Calgary council opens the public hearing on repealing blanket rezoning
Council is considering a bylaw that would return most low-density lots to the zoning they had before August 2024. Thousands of residents asked to be heard.
News & Insights
Monthly Calgary housing market updates: benchmark prices, sales and inventory, explained by Berg Estate Team (Tom Berg, eXp Realty).
Get new articles by email
We will send you one email each time we publish a new article. No spam, and you can unsubscribe at any time.
Council is considering a bylaw that would return most low-density lots to the zoning they had before August 2024. Thousands of residents asked to be heard.
The Bank held its rate for a third time. Growth is weaker than expected, but the conflict in the Middle East has pushed energy prices sharply higher.
Tight supply pushed Okotoks prices up 2% in a month. Cochrane sales jumped and its market moved to three months of supply; Airdrie prices held steady.
Detached and semi-detached homes had under three months of supply, while apartments kept piling up. Overall, the market stayed balanced at three months.
The province set the residential education tax rate at $2.84 per $1,000 of equalized assessment. For a typical Calgary home that means about $340 more this year.
The City's economists report slower population growth, a 5% rental vacancy rate, record starts and completions, and 23,467 homes under construction.
Cochrane had a record number of January listings and five months of supply, Okotoks stayed tight at about two months, and Airdrie was in line with trends.
Apartment inventory reached 1,435 units, the highest January on record, with over five months of supply. Detached homes had under three months.
Sales fell 15% from last January while sellers listed quickly, pushing inventory to the highest January level since 2020. Detached homes stayed balanced.
The Bank held its policy rate at 2.25%, projected 1.1% growth for 2026 and expects inflation near 2%. Variable-rate payments stay where they are for now.
CREB's outlook calls for 22,200 sales in 2026 and a slight 0.94% decline in prices, as 26,000 homes under construction add supply, mostly apartments.
Calgary-area starts rose 14% to 27,684 in 2025, a record. Multi-unit starts jumped 22% while single-detached starts fell 6%, shaping supply for 2026.