What This Means by Property Type

🏠 Detached Homes – Still Balanced
736 sales / 1,269 new listings

Just under 3 months of supply

Benchmark price: $734,300 (down ~3% year-over-year)

Detached homes remain one of the most stable segments of the Calgary market. Demand continues to absorb most of the new listings coming to market, keeping supply relatively tight—especially for homes priced under $700,000. While prices remain slightly lower than last year, the market is still considered balanced overall.

🏘 Semi-Detached – Tightest Segment Right Now
175 sales / 253 new listings

2.4 months of supply

Benchmark price: $682,200 (roughly unchanged from last year)

Semi-detached homes are currently the tightest segment of the market. Strong demand combined with relatively limited inventory is helping push prices slightly higher month-to-month, particularly in the City Centre, North West, and West districts.

🧱 Townhomes – Moving Toward Balance
270 sales / 491 new listings

Just over 3 months of supply

Benchmark price: $423,600 (down ~5% year-over-year)

Townhomes remain in relatively balanced territory. While inventory increased earlier in the year, stronger sales in February helped bring supply levels down slightly. Prices are still below last year’s levels, with the North East and East districts seeing the largest declines.

🏢 Condos – Still the Softest Segment
345 sales / 753 new listings

Over 4 months of supply

Benchmark price: $298,600 (down ~9% year-over-year)

Apartment-style condos continue to face the most pressure. Rising inventory and a surge in apartment construction across Calgary are creating more options for buyers. Supply levels remain elevated, especially in the North East and South East, putting continued downward pressure on prices.

Surrounding Communities

Airdrie: Balanced market, price $512,200 (down ~5% YoY)

Cochrane: Stable conditions, price $553,500 (down ~3%)

Okotoks: Tight inventory, price $612,300 (roughly flat YoY)

Bottom Line

The Calgary housing market continues to split into two different realities depending on property type.

Detached and semi-detached homes remain relatively balanced with limited supply in key price ranges.

Townhomes are stabilizing after inventory increased earlier in the year.

Condos continue to face oversupply as thousands of new apartment units are under construction across the city.

Overall, Calgary currently sits at about three months of supply, meaning the market remains balanced—but the experience for buyers and sellers can look very different depending on the property type.

If you’re thinking about buying, selling, or just want to know what your home might be worth today, I’d be happy to walk you through what these numbers mean for your specific neighborhood.

Denis Hrstic

Calgary Housing Update – January 2026

A Slower Start, Especially for Condos & Townhomes

Calgary’s real estate market opened 2026 with a steady—but more cautious—pace. January saw 1,234 sales, down 15% from last year, largely due to softer demand for condos and townhomes. At the same time, sellers were quick to list, pushing inventory to 4,391 homes—the highest January level since 2020.

The result? Buyers now have more choice, particularly in higher-density properties, and the urgency we saw in previous years has eased.

What This Means by Property Type

🏠 Detached Homes – Still Balanced

• 657 sales / 1,243 new listings

• Less than 3 months of supply

• Benchmark price: $724,000 (down ~3% year-over-year)

Detached homes remain the most stable segment. Inventory is close to long-term averages, and while prices have softened slightly from last year, the market is still considered balanced.

🏘 Semi-Detached – Holding Steady

• 118 sales / 251 new listings

• 3.5 months of supply

• Benchmark price: $667,000 (only 1% lower than last year)

More listings are creating better options for buyers, but pricing has stayed relatively firm—especially in the North West and West districts.

🧱 Townhomes – More Competition

• Sales down 25% from last year

• Supply above 4 months

• Prices 5% lower than January 2025

Townhomes are feeling the impact of new construction competition, particularly in the North East and South East.

🏢 Condos – The Softest Segment

• Only 273 sales vs 787 new listings

• Inventory at an all-time January high

• Benchmark price: $301,200 (down 8% year-over-year)

Condos continue to face the most pressure, with over 5 months of supply and price declines across every district.

Surrounding Communities

• Airdrie: Balanced market, price $513,900 (down 5% YoY)

• Cochrane: Rising supply, price $550,800 (down ~2%)

• Okotoks: Tight inventory, price $599,500 (down 2%)

Bottom Line

• Buyers now have more negotiating power, especially for condos and townhomes.

• Detached homes remain relatively stable and balanced.

• Early 2026 feels like a “reset” period before the spring market.

If you’re thinking about buying, selling, or just want to know how this affects your home’s value, I’d be happy to walk you through what these numbers mean for your specific neighborhood.

Denis Hrstic