Calgary Real Estate Board Market Report: February 2026 Shows Seller-Favored Conditions

Calgary Real Estate Board — February 2026

In February 2026, Calgary's real estate market recorded a composite benchmark price of $560,500, a slight increase from January. Total sales reached 1,526 units, reflecting an 11% year-over-year decline, while active listings rose to 4,822, indicating a seller-favored market.

Market Analysis

Calgary's real estate market in February 2026 continues to exhibit varied conditions across different property types. The overall months of inventory stands at 3.2, with a sales-to-new-listings ratio (SNLR) of 55%, suggesting that supply is slightly outpacing demand. While the market remains relatively balanced citywide, the dynamics differ significantly between detached homes and apartment-style properties. The inventory level has increased compared to January, which had 4,391 active listings, indicating a growing supply that may impact future pricing trends.

Property Type Analysis

Detached homes are experiencing tighter conditions, with benchmark prices reaching $734,300, reflecting a 1% increase from January. Sales for detached homes remain stable, with 736 transactions reported in February, while new listings rose to 1,269. In contrast, apartment-style properties face excess supply, leading to a decline in sales and continued downward pressure on prices, which is a concern for potential buyers in that segment.

Regional Highlights

Regionally, the North East district struggles with excess supply, which has hindered price improvements, while the West district shows the tightest conditions with less than two months of supply. This disparity highlights the need for buyers and sellers to consider local market conditions when making decisions.

For Buyers

Potential buyers are advised to closely monitor the inventory levels and pricing trends, particularly in the apartment sector, where increased supply may present opportunities for negotiation. With the current market conditions favoring sellers, buyers should be prepared to act quickly on suitable properties.

For Sellers

Sellers should take advantage of the current market conditions by ensuring their properties are well-presented and competitively priced. With inventory levels rising, it is crucial to differentiate listings to attract potential buyers and achieve favorable sales outcomes.