Calgary Real Estate Blog

Calgary Housing Market Update – April 2026

Balanced market overall, with condos still favouring buyers

Calgary’s housing market continued its seasonal spring momentum in April, with both sales and inventory rising compared to March. While overall conditions remain relatively balanced, the story continues to differ depending on property type.

April recorded 2,104 sales, down six per cent from last year, as the market continues to normalize following a period of strong migration-driven demand. Increased supply across all property types is giving buyers more choice and reducing urgency, shifting the market away from seller-heavy conditions.

Inventory climbed to 5,973 units, with just under three months of supply across the city — a level considered balanced. However, this ranges from tighter conditions in detached homes to more buyer-friendly conditions in apartment-style units.

The benchmark price rose to $568,800, up from March due to typical seasonal trends, but still about three per cent lower than last year. Price performance continues to vary significantly across property types.

Key Trends by Property Type

Detached Homes
Detached homes remain the tightest segment of the market, with just over two months of supply. Inventory is still below long-term trends, helping support prices. The benchmark price rose to $745,400, with year-over-year declines easing. Some districts — including the North West, West and South — are still experiencing seller’s market conditions, while the North East remains more balanced or buyer-leaning.

Semi-Detached Homes
Semi-detached properties are holding steady in balanced conditions. The benchmark price reached $690,000, with recent gains bringing prices close to last year’s levels. Most districts are seeing price growth, though areas with higher supply are experiencing softer conditions.

Row Homes
Row homes remain relatively balanced overall, with nearly three months of supply, though inventory has increased compared to last year. Prices are stable month-over-month but show variation by district. The North East continues to see the most downward pressure, while the West has seen minimal declines.

Apartment Condominiums
Apartment-style homes continue to favour buyers, with inventory rising to 1,920 units — well above long-term trends. With over four months of supply, pricing remains under pressure. The benchmark price rose slightly to $301,400, but is still nearly nine per cent lower than last year. Declines are most notable in the North East, East, North and South East districts.

Surrounding Communities

• Airdrie: Balanced conditions with benchmark prices at $516,700, still over five per cent below last year.
• Cochrane: Tightening conditions with price growth to $569,200, though still down year-over-year.
• Okotoks: Remains relatively tight with benchmark prices at $627,600, now in line with last year.

What This Means to You

If You’re Buying

• Detached homes: Limited supply in key areas means competition can still be strong.
• Row homes: Balanced conditions offer flexibility and more negotiating room.
• Apartments: Buyers have the most leverage here, with more choice and softer pricing.
• Overall, improved inventory means more options than earlier in the year.

If You’re Selling

• Detached homes: Still the strongest position, especially in high-demand districts.
• Semi-detached and row homes: Balanced conditions mean pricing and presentation are key.
• Apartments: Expect more competition — pricing strategically is critical to stand out.

If You’re Investing

• Apartment and condo segments may offer opportunities due to price adjustments and higher supply.
• Detached homes remain a more stable segment but may come with higher entry costs.
• Market segmentation means careful property and location selection is essential for returns.

Overall, Calgary’s market is stabilizing in 2026 — but success depends on understanding how your specific property type fits into today’s conditions.

Source: CREB April Housing Market Report

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