Real Estate Market Report | Calgary | January 2026
Supply Builds, Momentum Slows,
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So what's happening in the Calgary real estate market as of January 2026?
December conditions softened further across Calgary. New listings increased 2% versus the five year December average, while sales declined 17%. Inventory rose 40%, driving months of supply up 61%. The benchmark price registered at $553,900, with the Home Price Index at 267.1. Pricing declined 1.43% month over month, while year over year growth remained marginal at 0.34%. Market balance shifted toward buyers, with slower absorption and wider choice shaping negotiations.
Calgary's Detached Homes
Detached conditions showed mixed signals. New listings declined 1%, while sales fell 14%. Inventory increased 37%, pushing months of supply up 50%. The benchmark price reached $664,600, with a 2.47% month over month increase, though prices remain down 2.98% year over year. Short term price resilience reflects limited new supply, while annual declines highlight affordability constraints and cautious buyer behaviour.
Calgary's Apartments
Apartment supply expanded despite weaker demand. New listings rose 7%, while sales declined 17%. Inventory increased 33%, driving months of supply up 55%. The benchmark price declined to $311,700. Prices fell 6.70% month over month and 6.36% year over year. Investor pullback and affordability sensitivity continue to weigh on this segment, increasing pressure on sellers.
Calgary's Attached Homes
Attached properties experienced the sharpest supply expansion. New listings increased 2%, while sales dropped 21%. Inventory surged 53%, pushing months of supply up 83%. The benchmark price settled at $446,500. Prices declined 2.64% month over month and 0.98% year over year. Buyer leverage improved materially, with selection and negotiation flexibility dominating this segment.
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