CREB®’s March report, released April 1, 2026, marked the start of the spring market. Sales, new listings, inventory and prices all rose from February, but the overall picture hides a wide gap between property types.
Calgary total residential benchmark price: 2026 vs 2025
March 2026 at a glance
| City of Calgary, all homes | Mar 2025 | Mar 2026 | Change |
|---|---|---|---|
| Sales | 2,156 | 1,881 | −12.8% |
| New listings | 4,018 | 3,409 | −15.2% |
| Homes for sale (inventory) | 5,153 | 5,395 | +4.7% |
| Months of supply | 2.39 | 2.87 | +20.1% |
| Sales-to-new-listings ratio | 54% | 55% | +2 pts |
| Benchmark price | $590,300 | $565,600 | −4.2% |
| Average days on market | 29 | 35 | +6 days |
The 1,881 sales were 13% below last March and below long-term trends for the month, mostly because of fewer apartment sales. The total benchmark price of $565,600 was up nearly 1% from February but more than 4% lower than a year earlier. Apartment prices fell nearly 3% in the first quarter compared with the fourth quarter of 2025.
By type of home
| Type of home | Sales | Benchmark price | vs. Mar 2025 | Months of supply |
|---|---|---|---|---|
| Detached | 982 | $741,300 | −3.3% | 2.2 |
| Semi-detached | 193 | $686,100 | −0.8% | 2.5 |
| Row | 322 | $423,900 | −6.2% | 3.0 |
| Apartment | 384 | $300,300 | −9.3% | 4.6 |
- Detached: 982 sales, a 61% sales-to-new-listings ratio and just over two months of supply. Five districts (North West, West, South, South East and East) had under two months. The $741,300 benchmark price was 3% below last year’s peak of $766,600.
- Semi-detached: sales rose above last year’s level for a second month; the price was $686,100, only 1% lower than a year ago.
- Row: first-quarter sales fell 19%, inventory was 25% above long-term trends and the price of $423,900 was over 6% lower than last year.
- Apartment: 1,774 units for sale, just short of the March record set in 2008, and a price of $300,300, over 9% below last year.
“As expected, this is supporting upward momentum in detached prices and downward pressure in the apartment condominium sector,” said CREB’s Chief Economist Ann-Marie Lurie.
March versus February
Every major measure moved up as the spring market began. Sales rose from 1,526 in February to 1,881, and inventory from 4,822 to 5,395 homes. Months of supply eased from 3.16 to 2.87, because sales grew faster than inventory. Homes sold faster, too: the average time on market fell from 42 days in February to 35 days in March, although that is still longer than the 29 days of March 2025.
Why supply looks so different by type
CREB says inventory was well above the 10-year average for row and apartment-style homes but well below it for detached homes. That is not a surprise: detached housing starts pulled back last year, while apartment-style starts hit a record. The drop in sales was mostly in apartments, where more choice and slower migration are spreading demand across a wider range of homes. Detached sales also slowed compared with long-term trends, likely because supply in some districts is limited.
Detached: price gains led by the West
Detached benchmark price by district, change from March 2025
Five districts had less than two months of detached supply: the North West, West, South, South East and East. The City Centre and North were relatively balanced, while the North East still had more supply than demand. Over the first quarter, the West posted the largest detached price gain, followed by the City Centre and South. The West was the only district with a detached benchmark above last year, at $997,400.
Row and apartment: buyers have more room
Row homes had 778 sales against 1,581 new listings in the first quarter, a ratio just below 50%. Inventory of 960 units was 25% above long-term trends, and the North East favoured buyers. In apartments, the ratio hovered around 40% with nearly five months of supply. Prices eased in every district in the first quarter, with the largest declines, over 4%, in the South and North.
Practical takeaways
- Detached buyers: spring competition is real in most districts. Get pre-approved and decide in advance how high you are willing to go.
- Condo buyers: near-record inventory gives you leverage. Compare several buildings and review condo documents and reserve funds carefully.
- Row home sellers in the North East: price against current competition, including new homes nearby.
- All sellers: spring buyers are active, but they compare. A well-prepared home at the right price still sells quickly.
