Detached market tightens while apartments remain oversupplied Calgary, Alberta, March 2, 2026 – Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer. “Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.” Tighter conditions for detached

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

Slow start for high-density homes Calgary, Alberta, Feb. 2, 2026 – Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes. “Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this