Jeff MacKinnon

Real Estate Professionals Inc.



403-860-9525

homesinalberta@gmail.com

I have been a resident of Calgary since 2000. I work with buyers and sellers of residential property in Calgary and surrounding areas. My past clients will tell you I am knowledgeable, patient, always available, reliable and honest. When I list your home I use a professional photographer as part of my marketing plan, along with all available social media. I also bring in a home staging company at my expense so it sells as soon at the best possible price.

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Calgary real estate board forecasts stable market for 2026

By Jeff MacKinnon

The Calgary Real Estate Board came out with their forecast for 2026 this week and is anticipating a continued balanced market after the frenzy of 2024 gave way to more normalcy in 2025.

Calgary condo prices expected to continue to decline in 2026.

The board’s chief economist Ann-Marie Lurie is predicting the detached home sale price will come in at a 0.1 per cent increase (so no change really), while the average semi-detached price will jump 6.8 per cent.

Apartment and row/townhome prices are anticipated to continue to decline – 3.5 per cent for condos and 1.9 for townhomes.

Detached sales were down 8.7 per cent in 2025 to 11,328 while listings were up 13.84 per cent. The average price rose 0.8 per cent in 2025 and 10.9 per cent in 2024.

“In 2025, the market transitioned from one that favoured the seller to more balanced conditions, as improving supply in the new home, rental and resale markets occurred just as demand returned to more typical levels. This took much of the pressure off home prices last year, especially in the apartment and row segments,” said Lurie said.

Condo and townhomes prices experienced a major jump in 2024 of 15.4 per cent for condos and 14.3 for townhomes, but things cooled off in 2025 with 2.7 decline in the average price for condos and 2.1. for townhomes.

Condo sales fell by 28 per cent last year and townhomes by 17.41 per cent.

Lurie’s report credited limited supply and tight rental markets for the strong condo/apartment sales in 2024.

“By the end of 2024, conditions started to shift,” she wrote. “Record-high new construction levels over the past several years caused both rental and new condo supply growth to improve. Additional rental supply and easing rental rates both slowed the transition to ownership, and additional new home supply pulled some of the demand away from the resale market toward new product.”

As of November, 2025 there were 26,042 new homes under construction in Calgary – 17,771 of which were condos. Of those condos being built 63 per cent will be rentals once completed.

If you really love numbers and statistics the entire report is available at this link:

https://www.creblink.com/crebtalk/Articles/2026/January/2026_forecast_report/

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