Jeff MacKinnon

Calgary’s detached home sales were similar in February to the same month for 2025, Calgary Real Estate Board’s monthly report shows. The board released their news statistics report on March 2.

In February, the benchmark price for detached homes in Calgary was $734,300; one per cent higher for January but three per cent lower for February 2025. City Centre and the West were the only areas in the city to show month-over-month gains for the same period.

There were 736 detached sales in February, down four per cent year-over-year and the 1,392 total detached sales the first two months of 2026 represent a three per cent decline from the same period in 2025.

At month’s end there were three months supply of detached homes in Calgary and sales-to-new listings ratio of 55 per cent, which is considered OK.

Total inventory in the city reached 4,822 in February with more than half of that being row/townhomes and apartments/condos. There were 1,526 total sales – an 11 per cent decline over last February – “mostly due to a sharp pullback in row and apartment sales”, CREB reported.

Apartments/condos remain an area to watch. There were 753 listings and 345 sales in February, a ratio of 46 per cent, which is considered low. The monthly benchmark price sat at $298,600 at the end of the month, a drop of just shy of one per cent from January but more importantly a nine per cent decline from last February.

The benchmark row price for February was $423,600, a drop of five per cent from last February, while in semi-detached it remained unchanged at $682,200.

This is what CREB’s chief economist Ann-Marie Lurie had to say about the month:

“Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” she wrote. 

“Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.”

To read the full report and statistics package visit:

https://www.creb.com/News/CREBNow/2026/March/February_2026_Stats/