Calgary Real Estate Market Report - February 2026

March is here, and with it comes the start of Calgary’s spring real estate season. February brought a noticeable increase in new listings, particularly in the apartment-style condo market, where thousands of new units came to market. With more options available, that segment is beginning to favour buyers.
Detached and semi-detached homes, however, remain closer to balanced conditions, with roughly three months of supply. Well-priced homes in desirable areas are still seeing strong interest.
Spring is traditionally one of the busiest times of the year for real estate, so it will be interesting to see how the market unfolds as more buyers and sellers jump in over the coming weeks.
One quick reminder for sellers: listing photos matter. For most buyers, the first showing happens online while browsing MLS listings. Clean, well-staged spaces and professional photography can make a significant difference in attracting showings and generating interest.
Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer.
“Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.”










