1️⃣ Market Direction: From Seller’s Market → Balanced / Buyer-Leaning
Calgary’s housing market has transitioned from strong seller-driven conditions into a more balanced environment, with this trend expected to continue through 2026. The shift is not caused by a collapse in demand, but rather supply growth outpacing demand. 2026 CREB Forecast Report
Key drivers:
• New home, resale, and rental supply all increasing
• Migration growth slowing
• Sales returning to long-term averages
This signals normalization, not downturn. 2026 CREB Forecast Report
2️⃣ 2026 Price Forecast by Property Type
Higher-density segments face pressure from increased inventory, while detached and semi-detached homes are expected to remain largely stable. 2026 CREB Forecast Report
3️⃣ Why Supply Is Rising
• 2025 housing starts near record highs
• 26,000+ units currently under construction
• Nearly half of new supply is rental
As completions continue in 2026, inventory levels are expected to remain elevated, limiting price growth. 2026 CREB Forecast Report
4️⃣ Rental Market Cooling
• Vacancy rates rising
• Rent growth slowing
• International migration declining
More rental supply + slower demand = weaker investor momentum, especially impacting the condo segment. 2026 CREB Forecast Report
5️⃣ Economic Backdrop
The economy remains resilient, but no longer in an expansionary surge — contributing to a cooling housing market environment.
CREB® 2026 Forecast Calgary and Region Yearly Outlook Report
— REAB | reab.ca
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