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

THE 3-SECOND BRIEF

• The Pulse: The Flood — Inventory is piling up with 199 new listings drowning out 72 sales.
• For Buyers: Take your time. The urgency is gone and inventory is climbing daily.
• For Sellers: Price it right or watch it sit. The market won't chase you anymore.

CALGARY — The inventory flood continues. On February 27th, Calgary's market absorbed 199 new listings while only 72 homes changed hands, adding a net +127 units to an already swelling pool of 4,918 active properties. This is what a buyer's market looks like when it's just getting started: supply surging, sales softening, and the balance of power quietly shifting hands.

The Daily Numbers

• Daily Sales: 72
• New Listings: 199
• Net Inventory Change: Growing (+127)
• Today's Average Price: $536,683

Today's average price of $536,683 sits nearly $92,000 below the monthly average of $628,452, signaling that the day's activity skewed heavily toward entry-level and higher-density properties. The luxury segment stayed quiet, while apartments and townhouses continue to bear the weight of oversupply conditions. Translation: Affordable housing is moving; everything else is waiting.

Monthly Trends

• Month-to-Date Sales: 1,477
• Month-to-Date Listings: 2,766
• Total Active Inventory: 4,918

February's narrative is written in the gap between listings and sales. With 2,766 new listings against 1,477 sales through today, inventory has climbed to levels not seen since the early pandemic years. Year-over-year, February 2025 recorded 1,721 sales—meaning we're running 244 units behind last year's pace despite the Bank of Canada holding rates steady at 2.25%. The market is normalizing, but it's doing so with a seller's hangover: too much supply chasing too few buyers ready to commit. The spring market is loading the chamber, and sellers who don't adjust to the new rhythm will watch their listings age out.