Calgary and Area Real Estate Report, April, 2026
Executive Summary
As Calgary’s housing market moves into April 2026, the most recent data released by the Calgary Real Estate Board for March 2026 indicates that market conditions continue to vary notably by property type. Overall activity remains below last year’s levels, but the market is showing signs of seasonal spring momentum. Inventory rose on a monthly basis, giving buyers more choice, while benchmark prices remained comparatively stable in lower density segments and softer in apartment style properties.
Detached and semi detached homes continue to reflect tighter conditions than other categories, with months of supply at 2.22 and 2.49 respectively in March. Row housing is operating in more balanced territory at 2.98 months of supply, while apartment style homes remain the loosest segment at 4.62 months of supply, with higher inventory and weaker price performance continuing to weigh on that category.
City of Calgary Highlights
Sales, Listings and Inventory
Total residential sales in Calgary reached 1,881 units in March 2026, down 13 percent from March 2025. New listings totalled 3,409 units, while active inventory rose to 5,395 homes, up 5 percent year over year. The sales to new listings ratio came in at 55 percent, and months of supply reached 2.87 months, confirming that the overall market remains relatively balanced as Calgary enters the spring market.
CREB noted that supply conditions in March differed significantly by property type. Inventory remained above long term averages for row and apartment style homes, while detached inventory stayed below historical norms. This pattern is contributing to more buyer friendly conditions in higher density product, even as detached homes continue to experience more limited supply in certain city districts.
Benchmark Prices by Segment
The unadjusted benchmark price for total residential properties in Calgary was $565,600 in March 2026. This was up by nearly one percent compared with February, but down 4.2 percent from March 2025.
Price trends continued to vary across property types. The detached benchmark price reached $741,300, down 3 percent year over year. Semi detached homes posted a benchmark price of $686,100, down just under 1 percent from last year. Row housing recorded a benchmark price of $423,900, representing a 6 percent annual decline. Apartment benchmark prices fell to $300,300, down 9 percent from March 2025.
Detached and semi detached properties continue to display stronger price resilience, supported by tighter supply conditions. In contrast, higher inventories in row and especially apartment segments are continuing to place downward pressure on prices, with CREB specifically noting that apartment prices have continued to ease following recent gains during tighter market periods.
Regional Market Overview
Airdrie
Airdrie reported balanced to slightly looser conditions in March 2026. Sales totalled 135 units and new listings reached 251, while active inventory rose to 448 units. Months of supply increased to 3.32 months, and the total residential benchmark price was $512,800, down 5.8 percent from the same time last year.
These conditions suggest that buyers in Airdrie are seeing more options than they did a year ago, while sellers are facing somewhat greater competition. The market remains active, but the rise in inventory is helping reduce some of the pressure that characterized tighter phases of the cycle.
Cochrane
Cochrane also moved further toward balanced conditions in March. Sales reached 90 units, down 5.3 percent year over year, while new listings increased to 180, up 27.7 percent. Inventory climbed to 314 units, pushing months of supply to 3.49 months. The benchmark price came in at $561,200, which was 3.6 percent below March 2025.
The increase in supply is providing more choice for buyers, but stronger listing growth relative to sales is also contributing to softer pricing compared with last year. Even so, the market remains reasonably stable and continues to operate in a more normalized range than in prior peak conditions.
Okotoks
Okotoks remained one of the tighter surrounding markets in March 2026. Sales totalled 52 units, new listings reached 94, and inventory stood at 117 units. Months of supply was 2.25, notably lower than in Airdrie and Cochrane, indicating stronger absorption. The total residential benchmark price was $618,100, down 1.6 percent year over year.
Although pricing softened modestly from last year, Okotoks continues to demonstrate relative resilience, supported by lower inventory levels and tighter supply conditions than many neighbouring communities.
Market Trends and Outlook
According to CREB, March data reflects a market that is becoming increasingly segmented by product type. Detached supply remains comparatively constrained, especially in select districts and price ranges, while row and apartment inventory remains above historical norms. This is creating more balanced overall conditions across the city, but not uniformly across all housing categories.
The district level benchmark map also shows that pricing softness is not evenly distributed. In March, year over year benchmark declines ranged from just 0.2 percent in the West district to 8.2 percent in the North East, with the North, South East, and East districts also posting more pronounced declines.
As Calgary enters the spring buying season, the market appears more stable than it was during the tightest periods of the past several years. Buyers have more selection, particularly in apartment and row segments, while sellers in detached and semi detached categories still benefit from relatively supportive conditions where supply remains limited.
Strategic Insights
For Sellers
Sellers of detached and semi detached homes remain in a comparatively favourable position, particularly when properties are well priced and located in districts where supply remains constrained. These segments continue to show greater price stability and lower months of supply than other categories.
Sellers of row and apartment style homes should prepare for more competition and potentially longer marketing timelines. Accurate pricing, strong presentation, and realistic expectations will remain especially important in segments where supply is elevated and buyers have more leverage.
For Buyers
Buyers continue to benefit from improved selection across the Calgary market, particularly in apartment and row housing, where inventory is materially higher and market conditions are less competitive than in detached product. These segments may offer the best opportunities for negotiation.
Buyers targeting detached properties should still expect tighter conditions in some price points and neighbourhoods, especially where supply remains below historical norms. However, the broader market is considerably less pressured than during earlier periods of extreme scarcity, making it easier to assess options thoughtfully.
This analysis is based on the March 2026 Calgary and Area housing statistics released by the Calgary Real Estate Board on April 1, 2026.