Calgary Real Estate Report: Calgary Housing: Inventory Flood Hands Leverage to Buyers
Inventory surges to 4,835—buyers now hold the cards in YYC.
THE 3-SECOND BRIEF
- The Pulse: The Flood – Inventory is piling up fast.
- For Buyers: You hold the cards. Take your time and negotiate hard.
- For Sellers: Price it right or watch it sit. The days of instant offers are over.
CALGARY — The math is brutal for sellers. Yesterday delivered 173 new listings against just 74 sales, meaning inventory grew by 99 units in a single day. Active listings now sit at 4,835, the highest January-to-February level since 2020. This isn't a correction—it's a reckoning fueled by last year's record-breaking construction boom and a spring market that's waking up early.
The Daily Numbers
- Daily Sales: 74
- New Listings: 173
- Net Inventory Change: Growing (+99)
- Today's Average Price: $674,233
That $674,233 average is notably higher than February's month-to-date average of $628,577, signaling luxury and detached home activity are still commanding premiums. But here's the catch: when the median sits at $556,000, that gap tells you the high-end is propping up the averages while entry-level buyers are hunting for deals in oversupplied multi-family segments.
Monthly Trends
- Month-to-Date Sales: 1,077
- Month-to-Date Listings: 2,081
- Total Active Inventory: 4,835
Year-over-year comparisons confirm the shift: 2026's YTD average of $622,655 reflects a market normalizing after years of white-hot appreciation. Apartment prices dropped 7.7% in January alone, pressured by nearly 28,000 new homes hitting occupancy in 2025—double the 10-year average. Detached homes are holding steady, but multi-family is where the blood's in the water. Buyers shopping condos and row homes have leverage they haven't seen in years. Sellers? Stop dreaming about 2024 prices and start pricing for reality.
Comments ()