The real estate market in Calgary is expected to return to stability in 2026 after experiencing a decline last year, according to forecasts from the Calgary Real Estate Board (CREB). Estimates indicate a shift from a seller’s market toward more balanced conditions.
In 2025, sales fell across all types of homes: 28% for condominiums, 17% for townhouses, and 8% for detached and semi-detached homes. In contrast, inventory increased by 50–70% for most types, except for townhouses, whose inventory dropped by 87%. Listings rose by 10–15%, except for condos, which saw a 1% decline.
Isleen Grant from Calgary decided to sell her home after three years of residence in search of a larger space and expressed satisfaction with the options currently available. Grant noted that prices have dropped compared to previous years, when it was not possible to purchase a detached home for around $500,000.
Despite increased residential construction in 2025, particularly high-density units, continued low migration to Alberta is expected to lead to declining prices for townhouses and condos in 2026, with a slight increase in prices for detached and semi-detached homes. Although residential project starts are expected to decrease in 2026, the abundant supply will take time to adjust to demand.
Economist Anne Marie Laurie confirmed that market stability provides balanced opportunities for both buyers and sellers after years of rising prices. Meanwhile, Lindsay, CEO of CIR Realty, advised buyers to act quickly when finding suitable opportunities, as the market has not fully shifted in their favor yet.
As for rental prices, they are likely to remain low due to over 11,000 rental units currently under construction. CREB predicts that low migration will keep vacancy rates high in 2026, putting downward pressure on rents.
