Calgary Real Estate Market Review 2025 & 2026 Forecast

Happy New Year! Wishing you a prosperous and successful 2026!

This year marks my 35th year in real estate, and I am deeply grateful to the thousands of clients who have trusted me over the decades. With my experience, I am committed to helping you navigate Calgary’s real estate market. If you have questions about buying or selling in Calgary, don’t hesitate to reach out.

Watch my full Calgary Real Estate Market 2025 Review & 2026 Forecast video below:

Today, we’ll review the Calgary real estate market in 2025 and share insights and predictions for 2026.

Calgary Real Estate Market 2025: Single-Family Homes

Calgary experienced a strong housing market from 2021 through 2024, with single-family home prices peaking at $765,500 in June and July 2024.

In 2025, the market started strong, holding benchmark prices around $767,000 in the first two quarters. By December 2025, prices fell to $726,900, a 5.22% decrease in seven months.

The main factor behind this correction was oversupply. During the summer and fall, there were 3,000–3,200 single-family home listings, representing about three months of supply. This excess inventory contributed to downward price pressure.

Calgary Condo Market 2025

The Calgary condo market also saw significant changes. Condo prices peaked at $341,300 in July and August 2024. In March 2025, the benchmark price was $331,000, declining to $303,600 by December, an 8.28% drop.

Oversupply was again a key factor, with 4–5 months of condo inventory during summer and fall. Many condo owners were forced to reduce prices to attract buyers, as competition offers became rare.

Calgary Townhouse Market 2025

Townhouses saw similar trends. Prices peaked at $462,100 in July 2024, with the 2025 peak at $454,800 in April. By December, townhouse prices fell to $421,300, a 7.4% decrease.

Overall, 2025 was a correction year after four years of steady price growth. High listing supply and slower demand meant that homes stayed on the market longer, and sellers had to adjust pricing strategies.

Key Factors Affecting Calgary Real Estate

Several factors influenced Calgary’s real estate market in 2025:

Lower migration and corporate relocations: Companies like Imperial Oil reduced relocation to Calgary, affecting demand.
Increased housing supply: Blanket rezoning and legal suites increased available housing in many communities.
Future infrastructure projects: Pipeline construction and economic growth could attract more buyers to Calgary in the coming years.

Calgary Real Estate Market Forecast 2026

Looking ahead, the Calgary housing market in 2026 is expected to experience continued price corrections, but at a steady pace.

Early 2026 trends indicate that buyers remain active, but negotiations are tougher, and homes may take longer to sell. Sellers should expect longer listing periods and be prepared for more negotiations.

Whether you’re looking to buy a home in Calgary, invest in condos, or sell your property, understanding the 2026 market trends will help you make informed decisions.

Planning to Buy or Sell in 2026?

If you’re considering buying or selling property in Calgary this year, I’m here to help. With over 35 years of experience, I provide expert guidance to ensure you achieve the best results in any market condition.

Contact me today via phone or email to discuss your real estate goals. As always, I am here to listen, care, and assist you every step of the way.

Posted by Jessica Chan on January 14th, 2026

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