Calgary Real Estate Statistics - March 2026

Calgary’s housing market continued to show clear differences across property types in March. While inventory levels rose as expected heading into the spring market, supply remained well above long-term averages for row and apartment-style homes, and below typical levels for detached properties. This reflects last year’s slowdown in detached construction, contrasted by record-high apartment development.

Sales activity reached 1,881 units in March, increasing from February but still 13% lower than last year and below historical averages for the month. Much of the decline was driven by weaker activity in the apartment segment, where increased supply and slower migration have spread demand across more options. Detached home sales also came in below long-term trends, largely due to limited inventory in certain areas of the city.

“When looking at the overall numbers, the market appears relatively balanced, with sales, listings, inventory, and prices all increasing compared to last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, a closer look shows very different conditions depending on the property type—tight supply continues to support detached home prices, while excess inventory in the apartment segment is putting downward pressure on prices.”

The total residential benchmark price in Calgary reached $565,600 in March, up nearly 1% from February, but still over 4% lower than this time last year.

After the first quarter, lower-density homes such as detached and semi-detached properties have seen relatively stable pricing. In contrast, apartment-style homes continue to face price declines, with values dropping an additional 3% compared to the previous quarter.

Overall, Calgary’s market is becoming more balanced—but the experience for buyers and sellers continues to depend heavily on the type of property.