Calgary Housing Market Update – January 2026
Posted by Erin Reeves on
Calgary Housing Market Update – January 2026
A Cautious Start to the Year
January opened with typical seasonal conditions across Calgary’s housing market, as both buyers and sellers took a measured approach ahead of the spring market. While overall sales declined year-over-year, activity levels remained in line with long-term January norms, and the market continues to reflect the broader shift toward balance that began in the second half of 2025.
Calgary recorded 1,234 sales in January, down 15% from last year, with the steepest declines seen in higher-density housing. At the same time, sellers were quicker to list, pushing the sales-to-new-listings ratio down to 44% and lifting inventory to 4,391 units, the highest January level since 2020.
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