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What is Happening in the Calgary & Area Real Estate Market? Has the Market Changed ?

“The Good News About Today’s Market”

“Not every market shift is bad news.”

“Actually, today’s market is becoming healthier.

Buyers have more choice.

Sellers who price correctly are still achieving excellent results.

And we’re seeing a much more balanced environment than the frenzy we experienced a few years ago.

Balanced markets are good for everyone because they create better opportunities and more informed decisions.”

“If you’re wondering how today’s market affects your plans, send me a message. I’m always happy to talk real estate.”

What is going on with the Calgary Real Estate market when homes over $2m are selling and those 6-800k are sitting on the market longer ?

“The Calgary market isn’t slowing equally across all price ranges. Buyers under $800,000 have more choice and are taking their time, while well-priced luxury homes continue to attract strong demand. Today’s market is less about price range and more about pricing, presentation, and the uniqueness of the property.”

What you’re seeing is one of the more interesting characteristics of the 2026 Calgary market: it’s no longer one market it’s several different markets operating at the same time.

For homes in the $600,000–$800,000 range, several factors are slowing sales:

  • Buyers in this price range are much more sensitive to mortgage rates and monthly payments.
  • There are significantly more listings than there were a year or two ago, giving buyers the luxury of waiting and negotiating.
  • Many of these buyers are first-time or move-up purchasers who are taking their time because they have more choice than they’ve had since 2022.

By contrast, the $2 million-plus market is being driven by a different type of buyer:

  • Many luxury purchasers are paying substantial cash or have significant equity, making them less affected by interest rates.
  • Calgary still looks inexpensive compared with luxury markets in Vancouver and Toronto, attracting buyers relocating from those cities.
  • Truly exceptional luxury properties are relatively scarce, so when a well-priced home in a prime location comes to market, competition can still be intense. Recent data shows many luxury homes are selling quickly, with some attracting multiple offers.

Another factor is buyer expectations.

The mid-market is full of buyers who have dozens of comparable homes to choose from. If a home is overpriced by even 2–3%, they’ll simply move on. Luxury buyers, however, are often searching for a very specific property. If it checks all their boxes, they’re willing to act quickly.

What this means for Calgary sellers

For homes between $600,000 and $800,000, success depends on:

  • Pricing accurately from day one.
  • Showing exceptionally well.
  • Being prepared to negotiate.

For homes above $2 million, unique, well-marketed properties can still command premium prices, while average luxury listings that are overpriced may sit for months. The luxury market remains selective rather than universally hot.

Strategic Takeaways With the YYC Real Estate Market (What This Means Practically)

Calgary isn’t heading into a downturn it’s normalizing.

For Buyers

  • More options with less urgency
  • Best opportunities: apartments in late 2026

For Sellers

  • Pricing strategy matters more than ever
  • Detached still forgiving but less than 2024/early 2025

For Investors

  • Condo market = short-term pain, long-term opportunity
  • Watch for late-2026 entry points

🧾 Bottom Line

Calgary isn’t heading into a downturn it’s normalizing.

  • From: supply shortage as well as migration fueled surge
  • To: balanced, segmented market

👉 My best case forecast:

  • Stable low density housing
  • Continued condo correction
  • Slight overall price decline (2–4%) in 2026

The Spring Market Usually tells us how the remainder of 2026 will go.

Thinking about Downsizing? Well you are not alone .

  • Considering a move to something more manageable? You’re not alone many homeowners are choosing to downsize and simplify their lifestyle.
  • Proven results right here in your community: Homes like 55 Granite Ridge and 130 October Gold were successfully sold for clients making this exact transition.
  • Buyer demand remains strong in the Elbow Valley & Springbank area .Well-presented homes are attracting serious interest, creating a favourable window for sellers.
  • Unlock the full value of your home: A thoughtful pricing and marketing strategy can help you maximize your return while aligning with your next chapter.We have helped our clients find the perfect next step home.
  • Guidance you can rely on: From preparing your home to planning your move, every step is handled with care and experience.Our team has the right people to help .
  • Wondering what your home could be worth today? I’m happy to provide a confidential, no-obligation assessment tailored to your goals. Please feel free to contact me.

Thinking About Buying a Home in Calgary This Spring?

Hi there,

Spring is one of the most active and exciting times to buy a home in Calgary—and it’s just around the corner.

With more listings coming onto the market and interest rates continuing to evolve, this season offers some great opportunities for buyers who are prepared and informed. Whether you’re a first-time buyer, upgrading, or investing, having the right strategy can make all the difference.

Here’s what you can expect this spring:

  • Increased inventory compared to winter months
  • Competitive conditions in desirable neighborhoods
  • Opportunities to secure a home before peak summer activity

I’d be happy to help you navigate the process—from understanding your buying power to finding the right property and negotiating the best deal.

If you’re considering making a move this spring, let’s connect for a quick, no-pressure conversation.

What Effect Will The War In Iran and Higher Oil Prices Have on the Calgary & Area Real Estate Market ?

MOST RELEVANT IMPACTS

Higher oil prices → STRONGER Alberta economy (positive for real estate)

  • Oil prices have risen significantly due to the conflict, boosting revenues in Alberta
  • More oil revenue → more jobs, investment, and migration into Calgary
  • Historically, higher oil = higher housing demand & price growth

👉 Net effect: Upward pressure on home prices & sales activity

BOTTOM LINE (Simple Takeaway)

  • Short-term (now):
    👉 Positive for Calgary real estate (driven by oil boom)
  • Medium-term:
    👉 Mixed — affordability & rates vs economic strength
  • Long-term:
    👉 Depends on how long the war and inflation persist

A Strategic Approach to Buying & Selling Luxury Homes in Calgary and Beyond.


  • The luxury home market operates differently.
    Whether in Calgary’s premier communities or in high end markets outside Alberta, success at the $2M+ level requires precision, discretion, and strategy not volume marketing.
    Here is the framework I use with luxury buyers and sellers.

    For Luxury Sellers: Protecting Value & Positioning Strategically
    1. Price as a Strategy Not an Emotion
    In the luxury segment, overpricing doesn’t “leave room to negotiate.”
    It isolates your property from qualified buyers and can quietly damage perceived value.
    Strategic pricing:
    Is based on global buyer behaviour, not just local comparables
    Considers inventory depth in similar price tiers
    Accounts for cross-market competition (Vancouver, Toronto, U.S. migration trends)
    Luxury buyers are sophisticated. They recognize inflated pricing immediately.

    2. Presentation Must Match the Price Point
    At $2M+, presentation is not cosmetic — it is positioning.
    That includes:
    Elevated staging or design consultation
    Professional architectural photography & video
    Refined digital marketing
    Narrative driven property descriptions
    Luxury buyers don’t just buy square footage.
    They buy lifestyle, privacy, and identity.


    3. Discretion & Access Control
    High end sellers often prioritize privacy over exposure.
    A strategic approach may include:
    Private networks and off market introductions
    Targeted agent-to-agent outreach
    Controlled showing protocols
    Pre-qualified buyer access only
    The goal isn’t traffic ,it’s qualified traffic.

    For Luxury Buyers: Acquiring with Precision
    1. Access Before Competition
    In luxury markets, the best opportunities are often:
    Quiet listings
    Network driven opportunities
    Properties introduced before public launch
    Buyers who rely only on MLS alerts are often behind.
    Strategic representation means:
    Access to private inventory
    Relationships across markets
    Early insight into seller motivation

    2. Market Context Beyond Calgary
    Luxury buyers today are often mobile.
    When evaluating Calgary versus other markets, we consider:
    Relative value per square foot
    Tax environment
    Long-term infrastructure development
    Migration and economic trends
    Liquidity at resale
    An informed purchase looks at lifestyle and long term asset performance.

    3. Negotiation at the High End Is Different
    Luxury transactions are rarely just about price.
    They often involve:
    Complex conditions
    Custom inclusions
    Timelines tied to other properties or jurisdictions
    Confidentiality considerations
    Strong representation protects not only your capital but your position.

    Inside & Outside Calgary: The Common Thread
    Whether buying or selling in:
    Mount Royal
    Elbow Park
    Britannia
    Springbank
    Or luxury markets beyond Alberta
    The fundamentals remain the same:
    Strategic pricing. Elevated presentation. Controlled exposure. Qualified negotiation.
    Luxury real estate is not transactional.
    It is advisory.

    Final Thought
    In the luxury market, mistakes are costly and opportunities are nuanced.
    The difference between a good result and an exceptional one often comes down to strategy, positioning, and professional execution.
    If you’re considering buying or selling a luxury property in Calgary or beyond, the first step is a private strategic conversation.

What we should know about RADON GAS!

1) What is Radon

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4

Radon is a naturally occurring radioactive gas produced by the breakdown of uranium in soil and rock.
It:

  • Is colourless, odourless, and tasteless
  • Enters homes through foundation cracks, slab joints, sump pits, and service penetrations
  • Accumulates in lower levels (basements are highest risk)

Radon is the #1 cause of lung cancer among non-smokers in Canada.

2) Calgary Is a High Radon Area

Health Canada classifies much of Alberta — including Calgary — as high radon potential.

Key facts:

  • Roughly 1 in 6 homes in Alberta test above the recommended limit.
  • Radon levels vary house to house, even on the same street.
  • Newer homes are not immune.

There is no “safe” neighbourhood assumption.


3) Acceptable Levels in Canada

According to Health Canada:

  • Guideline level: 200 Bq/m³
  • If above 200 Bq/m³ → mitigation recommended
  • If above 600 Bq/m³ → urgent action

Testing must be:

  • Long-term (minimum 3 months)
  • Done during heating season (Oct–April ideal)

Short-term tests (48 hours) are less reliable.

The Digital Radon Detector that I use in my home can be purchased here .

https://www.airthings.com/en-ca/products/corentium-home-2-ca

Calgary & Area Market Update for January -2026

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.

Luxury& Executive Homes ($900-1.5m) Best Performers for -2026

Springbank Hill (SW Calgary) – Top luxury demand inside the city.

Discovery Ridge (SW) – Limited supply, natural setting with the Griffin Woods Area.

Aspen Woods ( SW) Proven Luxury strong resale value .

Upper Mount Royal / Elbow Park ( Inner City) Lifestyle Buyers, 2026 Luxury Trend:

Buyers were selective in 2025 ,but quality homes still sold .

Overpriced Luxury Homes still sat on the market longer in 2025 .

Premium lots+ views+renovations= strong sales results.