Calgary Real Estate Report: Calgary Housing: Inventory Flood Hands Leverage to Buyers

THE 3-SECOND BRIEF

• The Pulse: The Flood (Buyer's Market)
• For Buyers: Inventory is piling up. You have leverage—don't rush, and negotiate hard.
• For Sellers: New listings are flooding the zone. Price it right or watch it sit.

CALGARY — Calgary's housing inventory swelled by 29 units today as 102 new listings hit the market against 73 sales, pushing total active inventory to 4,820 homes. That's the highest February stockpile since 2020, and it's reshaping the power dynamic between buyers and sellers. The wallet impact? More choice means less urgency, and less urgency means pricing discipline matters more than ever.

The Daily Numbers

• Daily Sales: 73
• New Listings: 102
• Net Inventory Change: Growing (+29)
• Today's Average Price: $648,654

Today's average price of $648,654 sits well above the monthly average of $633,409 and the year-to-date mark of $625,925, suggesting luxury-tier or premium detached properties drove the day's transactions. That pricing gap tells the story: while higher-density inventory floods in, detached homes in desirable pockets are still commanding solid money. The market isn't collapsing—it's segmenting.

Monthly Trends

• Month-to-Date Sales: 1,406
• Month-to-Date Listings: 2,470
• Total Active Inventory: 4,820

February's sales-to-new-listings ratio is tracking at 57%, a textbook balanced market by historical standards—but that balance is buyer-friendly when inventory keeps climbing. Year-over-year, January 2026 benchmark prices dipped nearly 5%, with apartments and row homes absorbing most of the pain as new construction completions from 2025's record 28,000 housing starts finally hit the market. Fixed mortgage rates are easing thanks to falling bond yields, but the Bank of Canada's next decision on March 18th is expected to hold the line. The market's in transition: inventory is rising, pricing is stabilizing, and the frenzied days of 2023-2024 are officially in the rearview mirror.