The first real monthly gain since mid-2024 and twelve days shaved off selling times — but condos are still falling.
In February 2026, Calgary’s benchmark home price was $559,400 — up 1.1% from January, the first meaningful monthly gain since mid-2024, though still 4.6% below February 2025. Sales rose 23.5% on the month to 1,523 while inventory reached 4,829 homes, 16.4% above last February. Supply eased to 3.2 months and a typical home took 42 days to sell, twelve days faster than January. Apartment condos, however, fell to $298,600, down 9.3% year-over-year.
February 2026 at a glance
Calgary’s benchmark rose 1.1% in February 2026 to $559,400 — the first meaningful monthly gain in twenty months. Sales climbed 23.5% to 1,523 and days on market fell from 54 to 42. The seasonal spring pickup had arrived and, for the first time since mid-2024, it was strong enough to move prices. The exception was apartment condos, which fell below $300,000 to $298,600, down 9.3% year-over-year and still carrying 4.6 months of supply.
Calgary prices over time
| Year | Benchmark price | Change on the year |
|---|---|---|
| 2014 | $459,500 | — |
| 2015 | $448,800 | ▼ -2.3% |
| 2016 | $434,100 | ▼ -3.3% |
| 2017 | $433,200 | ▼ -0.2% |
| 2018 | $424,600 | ▼ -2% |
| 2019 | $415,900 | ▼ -2% |
| 2020 | $421,300 | ▲ +1.3% |
| 2021 | $463,900 | ▲ +10.1% |
| 2022 | $518,800 | ▲ +11.8% |
| 2023 | $565,200 | ▲ +8.9% |
| 2024 | $582,100 | ▲ +3% |
| 2025 | $554,700 | ▼ -4.7% |
| 2026 (to February) | $559,400 | ▲ +0.8% |
Sales, listings and inventory
| Month | Sales | New listings | Inventory | Days on market | Benchmark |
|---|---|---|---|---|---|
| March 2025 | 2,156 | 4,018 | 5,153 | 29 | $590,300 |
| April 2025 | 2,230 | 4,037 | 5,868 | 29 | $589,200 |
| May 2025 | 2,559 | 4,840 | 6,744 | 32 | $588,300 |
| June 2025 | 2,284 | 4,223 | 6,944 | 33 | $584,600 |
| July 2025 | 2,096 | 3,911 | 6,919 | 37 | $581,100 |
| August 2025 | 1,986 | 3,477 | 6,659 | 38 | $576,000 |
| September 2025 | 1,716 | 3,782 | 6,919 | 42 | $571,400 |
| October 2025 | 1,879 | 3,232 | 6,472 | 43 | $566,200 |
| November 2025 | 1,547 | 2,251 | 5,587 | 49 | $559,000 |
| December 2025 | 1,123 | 1,219 | 3,873 | 53 | $554,700 |
| January 2026 | 1,233 | 2,785 | 4,395 | 54 | $553,400 |
| February 2026 | 1,523 | 2,766 | 4,829 | 42 | $559,400 |
The headline numbers
| Metric | February 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $559,400 | ▲ +1.1% | ▼ -4.6% |
| Sales | 1,523 | ▲ +23.5% | ▼ -11.4% |
| New listings | 2,766 | ▼ -0.7% | ▼ -2.3% |
| Inventory | 4,829 | ▲ +9.9% | ▲ +16.4% |
| Days on market | 42 | ▼ -12 days | ▲ +9 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt | Months of supply |
|---|---|---|---|---|---|
| Detached | $734,300 | ▼ -3.2% | 734 | 35 | 2.7 |
| Semi-detached | $679,000 | ▼ -0.4% | 174 | 45 | 2.4 |
| Row / townhouse | $424,100 | ▼ -5% | 270 | 44 | 3.3 |
| Apartment condo | $298,600 | ▼ -9.3% | 345 | 54 | 4.6 |
A genuine turn, or a seasonal one?
February is reliably stronger than January in Calgary, so some of this was calendar rather than trend. Days on market falls and sales rise almost every February.
What made this one different is the size. A 1.1% monthly price gain after twenty months of decline, alongside a twelve-day drop in selling times, is a larger move than seasonality alone usually produces. Prices were still 4.6% below last February, so the recovery was from a low base — but the direction had changed.
Condos went the other way
Apartment condos fell to $298,600, below $300,000 for the first time since early 2022, down 9.3% year-over-year — the steepest annual decline of any segment at any point in this data.
The divergence was stark. Detached homes were down 3.2% year-over-year and semi-detached just 0.4%, while condos fell more than 9%. Condo supply at 4.6 months against 2.7 for detached explains most of it: the segment still had substantially more sellers than buyers.
Supply stopped growing
Inventory of 4,829 was up 16.4% year-over-year, down from 75.9% in February 2025. New listings actually fell 2.3% on the year.
That deceleration matters more than the level. The flood of listings that rebalanced Calgary through 2024 and 2025 had largely run its course — the locked-in owners who were going to sell had mostly sold. If demand recovers from here against a supply pipeline that is no longer growing, the market can tighten quickly.
What this meant if you were buying
February was the point at which the balance of risk started shifting back. Still an excellent market for buyers — 42 days, 3.2 months of supply, prices below last year — but no longer one where waiting was obviously free.
The segment choice mattered more than ever. Detached homes were stabilising and near a floor, while condos at 4.6 months of supply and falling 9.3% a year still had room to soften. Buyers who wanted a condo had time; buyers who wanted a house had rather less than they did in January.
Frequently asked questions
Detached stabilising, condos still soft?
Which segment you’re shopping changes the whole calculation right now. Let’s talk through what fits.
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Source: CREB, February 2026 (City of Calgary geography). Prices shown are benchmark (HPI) values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
