The average residential sale price in Calgary has increased by 3.5 per cent across all property types between 2024 and 2025 from $621,015 to $642,840. The number of sales transactions decreased by 15.8 per cent for the same time period (from 23,864 to 20,082). The total number of listings decreased by 19.2 per cent (from 33,728 in 2024 to 27,243 in 2025). Average residential sale prices will remain steady going into 2026, compared to 2025. Sales are anticipated to remain the same going into 2026, compared to 2025.
Trends in the Calgary Housing Market
Looking ahead to 2026, Calgary will continue to be a buyers/balanced market. The top three neighbourhoods anticipated to be the most desirable in the region in 2026 are Springbank Hill, Discovery Ridge and Rocky Ridge as the West side of Calgary tends to appreciate at a higher rate than all others, holding value through instability. Single-detached homes are expected to see the strongest demand and sales activity in the region in 2026.
Buying and Selling Trends for homebuyers and sellers:
- First-time Homebuyers are looking in suburban areas and buying single-family homes around $800,000.
- Move Up/Over Homebuyers are buying larger properties between $800,000 and $1,300,000.
- Retirees are buying smaller homes like bungalows or semi-attached properties between $800,000 and $1,300,000.
- New-home construction activity is comprised of condominiums which will increase affordability in the region and homes farther out from the core create more affordable options. Construction is proceeding as planned.
Calgary is seeing increased inter-provincial migration from British Columbia and Ontario due to affordability challenges and economic concerns. The rental market is saturated and first-time buyers are able to hold their position to ensure affordability prior to entering the housing market. With a larger rental market, investors aren't particularly active in the region. Long-term Calgary is well insulated from the rest of the country, particularly British Columbia and Ontario. While the pace has slowed, the market remains very active. Growing inventory and consumer confidence increase as buyers get comfortable with economic uncertainties with sales remaining strong, but less than we've seen from 2021 through 2024.
