Calgary Housing Market Update for February 2026
Calgary Real Estate Market Update – February 2026
Inventory Rising While Interest Rates Stabilize
Calgary’s housing market is showing signs of shifting toward more balanced conditions as we move further into 2026. While the city remains one of the strongest real estate markets in Canada, increasing inventory and moderating demand are beginning to reshape the market landscape.
For buyers and sellers alike, understanding these changes is key as we head into what is traditionally the busiest time of year for real estate activity.
February 2026 Calgary Housing Market Statistics
In February 2026, Calgary recorded 1,526 residential sales, with 2,766 new listings entering the market during the month. Total inventory climbed to approximately 4,822 available homes, bringing the city to about three months of supply.
This level of inventory is generally considered a balanced market where neither buyers nor sellers have a significant advantage.
The benchmark price for residential properties in Calgary currently sits around $560,500, though prices vary significantly depending on property type.
Benchmark prices by property type are currently as follows.
Detached homes: $734,300
Semi-detached homes: $682,200
Row homes / townhouses: $423,600
Apartment condominiums: $298,600
Detached and semi-detached homes remain relatively competitive due to continued demand and limited supply in certain neighbourhoods. However, the condo market is beginning to soften slightly as new inventory enters the market.
Why Inventory Is Increasing in Calgary
One of the most noticeable changes in Calgary’s housing market over the past year has been the steady increase in listings.
Several factors are contributing to this shift.
First, many homeowners are choosing to sell after the strong price growth Calgary experienced during the previous two years. Sellers who purchased several years ago are now taking advantage of higher property values.
Second, new condominium developments are adding additional units to the market. This increase in supply is giving buyers more options, particularly in the apartment sector.
Finally, buyers are becoming slightly more cautious than they were during the peak seller’s market. While demand remains strong overall, rising borrowing costs in recent years have caused some buyers to take a more deliberate approach when purchasing a home.
The combination of these factors is gradually moving the market toward more balanced conditions.
Interest Rates and Mortgage Trends in Canada
Interest rates continue to play a major role in housing affordability across Canada.
The Bank of Canada’s benchmark interest rate currently sits around 2.25%, following several adjustments over the past two years. Economists expect rates to remain relatively stable through much of 2026 as inflation continues to moderate.
Mortgage rates offered by Canada’s major banks currently fall within a fairly tight range.
Approximate five-year fixed mortgage rates from major Canadian lenders currently include the following.
RBC: approximately 4.3% to 4.6%
BMO: approximately 4.5% to 4.7%
CIBC: approximately 4.2% to 4.6%
TD Bank: approximately 4.7%
National Bank: approximately 4.4% to 4.6%
The prime lending rate in Canada is currently around 4.45%, which influences most variable mortgage products.
For buyers with strong credit and insured mortgages, the lowest advertised mortgage rates available through lenders and brokers are currently in the mid-3% range for fixed mortgages and slightly lower for variable products.
What This Means for Buyers
For buyers, the Calgary market is beginning to offer more opportunities than it did during the intense seller’s market of recent years.
Rising inventory means buyers now have more homes to choose from, less pressure to make rushed decisions, and greater ability to negotiate price and conditions.
This is especially true in the condo segment, where increased supply is creating additional options.
However, well-priced detached homes in desirable neighbourhoods continue to attract strong interest.
What This Means for Sellers
For sellers, preparation and pricing strategy are becoming increasingly important.
Homes that are properly priced, professionally marketed, and well presented are still selling quickly in today’s market.
However, listings that enter the market priced too aggressively may take longer to sell as buyers now have more choices available.
Working with an experienced local real estate professional can help ensure a home is positioned correctly within the current market conditions.
Calgary Housing Market Outlook for 2026
Looking ahead, Calgary’s real estate market is expected to remain relatively stable through the remainder of 2026.
Several key factors will influence the market moving forward, including continued population growth in Alberta, interprovincial migration to Calgary, interest rate stability, and new housing supply entering the market.
While price growth may moderate compared to previous years, Calgary continues to benefit from strong economic fundamentals and remains one of the more affordable major cities in Canada.
Thinking About Buying or Selling?
Understanding current market conditions is essential when making real estate decisions.
If you’re considering buying or selling a home in Calgary and would like a personalized market assessment, feel free to reach out anytime.
Kelly Kernick
Greater Calgary Real Estate
403-875-7629
