After the first three months of 2026, CREB®’s April 1 report shows prices in the towns around Calgary steadying, but still below a year ago.
Benchmark price, March 2026 vs March 2025
Airdrie
There were 135 sales and 251 new listings. With the ratio above 50% and three months of supply, the market stayed balanced and prices showed more signs of stabilizing. The benchmark price was $512,800, similar to February but more than 5% below last March. CREB again pointed to new-home supply and more choice in north Calgary.
Cochrane
Sales eased after a strong February, and first-quarter sales of 235 were comparable to last year. New listings grew faster, so months of supply edged up, though conditions remained mostly in line with long-term trends. The benchmark price of $561,200 was 4% lower than last year. See our Cochrane guide.
Okotoks
More listings moved Okotoks away from extremely tight conditions, but supply was still just over two months. The benchmark price of $618,100 was higher than at the end of 2025, a modest quarterly gain, yet still more than 1% below last March. See our Okotoks guide.
The towns next to Calgary
Benchmark price in March 2026: towns and the City of Calgary
The City of Calgary’s total benchmark price in March was $565,600. Airdrie was about $52,800 lower, Cochrane about $4,400 lower, and Okotoks about $52,500 higher. For buyers who can work outside the city, the price gap in Airdrie is still meaningful, but Cochrane is now close to the city average.
Airdrie: steady, with more competition from new homes
In February, Airdrie had 122 sales and 236 new listings, a 52% ratio, and inventory pushed above long-term trends. The benchmark was $512,200, five per cent below last year. March was very similar: 135 sales, 251 new listings and a price of $512,800. In both months CREB pointed to competition from new homes and more supply in Calgary and nearby areas as reasons for the price adjustment.
Cochrane: a quieter March after a busy February
February brought 91 sales against 154 new listings, a 59% ratio, and three months of supply. The benchmark was $553,500, slightly higher than January. In March, sales eased while new listings grew faster, and the ratio struggled to push above 50%. Inventory rose and months of supply edged up, but the price still increased to $561,200 thanks to seasonal gains. CREB notes that prices remain lower than a year earlier mainly because of pullbacks in the third quarter of 2025.
Okotoks: the tightest of the three
In February, the Okotoks benchmark rose 2% from January to $612,300, a stronger gain than usual early in the year, as inventory stayed well below long-term trends. In March, more listings moved the market away from extremely tight conditions, but supply was still just over two months, and the benchmark reached $618,100. Prices were higher than at the end of 2025.
The pattern behind the prices
All three towns were still below their March 2025 prices: Airdrie by more than 5%, Cochrane by 4% and Okotoks by just over 1%. The tighter the supply, the closer prices are to last year. Okotoks, with the least supply relative to sales, is nearly back, while Airdrie, with three months of supply and strong new-home competition, remains furthest behind.
Practical takeaways
- Airdrie: buyers can compare resale homes with new builds and negotiate. Sellers should look closely at what nearby builders are offering.
- Cochrane: balanced conditions give both sides time. Watch whether April sales pick up, which would tighten the market again.
- Okotoks: buyers should expect competition for well-priced homes. Sellers have the advantage, but higher listings mean buyers have slightly more choice than in 2025.
- Moving from Calgary: compare the same type of home in each town, because the benchmark reflects the local mix of homes.