Calgary Real Estate Board: April 2026 Market Shifts to Balanced Conditions Amidst Easing Sales and Modest Price Gains

Calgary Real Estate Board — April 2026

The Calgary real estate market experienced a transition to more balanced conditions in April 2026, with the composite benchmark price reaching $569,900, a modest increase from March. Total sales for the month were 2,104 units, a six percent decrease compared to April 2025, according to figures released by the Calgary Real Estate Board. Active listings rose to 5,973 units, nearly two percent higher than the previous year, contributing to improved supply choice across the housing spectrum.

Market Analysis

April 2026 saw the Calgary market move away from the strong demand driven by rapid migration growth, with sales easing as anticipated. The overall market condition is now considered balanced, a shift from previous seller's market conditions. Despite a typical seasonal uptick in activity, total sales of 2,104 units were lower than the 2025 figures, reflecting reduced urgency among potential purchasers due to increased supply.

New listings in April totaled 3,829, contributing to a modest monthly gain in overall supply. The sales-to-new-listings ratio (SNLR) remained at 55.0 percent, indicating a steady absorption rate. Inventory levels reached 5,973 units, representing nearly a two percent increase from April of the prior year. Overall, the months of supply remained just below three, aligning with balanced market conditions. The composite benchmark price of $569,900 reflects a monthly gain from March's $565,500, primarily associated with seasonal improvements, though prices remain 2.3 percent lower year-over-year.

Property Type Analysis

Market conditions varied significantly across property types in April. The detached segment, with a benchmark price of $685,900, continued to experience tighter conditions. Despite a modest monthly gain in inventory, levels remained lower than last year and below long-term trends, with months of supply just over two. These conditions helped support prices, which continued to rise compared to March, easing the pace of year-over-year price declines to under three percent.

In contrast, the apartment condominium market, with a benchmark price of $310,800, favored buyers, experiencing price adjustments and year-over-year declines nearing nine percent. Months of supply for apartment-style homes extended to over four months, indicating a more significant supply relative to demand. The attached/townhouse segment reported a benchmark price of $449,000, experiencing modest year-over-year declines similar to the semi-detached sector.

Regional Highlights

Within the detached market, conditions varied considerably by district. Calgary’s North West, West, and South districts experienced seller’s market conditions, characterized by less than two months of supply, which drove stronger monthly price gains. Conversely, conditions in the North East district favored buyers, leading to a downward trend in prices from the previous month.

Benchmark price changes in April across the detached market ranged from a year-over-year decline of eight percent in the North East to a two percent increase in the West district, highlighting the localized nature of market dynamics within the city.

For Buyers

Buyers in the Calgary market should recognize the shift to more balanced conditions, which offers improved supply choice. Opportunities may be more prevalent in segments favoring buyers, such as the apartment condominium market, or specific detached districts like the North East. It is crucial for buyers to conduct thorough research and work with a real estate professional to understand the nuanced conditions and pricing strategies in their desired areas and property types.

For Sellers

Sellers should adjust their expectations to the evolving balanced market conditions. While demand persists, particularly in the detached segment in certain districts like the North West, West, and South, realistic pricing is essential, especially in segments with higher inventory levels such as apartment condominiums. Consulting with a real estate professional can provide valuable insights into current market values and effective selling strategies tailored to specific property types and locations.