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Friday Feb 6, 2026
Calgary Real Estate Market Watch — Supply Is Tight Where It Counts
Calgary is sitting at 3.0 months of supply overall, which keeps the market firmly tilted toward sellers — but only in the right price bands. With 3,961 active listings and 1,339 sales in the past 30 days, demand hasn’t slowed, it’s simply more selective. Buyers who know their segment are moving decisively, while sellers who miss the pricing mark are getting ignored.
The real action continues between $400K and $800K, where detached homes dominate sales and townhomes quietly absorb inventory. Condos remain the volume play with lots of choice, but price sensitivity is sharp. This is not a “one-market” city — it’s several markets running at different speeds.
Detached Homes — Still the Backbone of Calgary Real Estate
Detached homes remain the engine driving Calgary’s market, posting 685 sales against 1,553 active listings, a strong 44% absorption rate. The $400K–$700K range is moving like a conveyor belt, with multiple brackets seeing over 60% of listings sold in just 30 days.
Even the upper end is holding together better than expected for early February. Above $900K, homes are still selling — just not forgiving sloppy pricing. Sellers who price near reality get traction. Buyers who hesitate miss opportunities. Detached homes continue to reward decisiveness.
Condo Market — Selection Is High, Patience Is Required
Condos tell a very different story. With 1,346 active listings and 298 sold, absorption sits at 22%, giving buyers plenty of leverage. The strongest condo demand remains in the $100K–$300K range, where affordability and rental demand intersect.
Above $500K, the market thins quickly and pricing precision matters more than presentation. This is a market where buyers win by being selective — and sellers win only by being competitive. Condos are not broken, but they are unforgiving to optimism.
Townhomes — Keeps Overperforming Expectations
Townhomes continue to quietly outperform expectations with 224 sales on 692 listings, posting a healthy 32% absorption rate. The sweet spot is clear: $300K–$500K, where demand stays consistent and buyers see value compared to detached pricing.
Once prices push north of $700K, momentum drops sharply unless the property is exceptional. Townhomes remain Calgary’s affordability pressure valve — the step-up option when detached feels just out of reach but condos feel too small.
What This Time of Year Means for Buyers, Sellers, and Investors
February markets reward people who show up prepared. Buyers face less competition but must act quickly when the right property appears. Sellers deal with fewer showings — but more serious ones — making pricing accuracy non-negotiable.
For investors, this is reconnaissance season. The best spring deals are found by tracking absorption rates, not headlines. The winners are the outliers — properties priced below trend, below their segment, or below seller patience. Calgary always offers them… if you know where to look.
