Happy New Year!

Big news: the Calgary Weekly Update has evolved, kind of like when your favourite restaurant quietly upgrades the menu, but keeps all the good parts.

Welcome to the very first edition of YYC Housing Pulse: your once-a-week cheat sheet for what’s happening in Calgary real estate, minus the jargon and doom-scrolling.

Why the upgrade? Because Calgary’s housing market moves fast, and we wanted to give you something that’s:

Think of this as your inside track on Calgary housing, the stuff that actually matters each week, explained simply.

No fluff. No filler. Just the market, decoded.

We’re glad you’re here for the first issue. Now, let’s jump in!

What This Means: Don't let the drop in active listings fool you; that's just the usual January 1st cleanup of listings that expired at the end of the year.

The real story is the big jump in sales and pending deals, which shows buyers are back from their holiday hibernation. That high 'days on market' number? It's a hangover from the slow December pace, and we expect it to drop as activity ramps back up.

If you’ve been following Calgary real estate over the past year, the current market won’t feel shocking. After the chaos of 2022-2024, where bidding wars were the norm, 2025 marked a clear slowdown. Sales cooled, inventory climbed, and prices softened. As we move into 2026, that same theme is very much in place, with December sales down 14.2% from the previous year, confirming the shift away from the intense seller's market we knew.

Inventory remains elevated, largely because new supply delivered throughout 2025 continues to sit on the market. This is especially true for semi-detached homes, where inventory jumped 55%, and row homes, which saw a 37% increase. Translation: buyers have real options again, particularly if they are looking for something other than a detached house.

Prices adjusted throughout 2025 as supply outpaced demand, with the city-wide average total residential benchmark price of $577,492, 2% lower than last year’s annual average. But that number doesn't tell the whole story.

The more affordable apartment sector saw the largest price correction, falling 7.4%, while detached homes proved most resilient, dipping only 2.6%. This shows that while the overall market has cooled, the classic detached home is still holding its value relatively well.

This price softening hasn’t been uniform across the city, either. The NE saw the largest pullback (down 8.3%) after leading the city in price growth for the past two years. The East district wasn't far behind, with a 7.6% decline. Meanwhile, the pricier NW and West districts remained relatively stable. It’s the same city, but very different micro-markets at play.

For now, the story isn’t about what might happen next. It’s about understanding the market we’re already in: higher inventory, slower sales, and a more balanced environment than Calgary has seen in years. This isn't a temporary blip; it's the new normal.

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Graham’s Take:

“Happy New Year! The biggest question we're getting is what to expect from the market in 2026, and my two words for this year are: stable and balanced.

After years of an intense seller's market, we're returning to a more normal environment—one we haven't seen since before the pandemic. This shift, which began in the last half of 2025, is a good thing for both buyers and sellers, as it brings more predictability back to real estate. While inventory levels are expected to rise, good demand will keep the market balanced.”