CALGARY REAL ESTATE MARKET UPDATE · MARCH 2026 · SOURCE: CREB®

Calgary Real Estate Market Update — March 2026: More Supply, Smarter Buyers

By Jad Itani  |  Itani Estates  |  itaniestates.ca  |  Data: CREB® March 2026

Spring is here — and with it, the clearest picture yet of where Calgary’s real estate market stands in 2026. The CREB® March stats package is out, and the headline is this: supply is rising, sales are slowing year-over-year, and the market is rewarding buyers who are prepared and punishing sellers who aren’t.

This is not a market in distress. But it is a market that demands precision. Here’s what the numbers are telling us — broken down by property type, so you know exactly where you stand.

---

The Big Picture: Calgary Overall

MARCH 2026 AT A GLANCE

• Total Sales: 1,881 — down 12.76% year-over-year
• New Listings: 3,409 — down 15.16% YoY
• Inventory: 5,395 units — up 4.70% YoY
• Months of Supply: 2.87 — up 20% YoY (softening, but still near balanced)
• Benchmark Price: $565,600 — down 4.18% YoY
• Days on Market: 35 days — up from 29 a year ago

The citywide story is one of normalization. After two years of historic froth, Calgary’s market is finding its footing. Sales have pulled back, supply has grown, and prices have corrected modestly. This is healthy — and importantly, it’s creating strategic opportunities across every property type.

Supply is rising, sales are softening, and prices have corrected. Calgary is now a market that rewards preparation over panic.

---

Detached Homes: Still the Strongest Segment

• Sales: 982 — down just 5.03% YoY (the shallowest decline of all property types)
• Benchmark Price: $741,300 — down only 3.30% YoY
• Months of Supply: 2.22 — still tight, near balanced conditions
• Days on Market: 31 days
• Sales-to-List Ratio: 98.60% — homes still selling very close to asking

Detached continues to be the most resilient segment in the city. At 2.22 months of supply the market remains close to balanced, and the modest 3.30% price decline is the smallest of any property type.

DISTRICT STANDOUTS — DETACHED

• West: Benchmark $997,400 — down only 0.69% YoY. Tightest supply in the city at 1.56 months. Premium buyers are active.
• South: Benchmark $714,000. Supply at 1.77 months. One of the city’s strongest detached districts.
• North East: Benchmark $574,800 — down 7.13% YoY. Supply at 4.06 months. Real buyer leverage here.

---

Condos / Apartments: The Buyer’s Segment

• Sales: 384 — down 28.76% YoY (steepest decline)
• Benchmark Price: $300,300 — down 9.27% YoY
• Months of Supply: 4.62 — highest of all property types
• Days on Market: 45 days
• City Centre Benchmark: $308,800 | North East: $264,400

With benchmark pricing down nearly 10% year-over-year and over four months of supply, buyers hold the cards in this segment. New purpose-built rental supply entering the market is competing directly with ownership condos — creating the most negotiable conditions since 2019.

That said, location quality still matters enormously. Inner-city, transit-adjacent, and river-view product will outlast this supply cycle. Buy in the right location and today’s discount becomes tomorrow’s equity.

Condo buyers: the entry window you’ve been waiting for is here. Choose location wisely — not all supply is created equal.

---

Semi-Detached: Quietly Resilient

• Sales: 193 — up 4.89% YoY (the only property type to show sales growth)
• Benchmark Price: $686,100 — down just 0.85% YoY
• Months of Supply: 2.49
• Northwest Benchmark: $683,700 — up 3.00% YoY (best price performance in the city)

Semi-detached is the quiet achiever of March 2026. The only property type to record year-over-year sales growth, with benchmark pricing essentially flat. Strong value for buyers in the $550K–$700K range, and the Northwest district is outperforming the entire city on price growth.

---

Row Homes: Value Softening, Opportunities Emerging

• Sales: 322 — down 19.30% YoY
• Benchmark Price: $423,900 — down 6.20% YoY
• Months of Supply: 2.98
• East & North East: Down 11–12% YoY — real value for patient buyers

Row home pricing has pulled back more than detached and semi-detached but remains an accessible entry point in the $350K–$500K sweet spot. East and North East districts have seen the sharpest corrections, creating genuine value. Investors should note strong rental demand fundamentals in inner-city row product despite softening ownership prices.

---

What This Means: Buyers vs. Sellers in April 2026

IF YOU’RE A SELLER

• Detached in West, South, or SE: Favorable conditions. Price precisely and present well — the market will respond.
• Condo seller: Most challenging environment. Price competitively from day one. Overpriced condos are sitting 45+ days.
• Semi-detached seller: One of the better times to sell. Low inventory and near-flat pricing gives you a strong hand.

IF YOU’RE A BUYER

• Looking for a condo? Best buying conditions in three years. Negotiate firmly, prioritize location quality.
• Looking for detached under $700K? Still competitive. Be ready to move quickly on well-priced homes.
• Investor perspective: Row and apartment product near East Village, Bridgeland, and Mission offer the best long-term fundamentals vs. current pricing.

March 2026 is not a moment to panic or to rush. It’s a moment to be precise. The data rewards preparation.

---

The Itani Estates Perspective

Every month I publish this update for one reason: the best decisions in real estate are made with accurate information, not market noise. The March 2026 CREB® data tells a clear story — this is a market in transition, not in freefall. Prices have corrected, supply has grown, and conditions vary significantly by property type and district.

That’s exactly the kind of market where working with someone who understands the nuance makes the difference between a good outcome and a great one. If you’re thinking about buying, selling, or investing in Calgary right now, let’s build a strategy together — one grounded in data and tailored to your specific situation.

---