Balanced to
buyer’s market
conditions are
expected to
persist in 2026
depending on
property type.

2026 CREB® FORECAST SUMMARY
In 2025, housing market activity in Calgary transitioned
from one that favoured the seller to more balanced
conditions as improving supply in the new home, rental
and resale markets occurred just as demand returned
to more typical levels, mostly due to slower migration
levels. This took much of the pressure off home prices,
especially in the apartment and row segments, which
reported the largest gains in supply compared to
long-term trends.
As we move into 2026, supply levels are expected to
remain elevated for higher density homes, as 2025’s
record high starts will continue to add supply to the
rental and new home market as those units are
completed. The elevated inventory levels should cool
new home starts this year, taking the pressure off
supply growth by the end of 2026 and into 2027.
Previous population gains and job growth are expected
to keep sales in line with long-term trends. But no further
uptick in demand is expected given the shift in migration
and employment in the city.
SALES AND PRICE GROWTH FORECAST
The recent MOU regarding new pipeline development
and shifts in regulatory policy, signed by the provincial
and federal government, provides significant upside for
our city and province should progress be made. However,
the economic benefits would not be expected to influence
the housing market this year.
Elevated supply across new, resale and rental markets,
combined with stable demand, is expected to prolong
the time it takes to absorb the additional resale supply
currently in the market. Overall, balanced to buyer’s market
conditions are expected to persist in 2026 depending on
the property type.
The additional supply in the apartment and row segments
of the market are expected to weigh on resale prices in
those segments. Meanwhile, annual prices should stabilize
in the more balanced detached and semi-detached
segments. Nonetheless, further annual price declines for
apartment and row-style homes will continue to weigh
on total residential prices, which are expected to ease
slightly over last year.

CREB January 20, 2026 (Release)
DARYL CARLSON – RE/MAX Realty Professionals
Please email, text or call, if you have any questions or would like a full detailed report.
(403) 650 – 7400
Best wishes for a great day!

“Over 30 Years of Selling Real Estate Successfully and Helping Others Achieve their Goals”