What is the benchmark home price in Calgary?

The benchmark home price in Calgary was $565,600 in March 2026, up about 1% from February but down more than 4% year-over-year.

Is Alberta a buyer''s or seller''s market?

Alberta''s market conditions vary by property type. In Calgary, detached homes remain in a seller''s market with about 2 months of supply, while apartments favour buyers with nearly 5 months of supply. Edmonton is shifting toward balanced conditions.

Which Alberta cities are most affordable?

Edmonton (avg $454,801), along with smaller cities like Red Deer, Grande Prairie, and Fort McMurray, offer significantly more affordable housing than Calgary (benchmark $565,600) as of early 2026.

Alberta Housing Market Report 2026

Alberta’s housing market is seeing divergent conditions by property type heading into spring 2026. Calgary’s total residential benchmark price was $565,600 in March — down more than 4% year-over-year — while Edmonton’s benchmark sat at $419,600 in February, down 2.1%. Sales activity has slowed across the province, with Calgary recording 1,881 transactions in March (-13% YoY) and Edmonton 1,606 in February (-11.5%). Market conditions range from tight for detached homes to clearly favouring buyers in the apartment segment.

Key statistics — Calgary (March 2026)

Metric	Value	Month-over-Month	Year-over-Year
Benchmark Price	$565,600	+~1%	-4%+
Detached Benchmark	$741,300	N/A	-3%
Semi-Detached Benchmark	$686,100	N/A	-1%
Row Benchmark	$423,900	N/A	-6%+
Apartment Benchmark	$300,300	N/A	-9%+
Total Sales	1,881	N/A	-13%
Q1 2026 Sales	6,105	N/A	-11.3%
Market Condition	Varies by type	N/A	N/A

Key statistics — Edmonton (February 2026)

Metric	Value	Month-over-Month	Year-over-Year
Average Price	$454,801	+1.4%	+1.5%
Benchmark Price	$419,600	+0.9%	-2.1%
Total Sales	1,606	+39.7%	-11.5%
New Listings	3,020	+23.6%	+15.4%
Inventory Change	N/A	+11.4%	+34.6%
Q1 2026 Sales	5,253	N/A	-16.8%
Market Condition	Shifting to balanced	N/A	N/A

Calgary benchmark prices by property type (March 2026)

Property Type	Benchmark Price	YoY Change	Months of Supply
Detached	$741,300	-3%	~2
Semi-Detached	$686,100	-1%	~2.5
Row/Townhouse	$423,900	-6%+	~3
Apartment	$300,300	-9%+	~5

Edmonton average prices by property type (February 2026)

Property Type	Average Price	YoY Change
Detached	$571,372	+1.1%
Semi-Detached	$441,958	+4.8%
Row/Townhouse	$307,526	+2.3%
Apartment	$212,133	-1.4%

Market conditions

Alberta’s market conditions vary significantly depending on property type and location as of early 2026. In Calgary, detached homes remain in tight supply with about two months of inventory and a sales-to-new-listings ratio of 61% in March, while apartment condominiums sit at nearly five months of supply with an SNLR around 40% — clearly a buyer’s market. Row homes and semi-detached properties fall in between, with roughly balanced conditions.

Edmonton is shifting toward more balanced territory across all segments. Detached homes had 2.8 months of supply in Q1 2026 (up from 2.0 a year earlier), townhouses 2.7 months (up from 1.4), and apartments 3.8 months (up from 2.8). Rising inventory — up 34.6% year-over-year in February — is the primary driver.

“When considering total residential housing statistics, conditions appear to be relatively balanced as sales, new listings, inventories and prices all trended up over the previous month as we start to move into the spring market,” said Ann-Marie Lurie, CREB’s Chief Economist. “However, when we look deeper, we are seeing a market that ranges from tighter conditions for detached homes to the apartment sector, where conditions tend to favour the buyer.”

Regional analysis

Calgary remains Alberta’s highest-priced market with a total residential benchmark of $565,600 in March 2026. Despite the year-over-year decline of more than 4%, tight conditions in the detached segment — where limited supply below $700,000 keeps competition intense — are supporting upward monthly momentum for lower-density homes. Apartment prices continue to slide, dropping another 3% in Q1 compared to Q4 2025, driven by record-high inventory levels approaching the 2008 peak.

Edmonton offers significantly more affordable entry points, with an average sale price of $454,801 in February 2026 (+1.5% YoY). Average prices for detached homes ($571,372) and semi-detached ($441,958) continue to rise, while apartments ($212,133) have softened slightly. Edmonton’s Q1 2026 sales of 5,253 were down 16.8% from a year ago, a steeper decline than Calgary’s 11.3%.

Regional communities around Calgary show mixed results. Airdrie’s benchmark was $512,800 in March, more than 5% below last year. Cochrane reported $561,200, down 4% year-over-year. Okotoks was more resilient at $618,100, with only a modest year-over-year decline of about 1%.

For detailed city-level data, see the individual city reports linked below.

Key trends

Divergent conditions by property type — Detached homes remain tight with ~2 months of supply in Calgary, while apartments approach buyer’s market territory with ~5 months.
Year-over-year price declines — Calgary’s total benchmark fell 4%+ and Edmonton’s benchmark declined 2.1%, driven primarily by apartment and row segments.
Sales well below trends — Calgary March sales of 1,881 were 13% below last year and below long-term averages. Edmonton Q1 sales fell 16.8%.
Apartment oversupply building — Calgary apartment inventory of 1,774 units neared the record high set during the 2008 financial crisis. New supply from record-high apartment starts in 2025 is adding pressure.
Detached prices showing resilience — Monthly price gains for detached homes, particularly in Calgary’s West and City Centre districts, suggest the bottom may be forming for lower-density housing.
Edmonton inventory surging — Active listings rose 34.6% year-over-year in February, shifting conditions firmly toward balanced territory.

Housing affordability

Alberta remains one of Canada’s more affordable major provinces. Calgary’s benchmark of $565,600 requires an estimated annual household income of approximately $132,000 to purchase with a 20% down payment. Edmonton is significantly more accessible — with an average of $454,801, the income requirement drops to roughly $108,000.

Edmonton’s detached homes average $571,372, while apartments at $212,133 offer one of the most affordable urban entry points in the country. Calgary’s apartment segment at $300,300 benchmark also provides a relatively affordable option, though the 9%+ year-over-year price decline suggests further softening may lie ahead.

Use our mortgage affordability calculator to see how much you can afford, or try the income to afford home calculator to estimate the salary needed at Alberta price levels.