CREB®’s first report of the year, released February 2, 2026, showed a quiet January: 1,234 sales in the City of Calgary, 15% fewer than a year earlier but in line with typical activity for the month.
Calgary, January 2026: benchmark price vs. January 2025
January 2026 at a glance
| City of Calgary, all homes | Jan 2025 | Jan 2026 | Change |
|---|---|---|---|
| Sales | 1,449 | 1,234 | −14.8% |
| New listings | 2,896 | 2,785 | −3.8% |
| Homes for sale (inventory) | 3,640 | 4,391 | +20.6% |
| Months of supply | 2.51 | 3.56 | +41.8% |
| Sales-to-new-listings ratio | 50% | 44% | −6 pts |
| Benchmark price | $581,800 | $554,400 | −4.7% |
| Average days on market | 41 | 53 | +12 days |
What stood out
Sellers came back faster than buyers. The sales-to-new-listings ratio dropped to 44%, and inventory rose to 4,391 homes, the highest January level since 2020. CREB’s Chief Economist Ann-Marie Lurie noted that buyers of higher-density homes were more hesitant to return after December, because more supply has reduced the sense of urgency.
Conditions depend heavily on the type of home. Detached homes had under three months of supply and stayed relatively balanced, while apartments had over five months. The total benchmark price was about 5% lower than last January, largely because of steep declines in the oversupplied row and apartment segments. CREB added that seasonally adjusted prices were stable compared with the end of 2025.
Our take: January is a small month and both buyers and sellers often wait for spring. For condo buyers, this is the most choice in years; detached sellers in balanced districts can still expect solid interest if the home is priced right.
January versus December
January usually follows a quiet December, and 2026 was no exception. Sales rose from 1,126 in December to 1,234, but new listings more than doubled, from 1,219 to 2,785. As a result, inventory grew from 3,860 to 4,391 homes. The benchmark price barely moved, from $554,700 to $554,400, and homes took 53 days on average to sell in both months.
Detached: balanced, with a clear west-east gap
Detached benchmark price by district, change from January 2025
Detached homes had 657 sales and 1,243 new listings, a 53% ratio. Inventory rose to 1,753, just shy of the long-term average for the month. Prices eased slightly from December, mostly because of pullbacks in the City Centre and North West. Year over year, the West was almost unchanged at $958,800 (−0.3%), while the North East, at $573,400, was 6.2% lower.
Semi-detached and row
Semi-detached homes made up 10% of activity, with 118 sales and 251 new listings, and three and a half months of supply. CREB says rising supply since late 2025 is creating more price stability. Row sales were down nearly 25% from last year. Row prices were stable from December thanks to gains in the City Centre and West, while the steepest annual declines were in the North East and East, followed by the North and South East, where new homes compete with resale.
Apartments: a record January supply
Apartments had the weakest start. New listings reached 787 against only 273 sales, a 35% ratio, and inventory climbed to 1,435 units, the highest January level CREB has ever reported. With over five months of supply, the benchmark fell to $301,200, nearly 1% below December and 8% below last January.
What it means for you
- Buyers: January gives you time. With more listings and fewer competing buyers, you can view several homes and negotiate before the spring rush.
- Sellers: listings arrived early this year. If you plan to sell in spring, prepare now and watch the homes you will compete with.
- Detached sellers in the West: prices are holding near last year’s level. Elsewhere, expect buyers to point to lower comparable sales.
- Row and condo owners: new homes are your competition. Price and presentation matter more than ever.
