Calgary Real Estate Board Reports February 2026 Benchmark Price at $561,300 Amidst Shifting Market Dynamics

Calgary Real Estate Board — February 2026

The Calgary Real Estate Board reports the composite benchmark price reached $561,300 in February 2026, marking a 1.2% increase from January's $554,800. Total sales for the month were 1,526 units, an 11.0% decline compared to February of the previous year, while the benchmark price saw a 2.8% year-over-year decrease.

Market Analysis

Calgary's real estate market in February 2026 exhibited conditions favoring sellers overall, with a citywide Months of Inventory (MOI) at 3.2 and a sales-to-new-listings ratio (SNLR) of 55.0%. Total sales of 1,526 units represent an 11.0% decline from February 2025, primarily driven by a sharp pullback in row and apartment sales. Despite this, the composite benchmark price of $561,300 is up from January's $554,800, though still 2.8% lower than the previous year.

Active listings increased to 4,822 units in February, up from 4,391 in January, with condominiums and row homes accounting for over half of this inventory. According to Ann-Marie Lurie, CREB®’s Chief Economist, "Tighter conditions for detached homes offset the higher supply levels in the apartment condominium sector, leaving citywide conditions relatively balanced at three months of supply and a sales-to-new-listings ratio of 55 per cent."

Property Type Analysis

Market conditions varied significantly across property types in February. Detached and semi-detached properties experienced the tightest conditions, reporting less than three months of supply, with the detached benchmark price reaching $677,200. Row homes reported slightly higher supply levels, remaining relatively balanced with a benchmark price of $444,400.

Conversely, apartment-style properties continue to deal with excess supply, with a benchmark price of $306,400, as conditions favor the buyer. This is attributed to slowing migration levels coinciding with rising apartment supply, including nearly 18,000 units under construction. While lower-density homes saw monthly benchmark price gains, apartment-style homes continued to experience price slides, reflecting the divergent supply-demand dynamics.

Regional Highlights

Regional trends within the detached market showed considerable variation. The North East district struggled with excess supply, hindering monthly price improvements. In contrast, the West district reported the tightest conditions, with less than two months of supply.

For detached homes, the unadjusted benchmark price was $734,300, over one percent higher than January. The City Centre and West districts were the only areas to report both month-over-month and year-over-year gains in detached prices, highlighting localized strength in these areas.

For Buyers

Buyers in February 2026 should carefully assess market conditions based on property type and location. Those interested in apartment-style homes may find more negotiating leverage due to excess supply. For detached homes, particularly those priced below $700,000 or in tight districts like the West, competition remains strong, necessitating swift decision-making and potentially fewer conditions.

For Sellers

Sellers of detached homes, especially those in high-demand price ranges or districts like the West, may benefit from current tight market conditions. Strategic pricing remains crucial, particularly for apartment sellers, who face higher inventory levels and may need to adjust expectations regarding market time and price to attract buyers.