Calgary Market Softens in March as Inventory Builds

Calgary's housing market showed signs of cooling in March 2026, with sales declining 12.9% year-over-year and the overall benchmark price slipping to $565,600 — down 4.2% from March 2025. Active listings climbed 5.1% year-over-year as more supply entered the market, giving buyers improved choice across all property types. Conditions remain broadly balanced with a sales-to-new-listings ratio of 55%.

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Market Snapshot

Benchmark Price

$566K

-4.2% YoY

Sales

1,878

0.0% vs Feb · -12.9% YoY

New Listings

3,411

-15.2% YoY

Active Listings

5,453

+5.1% YoY

Days on Market

Median DOM

Market Conditions

Based on the sales-to-new-listings ratio

Balanced Market

Buyer'sBalancedSeller's

Balanced Market

Sales/New Listings: 55.1%

A ratio above 60% favours sellers; below 40% favours buyers; 40–60% indicates balanced conditions.

Benchmark Price by Property Type

Year-over-year change in benchmark price, Calgary CMA

Detached

$741K

▼3.3% YoY

Semi-Detached

$686K

▼0.9% YoY

Row / Townhouse

$424K

▼6.2% YoY

Condo/Apt

$300K

▼9.3% YoY

Benchmark Price History

Overall benchmark, all property types combined

Chan's Key Takeaways

Detached home sales fell year-over-year but the segment's benchmark of $741,300 held up better than most, declining only 3.3% — a sign of continued demand for ground-oriented housing.

Apartment and townhouse prices saw the steepest year-over-year declines (-9.3% and -6.2%), creating improved entry-level opportunities for first-time and downsizing buyers.

At 35 days on market — up from 29 in March 2025 — sellers are taking longer to find buyers, and well-priced homes in desirable neighbourhoods are standing out more than ever.

A 55% sales-to-new-listings ratio confirms balanced conditions: neither buyers nor sellers hold a strong hand, making realistic pricing and skilled negotiation critical.

Further Resources

HonestDoor — Calgary

Neighbourhood-level price estimates, sales history, and property value trends across Calgary communities.

City of Calgary — Rental Market

Official City of Calgary housing research including rental trends, vacancy rates, and long-term market data.

What Does This Mean for Your Search?

Market data only tells part of the story. Chan can break down what conditions mean for your specific budget, neighbourhood, and timeline.

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Data sourced from CREB monthly statistics. Benchmark prices reflect the Calgary CMA. Published April 7, 2026. For informational purposes only.