Detached market tightens while apartments remain oversupplied. Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer. 

“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,” said Ann-Marie Lurie, CREB®’s Chief Economist. “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.” 

Tighter conditions for detached homes offset the higher supply levels in the apartment condominium sector, leaving citywide conditions relatively balanced at three months of supply and a sales-to-new-listings ratio of 55 per cent. Inventory levels reached 4,822 units in February, with condominiums and row homes representing more than half of all the inventory. At the same time, there were 1,526 sales in February, an 11 per cent decline over last February, mostly due to a sharp pullback in row and apartment sales. 

Typical seasonal patterns tend to drive monthly gains in prices early in the year following the monthly slides reported at the end of the previous year. While February did report monthly benchmark price gains for most property types, prices continued to slide for apartment-style homes. However, monthly gains for lower-density homes offset the pullbacks for apartment units, leaving the total residential benchmark price of $560,500 one per cent higher than January, but still four per cent lower than last year's levels. 

Does this impact your decision to buy or sell? For help navigating Calgary's ever changing real estate market, reach out.

🏡 OPEN HOUSE Sunday Feb 22nd 1-3pm

💰 REDUCED TO $539,000

📍 #2417, 2117 81 Street SW

🛏️ 2 Bedrooms     🛁 2 Bathrooms

#️⃣ MLS A2264631

🔥 Live in style at the Whitney in Springbank Hill near Aspen Landing

Welcome to The Whitney in Springbank Hill! This brand-new, top-floor corner condo offers the perfect blend of modern design, functionality, and convenience, just steps from Aspen Landing’s 50+ shops and services, close to the C-Train and transit, and minutes from 17th Ave SW and downtown. The Madison floor plan features two spacious bedrooms, each with an ensuite, and a bright open concept living area that flows seamlessly to a covered balcony with glass railings, providing park views. The chef-inspired kitchen boasts Samsung stainless-steel appliances, a quartz island with eating bar, and soft-close cabinetry, while practical features include air conditioning, in-floor heating, in-suite washer/dryer, indoor parking (#29) with extra storage, and a private locker (#18), Extensive fire suppression system located throughout the building including the balconies, closets and attic area with Premium sound attenuation assemblies.  With 946 sq. ft. (architectural) /871 sq. ft. (RMS), this home combines style, comfort, and convenience, with walking paths, shops, and restaurants just steps away, offering the ideal mix of city living and natural beauty. Move in ready.

🏡 OPEN HOUSE Sunday Feb 15th 12-2pm

💰 REDUCED TO $539,000

📍 #2417, 2117 81 Street SW

🛏️ 2 Bedrooms     🛁 2 Bathrooms

#️⃣ MLS A2264631

🔥 Live in style at the Whitney in Springbank Hill near Aspen Landing

Welcome to The Whitney in Springbank Hill! This brand-new, top-floor corner condo offers the perfect blend of modern design, functionality, and convenience, just steps from Aspen Landing’s 50+ shops and services, close to the C-Train and transit, and minutes from 17th Ave SW and downtown. The Madison floor plan features two spacious bedrooms, each with an ensuite, and a bright open concept living area that flows seamlessly to a covered balcony with glass railings, providing park views. The chef-inspired kitchen boasts Samsung stainless-steel appliances, a quartz island with eating bar, and soft-close cabinetry, while practical features include air conditioning, in-floor heating, in-suite washer/dryer, indoor parking (#29) with extra storage, and a private locker (#18), Extensive fire suppression system located throughout the building including the balconies, closets and attic area with Premium sound attenuation assemblies.  With 946 sq. ft. (architectural) /871 sq. ft. (RMS), this home combines style, comfort, and convenience, with walking paths, shops, and restaurants just steps away, offering the ideal mix of city living and natural beauty. Move in ready.

🏡 OPEN HOUSE Saturday Feb 7th 12-2pm

💰 REDUCED TO $539,000

📍 #2417, 2117 81 Street SW

🛏️ 2 Bedrooms     🛁 2 Bathrooms

#️⃣ MLS A2264631

🔥 Live in style at the Whitney in Springbank Hill near Aspen Landing

Welcome to The Whitney in Springbank Hill! This brand-new, top-floor corner condo offers the perfect blend of modern design, functionality, and convenience, just steps from Aspen Landing’s 50+ shops and services, close to the C-Train and transit, and minutes from 17th Ave SW and downtown. The Madison floor plan features two spacious bedrooms, each with an ensuite, and a bright open concept living area that flows seamlessly to a covered balcony with glass railings, providing park views. The chef-inspired kitchen boasts Samsung stainless-steel appliances, a quartz island with eating bar, and soft-close cabinetry, while practical features include air conditioning, in-floor heating, in-suite washer/dryer, indoor parking (#29) with extra storage, and a private locker (#18), Extensive fire suppression system located throughout the building including the balconies, closets and attic area with Premium sound attenuation assemblies.  With 946 sq. ft. (architectural) /871 sq. ft. (RMS), this home combines style, comfort, and convenience, with walking paths, shops, and restaurants just steps away, offering the ideal mix of city living and natural beauty. Move in ready.

Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes.

“Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this is not entirely uncommon for January, as both buyers and sellers weigh their options ahead of the spring market.”

The rise in new listings compared to sales caused inventory levels to increase to 4,391 units, the highest January level since 2020. However, as with sales, conditions vary by property type, with row and apartment homes facing higher levels of inventory compared to long-term trends. The result is months of supply that ranges from under three months in the detached sector to five months for apartment-style homes.

Due to declines in the later part of 2025, benchmark prices are lower than levels reported at the start of last year. However, seasonally adjusted figures point to stable levels in January compared to the end of 2025. Nonetheless, year-over-year total residential benchmark prices have declined by nearly five per cent, as steep declines reported in the oversupplied row- and apartment-style homes weighed on total residential prices compared to last year.

🏡 PRICED TO SELL! REDUCED to 💰 $539,000

📍 #2417, 2117 81 Street SW

🛏️ 2 Bedrooms     🛁 2 Bathrooms

#️⃣ MLS A2264631

🔥 Live in style at the Whitney in Springbank Hill near Aspen Landing

Welcome to The Whitney in Springbank Hill! This brand-new, top-floor corner condo offers the perfect blend of modern design, functionality, and convenience, just steps from Aspen Landing’s 50+ shops and services, close to the C-Train and transit, and minutes from 17th Ave SW and downtown. The Madison floor plan features two spacious bedrooms, each with an ensuite, and a bright open concept living area that flows seamlessly to a covered balcony with glass railings, providing park views. The chef-inspired kitchen boasts Samsung stainless-steel appliances, a quartz island with eating bar, and soft-close cabinetry, while practical features include air conditioning, in-floor heating, in-suite washer/dryer, indoor parking (#29) with extra storage, and a private locker (#18), Extensive fire suppression system located throughout the building including the balconies, closets and attic area with Premium sound attenuation assemblies.  With 946 sq. ft. (architectural) /871 sq. ft. (RMS), this home combines style, comfort, and convenience, with walking paths, shops, and restaurants just steps away, offering the ideal mix of city living and natural beauty. Move in ready.