Calgary Real Estate Report: Calgary Housing: Inventory Surge Flips Power to Buyers

THE DAILY PULSE

• Daily Sales: 54
• New Listings: 188
• Net Inventory Change: Inventory Growing (+134)
• Today's Average Price: $565,562

Today's average price of $565,562 sits a brutal $61,929 below the monthly average of $627,491. This isn't noise—this is lower-priced inventory getting scooped up while luxury listings collect dust. The action is happening in the entry-level and mid-range brackets, where buyers with financing locked in are capitalizing on choice.

The Move: If you're buying entry-level detached or townhomes under $600K, move fast—those deals are gone by lunch. But if you're eyeing condos or apartments? You've got time. Sellers in high-density segments are now competing for YOU, not the other way around. Negotiate hard.

MONTHLY TRENDS

• Month-to-Date Sales: 652 (598 + 54)
• Month-to-Date New Listings: 1,468 (1,280 + 188)
• Total Active Inventory: 4,806

The Friction: New listings are outpacing sales by more than 2:1 this month (1,468 vs 652). That's a market shift in real-time. Active inventory is now 4,806—the highest February reading since 2020. Sellers who think they can demand January 2024 prices are living in a fantasy. The power dynamic has flipped: buyers have options, and sellers are now competing on value, not just location.

Sellers: Listen Up. The competition is stacking up behind you. If you aren't priced 3-5% below your neighbor's comparable listing, you're just free advertising for the guy who is. The market doesn't care about your renovation costs—it cares about supply, and right now, supply is winning. Price it right or watch it sit.

THE BIGGER PICTURE (YoY)

Calgary's real estate market is in full transition mode. January 2026 saw a 15% year-over-year decline in sales and a 4.7% drop in the Benchmark Price to $554,400. CREB's 2026 Forecast confirmed what the daily data is screaming: we're moving into balanced market conditions. Inventory is up 21% year-over-year, and apartment/row segments are sitting at over 5 months of supply—classic oversupply territory. Meanwhile, detached homes remain tight (under 3 months), keeping that segment in seller's market mode. The Bank of Canada hasn't made moves yet, but whispers of rate cuts later in 2026 are building. Translation: The wait-and-see crowd is growing.

The Outlook: February is proving that urgency is dead—buyers aren't sweating, and sellers are feeling it. If you're holding onto 2024 pricing expectations, the market is about to educate you. This is the new normal: more choice, more time, and more leverage for anyone with a pre-approval in hand. Rock & roll.

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