If you’ve been following headlines lately, you’ve probably seen a lot of mixed messages about Calgary real estate. Some say prices are falling. Others say demand is still strong. The truth—like most things in real estate—lives in the middle.
The 2026 Calgary Real Estate Forecast from CREB® shows a market that is cooling, stabilizing, and normalizing after several intense years. This is not a crash. It’s a reset.
Let’s break down what’s happening, what it means for you, and how to make smart decisions in 2026 based on real data—not fear or hype.
2026 Forecast Report(1)
The Big Picture: Calgary Is Moving Into a Balanced Market
After years of rapid price growth driven by record migration and limited housing supply, Calgary’s market has shifted.
In simple terms:
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More homes are available
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Buyer demand is steady, not surging
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Sellers no longer hold all the cards
CREB® expects balanced-to-buyer-friendly conditions to persist through 2026, depending on property type. That means pricing is stabilizing, negotiation power is returning, and decisions matter more than momentum.
What’s Driving the Shift?
1. Migration Has Slowed
Calgary saw massive population growth between 2022 and 2024. That wave has eased.
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Fewer international and interprovincial movers
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Slower job growth compared to last year
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Demand returning to long-term averages
This doesn’t mean people are leaving Calgary—it means growth is becoming more sustainable.
2. Supply Has Finally Caught Up
This is the biggest change in the market.
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Record levels of new home construction, especially apartments and rentals
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Over 26,000 units currently under construction
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Higher resale inventory across most property types
More choice for buyers = less upward pressure on prices.
What This Means by Property Type
? Apartments & Condos: Most Pressure
Apartments are seeing the biggest adjustment.
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Sales are down
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Inventory is high
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Prices are expected to decline again in 2026 (roughly 3–4%)
Who this benefits:
Buyers and investors looking for value, especially in well-located buildings.
?️ Row Homes & Townhouses: Still Soft
Row homes are also feeling supply pressure, though less extreme than condos.
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Prices expected to edge down slightly again
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New construction is creating competition for resale units
Strategy matters here—pricing and presentation are critical for sellers.
? Semi-Detached Homes: Stable & Balanced
This segment is holding up well.
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Limited supply compared to other housing types
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Prices expected to remain relatively flat with minor growth
This is one of the more predictable segments heading into 2026.
? Detached Homes: Steady, Not Surging
Detached homes are no longer in a frenzy—but they aren’t falling apart either.
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Sales expected to stay near long-term averages
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Prices forecast to be essentially flat (around 0–1% change)
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Strong variation by location and price range
Well-priced, well-located detached homes will still sell—but overpricing will get noticed fast.
What About Interest Rates?
Good news here.
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Inflation is back near target levels
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The Bank of Canada is expected to hold rates steady through 2026
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No major rate spikes are anticipated
That stability gives buyers and sellers something they haven’t had in years: certainty.
So… Is 2026 a Good Time to Buy or Sell?
If You’re Buying:
✔ More choice
✔ Less competition
✔ Stronger negotiating power
This is one of the healthiest buying environments Calgary has seen in years—especially compared to the frenzy of 2022–2023.
If You’re Selling:
✔ Still solid prices overall
✔ But strategy matters more than ever
Homes that are priced correctly and marketed properly will sell. Those chasing yesterday’s peak prices will sit.
The Bottom Line
The 2026 Calgary real estate market is not booming and not busting. It’s becoming rational.
That’s good news.
Balanced markets reward smart decisions, not emotional ones. Whether you’re buying, selling, or just watching the market, understanding these shifts gives you an edge—and that’s exactly where good real estate advice makes the difference.
If you want to talk about how these trends apply to your neighbourhood, your price range, or your plans, that’s where the real insights begin.