Calgary home prices expected to increase in 2026: report

Royal LePage is forecasting modest price increases in Calgary, despite the city staying as a balanced market for 2026.

The Calgary housing market is expected to see modest price gains while remaining consistent and balanced next year, says a market forecast.

Royal LePage’s 2026 market survey found the aggregate price of a home by the fourth quarter of 2026 is expected to be $701,061 – 1.5 per cent more expensive than in 2025.

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The median price of a detached single-family home is also expected to be more expensive, jumping three per cent to $828,429.

Condo units are also expected to be more expensive, Royal LePage said, inching up by one per cent to $265,832.

“Calgary’s housing market is expected to remain consistent and balanced through next spring, with sales activity improving and home prices increasing modestly in 2026, driven by strong demand for detached homes,” said Corinne Lyall, broker and owner, Royal LePage Benchmark, in a news release.

“Consumer confidence remains strong in Calgary, with most sidelined buyers simply waiting for clarity on where interest rates will land, or choosing to resume their search after the winter season.”

Calgary a balanced market: report

In the shorter term, other reports suggest conditions are perfect for buyers and sellers as the supply and demand for homes are equalizing.

Zoocasa says Calgary is one of those balanced markets where, after experiencing a notable slowdown in 2025, it shifted from a seller’s market, where supply was outpacing demand by a larger than 60 per cent ratio.

“Having been a hot seller’s market for some time, this decline below the 60 per cent threshold marks a notable cooling period. Buyers are now gaining more negotiating power than they have had in recent years,” the company said in a news release.

Another one of the reasons for the shift is more new inventory being added in the city.

Zoocasa cited a report from the Calgary Real Estate Board, which said that those gains are mainly in higher-density homes like row and apartment-style units.

Royal LePage said in its forecast that home prices are also expected to increase in other Canadian markets such as Edmonton, Halifax, Winnipeg, Ottawa, Montreal and Quebec City.

In the country’s most expensive markets – Vancouver and Toronto – the aggregate price of a home is expected to decrease 3.5 per cent to $1,147,868, and 4.5 per cent to $1,054,129, respectively, year-over-year.