Posted on
February 2, 2026
by
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
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
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