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

THE 3-SECOND BRIEF

• The Pulse: The Flood (Buyer's Market) — Inventory is piling up as listings outpace sales by 9 units.
• For Buyers: You've got options. Take your time, compare properties, and negotiate from a position of strength.
• For Sellers: Price it right from day one. Overpricing in this environment means watching your listing go stale.

CALGARY — The market is tilting. On February 23rd, 35 new listings hit the market while only 26 properties sold, marking another day where supply growth outpaced buyer demand. Active inventory now sits at 4,879 units—a figure that continues climbing as sellers flood the system faster than buyers can absorb. For those holding cash, the leverage is shifting your way.

The Daily Numbers

• Daily Sales: 26
• New Listings: 35
• Net Inventory Change: Growing (+9)
• Today's Average Price: $639,615

Today's average price of $639,615 clocks in above both the monthly average ($627,845) and year-to-date average ($622,654). That's not a sign of runaway appreciation—it's product mix. Higher-end properties closed deals yesterday, skewing the average upward. The median price tells a different story: $567,000, grounded in the entry-level and mid-market reality where most transactions actually happen.

Monthly Trends

• Month-to-Date Sales: 1,170
• Month-to-Date Listings: 2,173
• Total Active Inventory: 4,879

Year-over-year context matters here: January 2026 sales dropped 15% compared to January 2025, while new listings climbed, pushing inventory higher and dragging prices down for three straight months. The Bank of Canada held rates steady at 2.25% on January 28th—no relief, but no new pain either. The next rate decision lands March 18th. Until then, borrowing costs stay predictable, inventory keeps expanding, and sellers are learning that 2024's pricing power is ancient history.