Executive summary.
City of Calgary at a glance
March 2026 brought the spring market into focus – and what it revealed was a Calgary market that is anything but uniform. Supply conditions, buyer demand and price momentum differ sharply depending on which segment you’re tracking. If you own a detached home in the West or City Centre district, conditions are markedly tighter than the headline numbers suggest. If you own a condominium, the picture has shifted materially in favour of buyers over the past 12 months.
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The spring market is underway and the forces shaping it are more complex than in recent years.
Spencer Rivers
Synterra Realty
CREB Chief Economist Ann-Marie Lurie summarized the tension well, noting that when you look beneath the surface, “the market ranges from tighter conditions for detached homes to the apartment sector, where conditions tend to favour the buyer.” That divergence is the central story of March 2026 – and it has direct implications for pricing strategy, timing and negotiation leverage depending on what you own and what you’re looking to buy.
Calgary market activity indicators.
Market overview: spring arrivals and structural shifts.
Calgary recorded 1,881 residential sales in March 2026 – up from February’s pace as the spring market got underway, but still 13% below the same month last year and below long-term seasonal norms. New listings came in at 3,409, also down 15.2% year-over-year, meaning the decline in supply and demand are broadly tracking each other rather than indicating a one-sided market collapse.
Total inventory of 5,395 active listings sits about 5% above last year. Months of supply widened to 2.87, up 20% from March 2025’s 2.39 – still technically a seller’s market on aggregate, but the trend line is moving in the wrong direction for sellers. The sale-to-list price ratio dipped to 98.2% (from 99.1%) and days on market extended to 35 days from 29 – both signals that buyers are gaining incrementally more time and leverage across the board.
The unadjusted benchmark price settled at $565,600, down 4.2% year-over-year but up nearly 1% from February – evidence that the spring market is generating some momentum even as annual comparisons remain negative. The story behind the headline is the divergence: detached benchmark prices declined 3.3%, while apartment benchmarks fell 9.3%.
Real estate sales in Calgary for March 2025 and 2026.
Months of supply by property type in Calgary.
Calgary benchmark price performance by property type.
District | SALES | Y/Y | INVENTORY | MO. SUPPLY | BENCHMARK | Y/Y PRICE |
|---|---|---|---|---|---|---|
| Detached | 982 | -5.0% | 2,181 | 2.22 | CA$ 741,300 | -3.3% |
| Semi-Detached | 193 | +4.9% | 480 | 2.49 | CA$ 686,100 | -0.9% |
| Row | 322 | -19.3% | 960 | 2.98 | CA$ 423,900 | -6.2% |
| Apartment | 384 | -28.8% | 1,774 | 4.62 | CA$ 300,300 | -9.3% |
| Total Residential | 1,881 | -12.8% | 5,395 | 2.87 | CA$ 565,600 | -4.2% |
District | TOTAL RES. BENCHMARK | Y/Y CHANGE | DETACHED BENCHMARK | DETACHED BENCHMARK | DETACHED MO. SUPPLY |
|---|---|---|---|---|---|
| West | CA$ 719,500 | -0.2% | CA$ 997,400 | +0.7% | 1.56 |
| City Centre | CA$ 564,200 | -3.9% | CA$ 964,700 | -1.9% | 2.85 |
| North West | CA$ 622,600 | -3.8% | CA$ 780,000 | -3.2% | 1.81 |
| South East | CA$ 550,400 | -5.7% | CA$ 696,500 | -4.8% | 1.71 |
| South | CA$ 574,500 | -2.6% | CA$ 714,000 | -3.4% | 1.77 |
| North | CA$ 524,700 | -7.5% | CA$ 646,800 | -6.9% | 2.82 |
| East | CA$ 410,200 | -5.1% | CA$ 504,500 | -3.2% | 1.82 |
| North East | CA$ 473,800 | -8.2% | CA$ 574,800 | -7.1% | 4.06 |
| City of Calgary | CA$ 565,600 | -4.2% | CA$ 741,300 | -3.3% | 2.22 |
Market outlook: spring 2026 implications.
The spring market is underway and the forces shaping it are more complex than in recent years. On one side: lower borrowing costs, a large pool of renters considering ownership and constrained detached supply in desirable neighbourhoods. On the other: elevated apartment inventory, continued migration moderation compared to the 2022–2023 surge and buyers who have more time and more choice than they did 18 months ago.
For the detached market in Calgary’s southwest – Springbank Hill, Aspen Woods, Upper Mount Royal, Elbow Park, Britannia and Bel-Aire – supply is structurally limited and spring traditionally produces the year’s strongest buyer pool. Sellers who price accurately relative to recent comparable sales have the best opportunity to achieve strong results before summer softening. Overpriced listings in any market are costly; in a market where the sale-to-list ratio has slipped to 98.2%, sellers absorbing price reductions on stale listings face a compounding discount.
And a key signal for luxury sellers: the West district’s detached months of supply of 1.56 is the tightest in the city. Buyers have fewer than two months of inventory to choose from in Springbank Hill and Aspen Woods – a meaningful constraint that supports pricing discipline in the $1 million–$2 million range. Spring is the time to act.
Strategic recommendations.
Detached sellers in the West, South and City Centre districts should approach spring with measured confidence. Inventory remains tight, buyer pools are seasonal-peak and comparable data still supports meaningful prices. The key discipline is calibrating list price to recent sales data rather than the peak prices of 2024 – buyers are informed and overpricing generates days-on-market accumulation that carries a real cost. A well-prepared, accurately priced detached home in a premium Calgary neighbourhood will attract qualified buyers in this window.
Apartment condo sellers face a more competitive environment. With 4.62 months of supply citywide and inventory near historical highs, your competition is substantial. Differentiating through presentation, strategic pricing and proactive marketing – including reaching relocating buyers who may not yet be in the market – matters more than ever.
Apartment buyers face reality regarding current market conditions. Apartments requiring sales should price 5–8% below recent comparables to generate interest, expect extended marketing periods (60–90 days) and prepare for negotiations. Sellers without urgency should consider deferring until Q3-Q4 2026.
Detached buyers should act with more urgency, particularly in the West and South districts. With under 2 months of supply in key communities and competing buyers re-entering the market this spring, well-priced detached homes are still moving. Getting pre-approved, knowing your target communities and being ready to move decisively will matter in this segment.
Frequently asked questions.
Is Calgary’s real estate market declining in 2026?
It depends on the segment. Calgary’s detached market remains in seller-favoured conditions with 2.22 months of supply and prices down a modest 3.3% year-over-year as of March 2026. The apartment condo market is a different story – benchmark prices have fallen 9.3% and supply has risen to 4.62 months, putting buyers firmly in control of that segment. The headline numbers mask significant divergence by property type and district.
What is the average house price in Calgary in March 2026?
The CREB® benchmark price for detached homes in Calgary was $741,300 in March 2026, down 3.3% from $766,600 in March 2025. The average sale price was $808,924 for detached homes. The total residential benchmark across all property types was $565,600. Prices vary significantly by district, from $504,500 (East) to $997,400 (West) for detached product.
How long are homes taking to sell in Calgary right now?
As of March 2026, the average days on market for all residential property in Calgary was 35 days, up from 29 days in March 2025. Detached homes in tight supply districts like the West and South typically sell faster. Apartment condominiums are taking the longest at 45 days on average – reflecting the higher inventory levels in that segment.
