Calgary housing market holds steady, condo prices fall: report

Royal LePage says in its Q1 2026 report that Calgary is in a stable market, but condos are still a hard sell in the city.

Calgary’s housing market is holding steady, but new data shows a clear split depending on what type of home you’re buying.

According to the latest Q1 2026 report from Royal LePage, the aggregate price of a home in Calgary is virtually unchanged from a year ago, down just 0.5 per cent to $689,100.

On a quarterly basis, however, prices have edged higher, rising 1.1 per cent since the start of the year.

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Breaking it down by housing type, the median price of a single-family detached home rose 0.8 per cent year over year to $806,500.

In contrast, the median price of a condominium fell 4.5 per cent to $257,100 over the same period.

“Calgary is experiencing a tale of two markets this spring, with notably different conditions across property types,” notes Corinne Lyall in the report, a broker and owner at Royal LePage.

The report points to a tighter supply in the detached segment and rising inventory in the condo market.

Royal LePage says fewer new detached home listings are creating more competitive conditions, while increased supply and softer demand are giving condo buyers more choice.

The company says growing competition from purpose-built rentals is also influencing buyer decisions and extending the time it takes to weigh renting versus buying.

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While migration to Calgary continues, Royal LePage says it has moderated compared to recent years, contributing to softer overall sales activity.

“Looking ahead, I expect a relatively balanced spring market overall, but with clear differences between the various property types,” added Lyall. “Detached homes are likely to see tighter conditions and potential price growth if supply remains constrained, while the condo market will continue to offer more selection, with some downward pressure on prices as buyers take a more measured approach.”

Royal LePage is forecasting Calgary home prices will rise a total of 1.5 per cent by the end of 2026.