If you’re wondering what’s ahead for the Calgary real estate market in 2026, you’re not alone. Buyers, sellers, and Calgary realtors have all been watching closely! The Calgary Real Estate Board (CREB®) has just released its 2026 Annual Housing Forecast, providing a detailed look at trends in home prices, sales activity, and overall market conditions for the year ahead.
What is the CREB 2026 Forecast Report?
The CREB Annual Forecast Outlook, also known as the “Yearly Outlook Report,” is a comprehensive analysis of the Calgary real estate market 2026. It combines past market data, current trends, and economic projections to help buyers, sellers, and Calgary realtors make informed decisions.
Prepared by CREB®’s Chief Economist, the report includes insights on:
Home prices: Predictions for detached homes, condos, and other property types across Calgary
Sales activity: Expected number of transactions and the pace of the market in 2026
Market conditions: Whether the market will favor buyers, sellers, or remain balanced
Economic and demographic trends: Population growth, employment shifts, and housing supply
Opportunities and risks: Factors that could influence the Calgary real estate market 2026, including interest rates and new housing developments
For anyone involved in Calgary real estate, this forecast offers a clear and actionable view of the market, helping buyers, sellers, and investors plan for the year ahead.
According to the report, Calgary is moving into conditions that are increasingly buyer-friendly, giving insight into what to expect for housing prices, inventory, and market activity in the year ahead.
I’ve summarized the key takeaways from the 30-page report, but I would highly recommend reviewing the full CREB® forecast report if you’re considering making a move!
Big Picture: A More Balanced Calgary Housing Market
The Calgary housing market in 2026 is expected to remain balanced, with some areas favoring buyers. We see improvements in supply across resale, new homes, and rental markets and demand returning to long-term averages. This has eased price pressure, especially in higher-density housing like condos and townhomes. People moving up now have some options, which allows for a bit of breathing room for buyers.
Key Takeaways for Buyers in 2026:
Less urgency when making offers
More choices in listings
Greater negotiating power
What’s Driving the 2026 Calgary Real Estate Market
Several factors are shaping the Calgary real estate forecast 2026:
Population and Migration Trends
After record-breaking population growth between 2022 and 2024, migration into Calgary has slowed significantly. With fewer international and interprovincial newcomers, housing demand is now closer to historical norms, marking a shift from recent years.
Employment and the Local Economy
Alberta continues to outperform many provinces economically, but job growth in Calgary is expected to slow in 2026. While this may keep unemployment slightly elevated, it helps stabilize Calgary home prices instead of driving rapid increases.
Calgary Home Price Forecast by Property Type
Not all segments of the market are moving at the same pace:
Apartment and Condo Market
Record-high construction
Rising rental vacancies
Increased resale inventory
Impact: Condo prices are forecasted to decline further in 2026, with benchmark prices around $310,000. Buyers will face less competition and more options than in previous years.
Row Homes
Row homes are experiencing added supply from resale and new construction. Prices declined in 2025 and are expected to ease slightly in 2026. This segment remains more stable than condos but less competitive than in the past.
Semi-Detached Homes
Limited supply
Steady demand
Minimal new construction
Impact: Prices are expected to remain relatively flat, with only modest changes depending on location and price range.
Detached Homes
Detached homes are expected to remain stable in 2026. Improved inventory and competition from new builds have slowed price growth, but long-term demand continues to support this segment. Benchmark prices are forecast around $754,000, with minimal year-over-year change.
Calgary Rental Market Outlook 2026
The rental market is shifting as thousands of new purpose-built rental units come online. Slower migration and rising vacancy rates are placing downward pressure on rental prices. Renters benefit from more choices and reduced competition, while investor demand is slightly tempered.
What This Means for Buyers in 2026
More listings to choose from
Slower price growth
Improved negotiating power
Whether you’re a first-time buyer or moving up, conditions are far less pressured than in recent years, especially in condos and townhomes.
What This Means for Sellers in Calgary in 2026
Selling in 2026 will require:
Accurate pricing
Strong presentation
Market knowledge by property type and location
Homes priced realistically and prepared well will still sell, but overpricing can lead to longer market times.
Final Thoughts: Calgary Real Estate Market Forecast 2026
The Calgary real estate market in 2026 is all about normalization. After years of extremes, we’re seeing:
More balanced market conditions
Stabilizing prices
A healthier, more sustainable housing market
Understanding these trends helps buyers, sellers, and investors make informed, confident decisions for the year ahead. I highly recommend to read the FULL REPORT
Ready to make the most of Calgary’s real estate market in 2026?
Whether you’re buying your first home, selling, or exploring investment opportunities, having the right guidance makes all the difference. Reach out today for a personalized consultation and let’s review your options, understand the latest market trends, and create a strategy that works for you. Don’t navigate this changing market alone when expert advice is just a click away!
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