Calgary Real Estate Market Update —
April 2026 & First Four Months in Review
Whether you're thinking of buying your first home, upgrading, or selling in Calgary, understanding the current market conditions is essential to making the right decision. In this update, we break down the Calgary real estate market performance for April 2026 and the first four months of the year — with key insights for buyers and sellers heading into the spring season.
Overall Market Summary: April 2026
Total residential sales in April 2026 came in at 2,104 units, down slightly from 2,236 units during the same period last year — a decrease of 134 units. This dip is largely driven by a slowdown in condo apartment sales, while the single-family home segment held steady.
Single-Family Homes: Steady Prices, Balanced Market
Single-family home sales remained consistent year-over-year, with 1,095 homes sold in April 2026. The benchmark price currently sits at $745,400 — that's:
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2.7% lower than April 2025
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2.6% higher than December 2025
This recovery from the winter lows signals resilience in the detached home segment. Well-priced single-family homes are receiving showings and offers within the first few weeks of listing. Some properties have even seen multiple offers, particularly in sought-after communities.
Outlook for May–June 2026: Single-family home prices are expected to remain stable around the $750,000 range. Spring is traditionally a strong season for sellers, and serious buyers are actively searching.
Condo Apartment Market: Buyers Hold the Advantage
The condo apartment segment continues to face challenges. In April 2026:
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Only 432 units were sold — down 157 units from last year
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Benchmark price has dropped 8.9% year-over-year
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Current supply sits at approximately 4.5 months — a buyer's market
High inventory levels mean sellers need to price competitively to attract interest. However, this presents a real opportunity for first-time homebuyers and investors looking to enter the Calgary market at a more accessible price point.
Outlook for the Rest of 2026: Condo prices face continued downward pressure, with an estimated 4–5% further decline expected through the remainder of the year.
Townhouses & Half-Duplexes: Still a Buyer's Market
Townhouse sales are largely in line with last year's numbers, but prices have softened:
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Benchmark price: $422,900 — down 7% year-over-year
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Supply: approximately 3 months
Quick sales are still happening — but mainly in communities where there isn't an oversaturation of similar-style units. For the most part, this segment currently favours buyers.
Outlook for the Rest of 2026: Townhouses and half-duplexes are also expected to see price adjustments of 4–5% through year-end.
Economic Factors Influencing the Calgary Market
Several macroeconomic factors are shaping buyer and seller confidence right now:
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Geopolitical uncertainty from the ongoing Middle East conflict is contributing to economic instability
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Higher oil prices are driving up transportation and consumer goods costs for all Canadians
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The Bank of Canada held the prime rate at 4.45% last week
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Ongoing inflation concerns and potential fixed mortgage rate increases could reduce consumer spending and home upgrade activity
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If rates rise further, first-time homebuyer affordability will be directly impacted
These factors make it all the more important to understand your local market before making any major real estate decisions.
What This Means for Calgary Buyers in Spring 2026
If you're a buyer, now is a favourable time to act:
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Balanced inventory across the city gives you a solid selection to choose from
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Interest rates are holding — locking in a rate now protects you from potential increases
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The condo and townhouse markets offer strong value, especially for first-time buyers and investors
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Single-family homes are competitively priced with room to negotiate in some communities
What This Means for Calgary Sellers in Spring 2026
If you're looking to sell:
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May and June are prime selling months — buyers are motivated and actively searching
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Single-family home sellers are in the strongest position, especially with well-priced, move-in-ready homes
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Condo and townhouse sellers need a sharp pricing strategy and professional marketing to stand out in a crowded inventory
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Homes with less popular floor plans or located in oversupplied communities may take longer to sell — proper staging and pricing are critical
Thinking About Buying or Selling in Calgary?
Every home and situation is unique. If you're considering making a move this year and want a clear picture of what your home is worth — or what you can afford — we're here to help.
Contact us today for a private consultation. We'll walk you through a personalized home evaluation and help you build a strategy that makes sense for your goals in today's Calgary market.
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