Updated September 2026. Updated September 15, 2026. Calgary’s benchmark price was $566,700 in September, just under one per cent below last year, with months of supply near four (CREB, as of September 2026). For the province-wide picture, see our Alberta housing market forecast by city.
If you are planning to buy, sell, or invest in Calgary this year, you picked a calmer market than the last few. 2025 brought softer sales and a small price dip. Most forecasts for 2026 call for a gentle recovery: prices up a little, sales up a little, and buyers with real choice for the first time in years.
This guide pulls together the forecasts from Royal LePage, REMAX, PwC, CMHC and CREB, then adds our own read from the inner city. We cover prices, sales, inventory, what is driving it all, and what to do about it. We have also added notes on how the year is tracking so far. A forecast is only useful if you check it against the real numbers.
Expected Home Prices in Calgary for 2026
Most forecasts point to modest growth. Nothing dramatic, just a welcome change of direction after 2025.
Royal LePage has the most specific call. It expects Calgary’s aggregate home price to reach $701,061 by the fourth quarter of 2026, up 1.5 per cent. Detached homes are forecast to rise about 3 per cent to $828,429. Condos are forecast to rise about 1 per cent to $265,832.
REMAX expects average prices to hold near the 2025 level of $642,840 or rise slightly. PwC and the Urban Land Institute rank Calgary as the top Canadian market to watch this year. Most local agents we talk to land somewhere between flat and 3 per cent.
Why so modest? Benchmark prices fell about 4 to 5 per cent through 2025 as inventory built up. Demand is steady now, so prices should firm up without taking off.
How it is tracking. Through September, Calgary’s benchmark price was $566,700, down 0.82 per cent from a year ago. That gap was 4.71 per cent in January and has narrowed every month since (CREB, as of September 2026). Detached and semi-detached are already at or near last year’s level citywide. Apartments are still down about 8 per cent and are doing most of the work in the citywide number. The forecast of small gains looks about right for ground-oriented homes, and a little optimistic for condos.
Sales Activity and Inventory Outlook
Sales are expected to improve. Transactions fell about 15 per cent in 2025, and most forecasts have 2026 recovering part of that.
Nationally, resales are forecast to rise 7 to 8 per cent, and Calgary usually follows the national direction. Lower rates should bring some sidelined buyers back. Spring and early summer are still the busiest months.
Inventory is the number to watch. It rose sharply in 2025 and gave buyers leverage they had not had in years. Most forecasts expect months of supply to settle around 3 to 4 months in 2026, which is balanced territory.
How it is tracking. Sales are still running below last year. September came in at 1,650 sales, down 4 per cent year over year, while new listings fell 11 per cent. Inventory sat at 6,486 homes, or 3.93 months of supply (CREB, as of September 2026). So the balanced call was right. The sales rebound has not shown up yet. Both sides of the market have been quieter, and that is why prices have held.
The market still splits by type. Detached homes sell faster with less supply. Row homes and apartments have far more selection, which is good news for first-time buyers and investors.
If you are reading this because you are planning a move rather than following the market, two of our posts do the practical math: how much money you need to buy a home in Calgary and closing costs in Alberta. If you own already and want to know where your home sits in this, ask us for a home evaluation.
Major Trends Shaping Calgary Real Estate in 2026
A few clear patterns are shaping the year.
The shift to balance. The seller’s market of 2022 to 2024 is over. Buyers can negotiate again, and sellers who price realistically are still selling in a few weeks.
A two-speed market. Detached and semi-detached homes hold value best. Family demand is steady and there are fewer of them. Condos softened first and are still working through a lot of new supply.
West side and suburban growth. Airdrie, Chestermere, and west Calgary communities like Springbank Hill, Discovery Ridge and Rocky Ridge keep drawing buyers who want space for the money. For detached homes, the city centre and west Calgary were the only districts with benchmark prices above last year in September (CREB, as of September 2026).
Rentals. Vacancy rose in 2025 as purpose-built rentals opened. That takes some pressure off buying, and it gives investors more to think about before choosing a condo.
Faster ways to build. PwC flags modular and prefab housing as a way to add supply quickly if financing catches up. Early days, but worth watching.
Calgary still compares well nationally. Toronto and Vancouver are working through bigger corrections. The Prairie cities are the steadier end of the country right now.
What’s Driving the Market This Year?
A mix of things keeps the market moving.
The economy. Alberta’s energy sector is producing at record levels, and jobs in tech and logistics keep adding to the base. Alberta’s GDP growth is forecast around 2.5 to 2.6 per cent, near the top in Canada.
Migration. People keep moving here from Ontario and BC for the cost of living. International migration has slowed under the new caps, but overall population growth still supports demand.
Interest rates. After the cuts in 2025, borrowing costs are workable. Renewals are landing softer than many owners feared, and pre-approvals go further than they did two years ago.
Supply. Record housing starts over the past few years mean more rentals and more condos. That caps how fast prices can rise, and it is a big part of why the market feels stable.
The uncertainties are the usual ones. Trade policy and oil prices can swing quickly. Neither has knocked the fundamentals off course so far.
Tips for Buyers in Calgary’s 2026 Market
This year favours buyers more than any recent one. Use it well.
Get pre-approved before you start looking. It tells you your real budget, and it makes your offer stronger in the detached segment, where good homes still sell in about three weeks.
Look hard at condos and townhomes if they fit your life. That is where the selection and the negotiating room are right now.
Consider the west side and the suburbs. Airdrie and the west Calgary communities offer more space for the money, and the numbers there have held up.
Take your time. Write in an inspection. Negotiate the closing date. Ask for what you want. A balanced market lets you.
Budget for the rate you might renew at, not just the rate you get today.
If this is your first purchase, the rules have improved. Our first-time home buyer guide for the inner city covers what has changed and what it means for your budget.
Tips for Sellers This Year
Balanced markets reward sellers who prepare.
Price to the market from day one. Overpriced listings sit, and with nearly four months of supply, buyers will simply look at the next one. Our guide on how to price your Calgary home to sell walks through how we do it.
Stage and photograph properly. Most buyers make their shortlist online. Owner-occupied listings with us include a professional staging consultation.
List in spring if you can. There are simply more buyers looking.
Lead with what sets your home apart. Location, renovations, energy efficiency, a legal suite. Be specific.
Stay flexible on closing dates and small requests. It costs little and often keeps a deal together.
Detached and semi-detached sellers have the easiest year. Condo sellers need the sharpest pricing of anyone, because buyers have plenty to compare against.
Final Thoughts on Calgary Real Estate in 2026
2026 is shaping up as a year of steady footing rather than big moves. Modest price change, balanced supply, and a market where both sides can make sensible decisions.
Buyers get choice and time. Sellers who price well are still selling in a few weeks. And the year over year price gap has narrowed every month since January, so the direction is clear even if the pace is slow (CREB, as of September 2026).
The city’s economy, ongoing migration, and relative value keep it resilient compared to the rest of Canada. If you are moving up, downsizing, or investing, this is a workable year to do it.
We update the numbers in the first week of every month. The current figures, including community by community medians for the inner city, are on our Calgary real estate market update page.
Where to start in Calgary’s 2026 market
Whatever the forecast says, the smart moves stay the same. Buyers should get clear on financing and focus on the right home for a long hold. Our buyer’s guide walks through each step, and our mortgage calculator helps you test payments before you commit.
Sellers should price to their home type using current data (CREB, as of September 2026) rather than the city-wide average, since detached, semi-detached, and apartment segments are moving very differently this year. You can also watch current Calgary inner-city homes to see how your competition is priced.
If you want to know what your own home would sell for in this market, we will run the numbers for your street, not the city. Get your free home evaluation here.
Forecasts from Royal LePage (Dec 2025), REMAX, PwC/ULI Emerging Trends, CMHC and WOWA.ca as of early January 2026. Current market figures from CREB, as of September 2026. Tracking notes updated September 2026.
Frequently asked questions about the Calgary 2026 forecast
Most forecasts called for modest price gains of 1 to 3 per cent and a balanced market. Through September, the Calgary benchmark price was $566,700, down 0.82 per cent from a year ago, with 3.93 months of supply (CREB, as of September 2026). Balanced, with the price gap closing a little each month.
For a long-term buyer, yes. A balanced market means less competition and more time to make a sound decision.
Rates influence demand, but your holding period matters more. You can refinance a rate later; you cannot rebuy at last year’s price.
There isn’t a reliable one yet. CREB publishes its forecast for the year ahead each January, and most bank and brokerage outlooks come out around the same time. What we can say is how 2026 is finishing: balanced, with prices close to last year and the gap narrowing a little each month (CREB, as of September 2026).