Well, the most frequently asked question to me is always "How’s the Market Right Now?"

If you’re hearing mixed messages about the market, you’re not wrong. The latest Calgary Real Estate Board (CREB®) report shows that the market really depends on the type of home you’re looking at (and neighbourhood, community, etc).

We’re moving into the spring market with more listings, more inventory, and slightly higher prices month-over-month. But compared to last year, sales are down, and prices are a bit down. In simple terms, the market is balanced overall but split depending on product type (detached, duplex, townhome, apartment condo).

Detached Homes (Most Competitive)
What it means: If you’re buying a detached home, expect competition in many neighbourhoods, as I have gone into multiple offers a lot over the last few months. If you’re selling, this is still your strongest segment.

Semi-Detached (Balanced)
What it means: A fairly balanced market, with good opportunities for both buyers and sellers.

Row Homes (Shifting Toward Buyers)
What it means: Buyers have more choice and negotiating power here.

Apartments (Buyer’s Market)
What it means: If you’re buying a condo, you’ve got options and leverage. Sellers need to price competitively.

So what does it all mean? There isn’t one “market” in Calgary right now.
Detached = tighter, seller-leaning
Semi-detached = balanced
Row & apartments = more buyer-friendly

So when people ask “How’s the market?” the real answer is:

“It depends on what you’re buying or selling and where it is located.”

Let me know if you would like to discuss your situation and make a plan on what you need to do for your real estate.

See the full report here:
https://www.creb.com/News/Media_Releases/2026/April/March_2026_Stats/

March 2026

Market Transition & Sales Activity
Total residential sales reached 1,881 units in March. While this is an increase over February, it represents a 12.8% year-over-year decline. This slowdown is primarily driven by a sharp pullback in apartment-style activity and slower migration patterns.

Inventory Shifts
Total inventory rose to 5,395 units, a 5% increase compared to last year. However, the story is in the distribution: inventory is well above the 10-year average for row and apartment units but remains well below long-term trends for detached homes

Price Trends
The total residential benchmark price was $565,600, down 4.2% year-over-year. Detached and semi-detached prices showed more stability, while apartment condominium prices continued to slide, dropping 3% in the first quarter alone.

Regional Performance
Conditions vary wildly by district. The West district saw the largest quarterly price gains for detached homes , while the North East and East districts are struggling with higher supply, leading to significant downward pressure on prices.

Housing Market Facts

Detached

The detached market is exhibiting the tightest conditions compared to all other property types. With 982 sales and 1,614 new listings in March, the sales-to-new-listings ratio rose to 61 per cent, while inventory levels remained similar to those reported last year. With just over two months of supply, conditions in March closely resembled those seen last year at this time. However, conditions varied across the city, with less than two months of supply reported in the North West, West, South, South East and East districts. Meanwhile, conditions were relatively balanced in both the City Centre and North districts, while the North East district continues to struggle with higher supply relative to demand.

The detached benchmark price was $741,300 in March, down by three per cent over last year’s peak price of $766,600. However, tight conditions in most parts of the city are driving some price gains. After the first quarter, the largest quarterly gain was reported in the West district, followed by the City Centre and South districts.

SEMI-DETACHED

Semi-detached sales rose over last year’s levels for the second consecutive month, supported by improvements in new listings and inventory levels. With 480 units in inventory and 193 sales, both levels are comparable to long-term trends and conditions remain relatively balanced.

As of March, the unadjusted benchmark price was $686,100—slightly higher than last month and only one per cent lower than last year’s levels. Like other property types, there remains a range in price movements dependent on location. By the end of the first quarter, prices have trended up across most districts, but year-over-year prices remain below last year’s levels in all districts except the City Centre, North West and West districts.