Calgary Real Estate Market Update – March 2026

Calgary’s housing market continued to shift in March, with trends varying significantly by property type. Overall conditions appear relatively balanced heading into the spring market, but a closer look reveals meaningful differences between detached homes and apartment-style properties.

Sales activity increased compared to February but remained 13% lower than the same time last year, reflecting changing demand patterns and increased inventory in some segments.

Inventory levels are rising overall, particularly for row homes and apartment-style condos, while detached homes remain in tighter supply due in part to fewer housing starts last year.

The citywide benchmark price reached $565,600, up slightly month-over-month but still down more than 4% compared to last year.

Key Trends by Property Type

Detached Homes

Detached homes continue to experience the tightest market conditions. Limited supply in many districts is supporting price stability and modest gains, even as sales activity slows slightly compared to long-term averages. The March benchmark price for detached homes was $741,300.

Semi-Detached Homes

Semi-detached properties are showing balanced market conditions, with sales improving compared to last year. Prices remain relatively stable, sitting just slightly below last year’s levels at $686,100.

Row Homes

Row homes are seeing slower sales activity and higher inventory levels, creating more balanced — and in some areas buyer-favouring — conditions. The benchmark price in March was $423,900, down over 6% year-over-year.

Apartment Condominiums

Apartment-style units continue to experience the most supply growth, with inventory levels approaching historic highs. Increased supply and slower sales are placing downward pressure on prices, which averaged $300,300 in March — over 9% lower than last year.

Regional Highlights

Surrounding communities such as Airdrie, Cochrane, and Okotoks are showing more balanced conditions as inventory levels improve. Prices in these markets have stabilized in recent months but remain slightly below last year’s levels.

What This Means to You

Buyers

If you are considering purchasing a home, current market conditions present opportunities — especially in the condo and row home segments where inventory levels are higher and prices have softened. More choice and reduced competition can provide negotiating leverage and the ability to find properties that better match your needs.

Buyers interested in detached homes may still encounter tighter supply in certain areas, which can lead to competitive situations and firmer pricing.

Sellers

Detached home sellers continue to benefit from relatively tight market conditions in many districts, helping support price stability. Proper pricing and strong marketing remain essential, as buyers have more options overall compared to previous years.

Sellers of condos or row homes should be prepared for increased competition due to higher inventory levels. Strategic pricing and strong presentation will be key to attracting buyers.

Investors

The shift in condo pricing and increased supply may create potential entry opportunities for investors seeking rental properties or long-term appreciation potential.

Detached homes remain relatively stable assets, while balanced conditions across several property types suggest a more normalized market compared to the extreme highs and lows of recent years.

If you’re thinking about buying or selling, having a strategy tailored to your segment of the market is more important than ever.

Reeves & Associates eXp Realty

587.200.2728

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