Calgary Real Estate Board Market Report: January 2026 Shows Balanced Conditions Amid Increased Inventory

Calgary Real Estate Board — January 2026

In January 2026, the Calgary real estate market recorded 1,234 sales, maintaining activity levels consistent with the previous year. The composite benchmark price stands at $599,500, reflecting a shift in market dynamics as new listings rise to 4,391, resulting in a sales-to-new-listings ratio of 44.0%.

Market Analysis

The Calgary real estate market exhibits balanced conditions as inventory levels reach 4,391 units, the highest for January since 2020. The months of inventory is recorded at 3.6, indicating a moderate supply relative to demand. The increase in new listings has contributed to a decline in the sales-to-new-listings ratio, which dropped to 44.0%, suggesting that buyers are taking their time to evaluate options in a market with ample choices. This trend is typical for January as both buyers and sellers prepare for the upcoming spring market.

Property Type Analysis

In January, the detached market remains the strongest segment, with a benchmark price of $724,000. However, the overall decline in benchmark prices reflects challenges faced by higher-density homes, particularly in the apartment and attached sectors, where specific data is currently unavailable. The disparity in inventory levels across property types is notable, with detached homes experiencing under three months of supply, while apartment-style homes face five months, indicating a more competitive environment for detached properties.

Regional Highlights

Regionally, the market shows varied conditions, with the detached sector demonstrating resilience compared to higher-density homes. The North East district has seen the most significant year-over-year price declines, exceeding six percent, while the West district remains relatively stable with declines of less than one percent. These regional differences highlight the importance of localized market analysis for both buyers and sellers.

For Buyers

Potential buyers are encouraged to take advantage of the current market conditions, characterized by increased inventory and a balanced sales-to-new-listings ratio. With a variety of options available, buyers should conduct thorough research and consider their long-term needs before making a purchase decision.

For Sellers

Sellers should be proactive in pricing their homes competitively, given the current market dynamics. With a higher number of listings available, it is essential to present properties attractively and be prepared for negotiations, as buyers may take their time to choose from the increased inventory.