+14.3%)
Months of Supply: 2.6 (seller’s market)
Days on Market: 35 (up from 28 days)
Benchmark Price: $734,300(-3.4% but +1.4% MoM!)
Book A Call to Review Investment Options
I’m here to help you analyze the market and make decisions that fit your investment goals, get in touch today!
Calgary offers some of the most affordable investment opportunities in Canada with some of the highest rents per dollar invested!
(and properties that actually cash flow!)