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Calgary Real Estate Market – February 2026

Real Estate Market Report | Calgary | February 2026

Supply Surges While Prices Hold Steady

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So what's happening in the Calgary real estate market as of February 2026?

January data shows a clear shift toward balanced conditions. New listings are 15 percent above the five year January average, while sales sit 18 percent below. Inventory has risen 44 percent, pushing months of supply up 66 percent. Despite this supply expansion, pricing remains firm. The overall benchmark price is $555,500, up 1.83 percent month over month and 2.19 percent year over year. Buyers now have more choice, while sellers must price strategically to maintain momentum in a less competitive environment.

Calgary's Detached Homes

Detached inventory continues to build, though pricing remains stable. New listings are 11 percent above the five year January average, while sales are down 13 percent. Inventory has climbed 41 percent, increasing months of supply by 49 percent. The benchmark price is $667,000, up 0.83 percent month over month and 0.12 percent year over year. Detached homes are holding value, but the growing supply base suggests less urgency among buyers compared to recent peak demand conditions.

Calgary's Apartments

Apartment conditions have softened more noticeably. New listings are 14 percent above the five year January average, while sales are down 24 percent. Inventory has increased 37 percent, and months of supply has risen 69 percent. The benchmark price is $309,800, down 1.12 percent month over month and 5.92 percent year over year. Increased supply and slower absorption have placed downward pressure on pricing, particularly within investor driven and entry level segments of the market.

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.

It’s critical to understand the dynamics in your local property market

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