Calgary Housing Market March 2026 | Sales, Supply & Price Trends

by Madison Ogilvy

Market Conditions Vary by Property Type as Spring Begins

The Calgary housing market in March 2026 continues to show mixed conditions depending on property type as we move into the spring market. While inventory levels increased as expected seasonally, supply remains elevated for apartments and row homes and tight for detached properties.

There were 1,881 sales in March, up from February but still –13% year-over-year and below typical levels for this time of year. The decline was largely driven by slower apartment-style sales, as increased supply and easing migration levels give buyers more choice and less urgency.

“When we look at the overall numbers, conditions appear relatively balanced,” said Ann-Marie Lurie, CREB® Chief Economist. “However, the reality is a split market—tighter conditions for detached homes and more buyer-friendly conditions for apartments.”

Inventory and Market Balance

Inventory trends continue to vary significantly across property types:

Detached homes: Tight conditions with just over 2 months of supply
Semi-detached homes: Balanced conditions
Row homes: Increasing supply, nearing 3 months
Apartment-style homes: Oversupplied, approaching 5 months of supply

Citywide, these differences are balancing each other out, keeping overall conditions relatively stable, even as individual segments move in different directions.

Calgary Real Estate Prices: March 2026

The total residential benchmark price reached $565,600 in March:

+1% month-over-month
–4% year-over-year

Price trends continue to reflect supply differences across the market:

Detached and semi-detached homes: Stable with some upward pressure
Row homes: Relatively stable month-to-month, but lower than last year
Apartment-style homes: Continued price declines due to higher inventory

Key Takeaways

Sales: 1,881 (–13% year-over-year)
Benchmark price: $565,600 (+1% month-over-month, –4% year-over-year)
Detached homes: Tightest conditions with just over 2 months of supply
Semi-detached homes: Balanced with stable pricing
Row homes: Rising inventory, nearing balanced conditions
Apartments: Oversupplied with nearly 5 months of supply and ongoing price declines
Market trend: A split market—detached strength vs. condo oversupply