The Calgary housing market continues to evolve as we move into the second quarter of 2026. April’s data reveals a clear transition toward balanced market conditions, driven by a seasonal uptick in inventory and a moderation in sales activity.
While the market is finding its equilibrium, the experience for buyers and sellers remains highly dependent on the property type, with the detached and apartment sectors moving in opposite directions.
Total residential sales for April reached 2,104 units, a 6% decrease from the previous year. This easing of demand follows a period of rapid migration-driven growth, as improved supply choices across the housing spectrum have reduced the sense of urgency among buyers.
"Improved supply choice has helped our market shift away from seller’s market conditions to more balanced conditions," says Ann-Marie Lurie, CREB®’s Chief Economist. "However, the trend of limited supply in the detached market continues, while conditions favor the buyer in the apartment condominium market."
| Market Metric | April 2026 | Y/Y Change |
| Benchmark Price (Total) | $568,800 | -3.0% |
| New Listings | 3,829 | Higher |
| Total Inventory | 5,973 | +2.0% |
| Months of Supply | 2.84 | Balanced |
The detached market remains the most competitive sector. With 2.2 months of supply, conditions are tighter here than in any other segment.
Benchmark Price: $745,400.
Performance: Prices rose compared to March, though they remain nearly 3% lower than last year.
District Spotlight: The North West, West, and South districts are still experiencing seller's market conditions, while the North East has shifted to favor the buyer.
Both segments are currently hovering in the "balanced" range.
Semi-Detached: The benchmark price hit $690,000. Recent gains have brought prices nearly level with last April’s figures.
Row: Inventory is trending higher than last year, with months of supply sitting at approximately three months. The North East has seen the steepest price adjustments at over 11%.
The apartment sector is firmly a buyer’s market. With inventory levels 27% above long-term trends, purchasers have significant leverage.
Benchmark Price: $301,400.
Supply: There are currently over four months of supply available.
Pricing: Benchmark prices have declined by nearly 9% year-over-year, particularly in the North East and East districts.
The Calgary market in 2026 is defined by divergence. If you are looking for a detached home in the West district, expect competition. If you are looking for an apartment-style condo, you will find plenty of selection and room for negotiation.
Are you curious about how these trends affect your home's value? Contact us today for a localized market report on your specific neighbourhood.
