Calgary Real Estate Report: Calgary Housing: Luxury Surges as Mid-Market Stalls

THE DAILY PULSE

• Daily Sales: 41
• New Listings: 75
• Net Inventory Change: Inventory Growing (+34)
• Today's Average Price: $636,508

Today's average price of $636,508 is running hot—nearly $40K above the month-to-date average of $597,668. This isn't a market shift; it's high-end deals skewing the numbers. The real story is in the luxury bracket, where Calgary's ultra-wealthy are still making power moves while the rest of the market catches its breath.

The Move: If you're buying entry-level or mid-market, ignore today's inflated average. Focus on the 75 new listings flooding the market—sellers are about to realize they're not in 2024 anymore. Wait for the price corrections to land in the next 10 days.

MONTHLY TRENDS

• Month-to-Date Sales: 102 (61 MTD + 41 Today)
• Month-to-Date New Listings: 192 (117 MTD + 75 Today)
• Total Active Inventory: 4,447

The Friction: New listings are doubling sales in February—192 vs. 102. That's 90 more homes sitting on the market, stacking the deck against sellers. With 4,447 active listings (the highest January level since 2020 bleeding into February), buyers have choices. Sellers who think they can coast on 2023 pricing are about to get humbled. Apartments and row homes? They're taking the biggest beating, down 7.7% and 5.2% year-over-year.

Sellers: The competition is rising. If you aren't the best price on the block, you're just decoration. Price aggressively or prepare to watch your listing age out while buyers move to the next shiny object. The market doesn't reward patience anymore—it punishes hesitation.

THE BIGGER PICTURE (YoY)

Calgary's residential benchmark price dropped 4.7% year-over-year to $554,400 in January 2026, with high-density properties (apartments and row homes) leading the decline. Meanwhile, detached and semi-detached homes are showing more resilience, buoyed by inner-city redevelopment demand and blanket rezoning. Population growth is slowing, migration is cooling, and the Bank of Canada is holding rates steady—removing the urgency that fueled the 2022-2024 frenzy. Renters are catching a break too: asking rents fell 5% in December 2025, signaling relief across the housing spectrum.

The Outlook: Calgary is transitioning from a seller's warzone to a buyer's playground—but only if buyers stay ruthless and sellers stay realistic. This isn't a crash; it's a reckoning. The luxury segment will keep its swagger, but the rest of the market? It's about to learn the hard way that supply always wins when demand takes a coffee break.

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