Many of our clients compare Calgary with the towns around it. Here is what CREB®’s January report, released February 2, 2026, said about three of them.
Benchmark price, January 2026
Airdrie
Sales were lower than last January but still relatively strong: 106 sales and 227 new listings, a sales-to-new-listings ratio of 47%. Months of supply stayed just above three, in line with long-term trends. The benchmark price was $513,900, a modest seasonal gain over December but 5% lower than in January 2025.
Cochrane
New listings rose to 149, the highest January level ever reported for the town, against only 54 sales. The ratio dropped to 36% and months of supply stayed at five. After three straight monthly declines, the benchmark price was $550,800, nearly 2% lower than both December and last January. See our Cochrane community guide.
Okotoks
Okotoks still has less inventory than its long-term trend. There were 33 sales and 52 new listings, a 63% ratio, and only 79 homes for sale, just over two months of supply. The benchmark price of $599,500 was about the same as December and 2% lower than last January. See our Okotoks community guide.
Our take: the three towns sit only 20 to 30 minutes apart, but buyers face very different conditions: plenty of choice in Cochrane, competition in Okotoks.
How 2025 set the stage
CREB’s year-end review explains why the towns started 2026 in such different places. In Airdrie, competition from new homes and more choice in other resale markets lifted inventory to levels not seen since before the pandemic, after four years of exceptionally low supply. Sales stayed in line with long-term trends, but the annual average benchmark price eased by 2%.
Cochrane’s sales were similar to 2024 and above long-term trends. Supply caught up only late in the year, so prices held up better: the annual benchmark was $578,325, nearly 3% higher than in 2024. CREB notes that Cochrane tends to have a larger share of newer homes listed on the resale market, which affects prices.
Okotoks’ inventory rose by more than 40% in 2025 but was still 30% below long-term trends, keeping the market tight. Total prices rose only modestly, which CREB attributes partly to the mix of homes sold: gains ranged from over 1% for detached homes to nearly 8% for apartments.
January in each town
Airdrie’s 47% ratio was slightly lower than typical for January, and inventory rose further, keeping supply just above three months. Cochrane’s prices had trended down for three consecutive months after several months of higher supply. Okotoks continued to struggle with low inventory, which limited sales to 33, and its price was relatively unchanged from December. Its 63% ratio was the highest of the three towns, with just over two months of supply, a sign that buyers there still compete for a limited number of homes.
Compared with Calgary
Benchmark price in January 2026: towns and the City of Calgary
The City of Calgary’s January benchmark was $554,400. Airdrie was about $40,500 lower, Cochrane about $3,600 lower and Okotoks about $45,100 higher.
Practical takeaways
- Cochrane buyers: January’s record listings and five months of supply give you the best choice in years. Negotiate, but check how new the home is when you compare prices.
- Okotoks buyers: with fewer than 100 homes for sale, prepare your financing and act fast on the right home.
- Airdrie sellers: you compete with new homes and with Calgary. Price realistically and highlight what resale offers, such as finished basements and mature landscaping.
- Commuters: include the cost and time of driving into Calgary when you compare a town’s price with the city’s.
- Everyone: January numbers are small, so one month can swing a lot. We will watch whether spring confirms these trends.
