Real Estate Report: Calgary's Inventory Jumps as Market Continues Shift Towards Balance Amid Stable Rates

THE DAILY PULSE

Calgary's real estate market on January 16, 2026, saw a notable influx of new listings, significantly outpacing daily sales volume.

• Daily Sales (January 16): 39 units
• New Listings (January 16): 170 properties
• Net Inventory Change (Daily): +131 units
• Daily Average Price: $580,745

Today's average price of $580,745 is notably lower than the Month-to-Date average of $615,430 (for January 1-15). This suggests that transactions on this specific day skewed towards more affordably priced properties or a concentration of sales below the month's established average, indicating varied activity across price points.

So What for Buyers Today? The significant jump in new listings provides increased selection. While the daily average price suggests some relative value today, buyers should still be prepared for sustained demand, particularly in entry-level segments. More options mean potentially less bidding pressure, allowing for more considered offers.

MONTHLY TRENDS

As of January 16, 2026, Calgary's real estate market is demonstrating a clear trend of growing inventory, moving towards more balanced conditions.

• Live Month-to-Date Sales (Jan 1-16): 506 units (467 MTD as of Jan 15 + 39 daily sales)
• Live Month-to-Date New Listings (Jan 1-16): 1,467 properties (1,297 MTD as of Jan 15 + 170 new listings)
• Current Total Active Inventory: 4,220 units

The calculation of 1,467 new listings against 506 sales month-to-date underscores a consistent build-up in available properties. The current active listings of 4,220 units indicate that Calgary's inventory is nearing more typical January levels, a welcome change from the record lows observed in previous years. This growth is a significant factor in the market's transition away from an aggressive seller's market.

So What for Sellers? With growing inventory and more choices for buyers, sellers are facing increased competition. Strategic and realistic pricing, alongside effective marketing, is paramount to attract offers. While strong underlying demand remains, expectations should be tempered compared to the peak seller's market conditions of 2023 and early 2024.

THE BIGGER PICTURE (YoY)

Calgary's real estate market is continuing its transition into 2026, characterized by increasing supply and moderating price growth, despite persistent population-driven demand.

• 2025 Annual Average Total Residential Benchmark Price: $577,492 (a 2% decline from the previous year).
• December 2025 Benchmark Price: $554,700 (down 4.7% year-over-year).
• January 2025 Benchmark Price: $583,000.
• 2026 Property Assessments (City of Calgary): Single-family homes up 1%, Condos down 3%, indicating segment-specific adjustments.
• Population Growth: Calgary Census Metropolitan Area (CMA) experienced Canada's highest population growth in 2024, with a net annual gain of over 100,000 people.

Mortgage rates have remained surprisingly stable in the past week, with no major shifts announced since the Bank of Canada's rate cut in June 2024. (Note: Specific variable and fixed rate trends are not available in current live research, but overall stability is indicated.)

So What for Buyers? The market is offering improved selection and a shift towards more balanced conditions, moving away from the intense bidding wars of prior years. While stable mortgage rates offer some predictability, persistent population growth ensures that demand remains strong. Buyers should focus on long-term value and property assessments that reflect modest gains for single-family homes, while exercising caution with condo properties that saw a value decline in assessments. This environment provides a more strategic purchasing opportunity than the rapid appreciation periods of the past.