Calgary Real Estate Board: March 2026 Market Sees Sales Decline 13% Year-Over-Year Amidst Varied Property Type Conditions

Calgary Real Estate Board — March 2026

The Calgary real estate market in March 2026 reported a composite benchmark price of $565,500, reflecting a 3.1% decrease year-over-year but an increase from February's $561,300. Total sales reached 1,881, marking a 13.0% decline compared to last year, as the market navigates varied conditions favoring sellers overall. This represents an increase in sales from the 1,526 transactions recorded in February 2026.

Market Analysis

According to the Calgary Real Estate Board, March 2026 saw 1,881 sales, an increase from the 1,526 sales in February, yet still 13.0% lower than levels reported last year and below long-term trends for March. The sales-to-new-listings ratio (SNLR) for the month stood at 61.0%, indicating a market that generally favors sellers. The composite benchmark price for March was $565,500, showing a modest increase from February's $561,300, but a 3.1% decrease compared to the previous year.

Supply conditions varied significantly across property types. While overall inventory levels saw a typical monthly rise, detached homes remained well below their 10-year average for inventory, contrasting with row and apartment-style units which were well above trend. This divergence in supply dynamics is influencing market conditions, with the overall market appearing relatively balanced when considering total residential housing statistics, but revealing tighter conditions for detached homes and more buyer-favorable conditions in the apartment sector upon deeper analysis.

Property Type Analysis

The detached market continues to exhibit the tightest conditions among all property types. The benchmark price for detached homes reached $680,900 in March. This limited supply choice, particularly in certain city districts, is supporting upward momentum in detached prices. In contrast, the attached/townhouse sector recorded a benchmark price of $447,200.

The apartment condominium sector, with a benchmark price of $309,600, faces different dynamics. Increased supply choice and slower migration are spreading demand across a wider range of available units, leading to downward pressure on prices. Apartment condominium prices continued to slide, dropping another three percent in the first quarter compared to the fourth quarter of last year, according to the Calgary Real Estate Board.

Regional Highlights

Conditions for detached homes varied across Calgary districts in March. Districts such as the North West, West, South, South East, and East reported less than two months of supply, indicating very tight market conditions. Meanwhile, the City Centre and North districts experienced relatively balanced conditions. The North East district, however, continues to struggle with higher supply relative to demand.

After the first quarter, the largest quarterly gains in detached benchmark prices were reported in the West district, followed by the City Centre and South districts, highlighting the localized strength within the detached market.

For Buyers

Buyers in the Calgary market should be aware of the significant variations in conditions across property types and city districts. Those seeking detached homes may encounter limited supply and competitive bidding, particularly in the North West, West, South, South East, and East districts. Conversely, buyers interested in apartment condominiums may find more choice and potential for negotiation due to increased supply and slower demand in that segment.

For Sellers

Sellers of detached homes, especially in high-demand areas like the West, City Centre, and South districts, may find favorable conditions for achieving strong prices due to tight supply. However, sellers in the apartment condominium sector should be prepared for a more competitive environment with increased inventory and slower demand, necessitating strategic pricing to attract buyers.