Calgary Real Estate Market Report - January 2026: Benchmark Prices Show Year-Over-Year Decline

Calgary (MLS® HPI) — January 2026

In January 2026, Calgary's composite benchmark price remains steady at $554,800, reflecting a 3.4% decrease from January 2025. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Calgary real estate market in January 2026 exhibits a balanced condition, with the composite benchmark price holding steady compared to the previous month. Despite the year-over-year decline of 3.4%, the stability in the benchmark price suggests that the market is adjusting to current economic conditions without significant fluctuations in demand or supply. This balance indicates that buyers and sellers are finding common ground, which is crucial for maintaining market health.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $667,000, while attached/townhouse properties are priced at $442,200, and apartments at $309,700. The differences in benchmark prices reflect varying levels of demand and supply across these categories, with detached homes generally commanding higher prices due to their larger size and desirability in suburban areas.

Regional Highlights

Calgary's real estate market continues to show resilience despite economic pressures, with the benchmark prices stabilizing across various property types. The consistent pricing suggests that while there may be fluctuations in sales activity, the overall demand for housing remains steady, particularly in sought-after neighborhoods. This stability is essential for fostering confidence among potential buyers and sellers alike.

For Buyers

For buyers entering the Calgary market, it is advisable to conduct thorough research on specific neighborhoods and property types to identify opportunities that align with their budget and lifestyle needs. Given the current balanced market, buyers may find favorable conditions to negotiate prices without the pressure of escalating competition.

For Sellers

Sellers should focus on presenting their properties in the best possible light to attract potential buyers in a balanced market. Pricing homes competitively based on current benchmark prices and ensuring they are well-maintained can enhance appeal and facilitate quicker sales, even in a market experiencing slight price declines.