Calgary recorded 1,234 home sales in January 2026, down 15% from last year but consistent with typical seasonal activity. Sales declined across all property types, with the sharpest pullback in higher density homes such as apartments and row housing. Increased supply and greater buyer choice reduced urgency, while sellers moved quickly to list properties, pushing the sales to new listings ratio down to 44%. These conditions are not unusual for January, as both buyers and sellers tend to pause before the spring market.
Rising new listings lifted inventory to 4,391 units the highest January level since 2020 with the greatest buildup in row and apartment homes. Months of supply now range from under three months for detached homes to about five months for apartments. Benchmark prices remain below early 2025 levels, though seasonally adjusted data shows stability since the end of last year. Overall residential benchmark prices are down nearly 5% year over year, largely due to price declines in the oversupplied higherdensity segments.
What do I see hapenning in the next few months as we move into the spring market .
As always in a balanced market location , condition of the home, & well priced homes matter more than market timing.
The best preforming communities will be the ones that offer lifestyle, connivence & long term value , not speculation
The weaker segments of the market will be :
-Overpriced Luxury Homes
Older condos with high condo fees.
Remote & unimproved acreage homes with unpaved access.