Calgary Real Estate Market Report - February 2026: Balanced Conditions Persist

Calgary (MLS® HPI) — February 2026

In February 2026, Calgary's composite benchmark price stands at $562,000, reflecting a year-over-year decrease of 2.7%. The market remains balanced, with no significant fluctuations in sales or inventory metrics reported this month.

Market Analysis

Calgary's real estate market continues to exhibit balanced conditions as of February 2026. The composite benchmark price has increased from $555,500 in January 2026, indicating a steady upward trend over the past month. However, the year-over-year decline of 2.7% from $577,700 in February 2025 suggests a cooling in price growth compared to the previous year. The absence of sales and inventory data for February limits a comprehensive analysis of supply and demand dynamics, yet the stable benchmark price indicates a level of resilience in the market amidst broader economic factors.

With the current benchmark price of $562,000, Calgary's market appears to be stabilizing after a period of volatility. The balanced market condition suggests that buyers and sellers are finding common ground, which may lead to more consistent activity in the coming months. The lack of drastic changes in sales and inventory levels could indicate that both buyers and sellers are adopting a wait-and-see approach, potentially influenced by external economic factors and interest rates.

Property Type Analysis

In February 2026, the benchmark prices for various property types are as follows: detached homes at $677,200, attached/townhouses at $444,400, and apartments at $306,600. The detached market remains the most expensive segment, reflecting the ongoing demand for single-family homes in Calgary. Meanwhile, the attached and apartment sectors show more affordability, which may appeal to first-time buyers or those looking to downsize.

The differences in benchmark prices highlight the diverse options available in Calgary's real estate market. While detached homes continue to command higher prices, the attached and apartment markets may provide opportunities for buyers seeking more budget-friendly alternatives. This segmentation suggests that buyers should carefully consider their needs and financial capabilities when navigating the market.

Regional Highlights

Calgary's real estate landscape is characterized by its varied neighborhoods, each offering unique amenities and lifestyle options. As the city continues to grow, certain regions may experience more demand than others, particularly those with access to public transportation, schools, and recreational facilities. The overall balanced market condition across the city suggests that while some areas may see increased interest, others may remain stable or experience slower activity.

Additionally, economic factors such as employment rates and population growth will continue to influence regional trends. Buyers and sellers should remain informed about local developments and market shifts to make educated decisions.

For Buyers

For prospective buyers, February 2026 presents a balanced market that offers opportunities to negotiate favorable terms. With a current benchmark price of $562,000, buyers are encouraged to explore various property types and neighborhoods to find the best fit for their needs. It is advisable to stay informed about market trends and be prepared to act when suitable properties become available.

For Sellers

Sellers in Calgary's real estate market should focus on presenting their properties effectively to attract potential buyers. Given the current benchmark price of $562,000 and the balanced market conditions, it is essential to price homes competitively while highlighting unique features and benefits. Engaging with a knowledgeable real estate professional can provide valuable insights into local market conditions and help sellers position their properties for a successful sale.