Happy new Year! Calgary is poised for a solid real estate market overall in 2026.
Economically, Calgary’s GDP is expected to grow at a faster pace than the rest of the country at 2.4% ( higher than the national average of 1.3%). Calgary Economic Development’s 2026 forecast attributes Calgary’s diversification particularly in the last 3 years for this increase. There has been significant growth from the tech sector with total employment in this sector alone jumping 61% form 2021-2024 with more than 64,000 jobs created. The Aviation industry has grown with De Havilland and WestJet both committed to significant long term investment in Calgary. This Aviation industry growth is projected to hit $4.73 billion by 2030 with employment increasing by 60%. The emergence of several large data centers just outside of Calgary and around the province is poised to deliver employment and economic growth.
Calgary’s surging population has slowed but we are still experiencing stronger in-migration than most cities which is supporting Calgary’s housing market growth. Tarriff’s have become normalized and softened buyer’s and seller’s initial concerns when first introduced in March which has resulted in a business as usual buying and selling attitude in the real estate market. Whether or not a new West Coast Oil pipeline will become a reality is anyone’s guess, but it at least this is a discussion point federally and it is hard to imagine how Canada can become an energy superpower without Alberta and a new pipeline.
Detached
The detached market remains balanced and well-priced homes continue to sell in bidding wars particularly in the City Centre where inventory remains below long term averages. The $1M Luxury detached segment has been performing well and I have been very active in this segment which remained robust through Christmas and into the New Year.
Semi Detached
The Semi-detached market accounts for less than 10% of all sales activity. Trends for this style of home have been relatively consistent and the market remains balanced.
Apartment/Row
Additional supply is keeping inventory levels high and continuing to put downward pressure on price. Row housing remains relatively balanced, while Apartments reported by far the largest adjustment in price in 2025 with sales declining by 28% compared to near record high levels last year (CREB Jan 2026).
Interest in the Canadian oil patch has picked up again with foreign investors involved in a flurry of recent deals, and Enbridge giving the go ahead to a pipeline expansion to the US Gulf Coast. A recent report by REMAX cites 1 in 10 Canadians plan to purchase a home in the next 12 months with half being first-time home buyers. This will be a segment of the buying market to watch as they are quite optimistic about the coming year economically.
Here in Calgary, well priced listings continue to move quickly, and strong out of province interest will contribute to a solid 2026 housing market. Calgary continues to have one of the strongest dollar for value ratios in the country according to many mortgage brokers. Canmore in particular is still reporting a robust real estate market and Canmore experienced the largest percentage gain in resales last month (higher than 21% from November last year). While most other outlying communities have experienced a rise in inventory and decreased prices, Canmore was the only community in the region that saw a decrease in inventory (down 6%) and a supply of homes for sale that fell nearly 23%. A final note of good news according to the Financial Post is that per capita GDP is on track to post an increase at the end of 2025 for the first time in 3 years.
CURRENT LISTINGS:
#415 8355 19 Avenue SW LISTED AT: $670,000
Stunning top-floor, corner-unit condo offering over 1,100 sq ft of beautifully designed living space, featuring 2 bedrooms, 2 bathrooms.
5712 Layzell Road SW LISTED AT: $680,000
Custom built bungalow in sought-after North Glenmore Park!
COMING SOON:
3614 10 Street SW LISTED AT: $4,500,000 Spectacular luxury Custom Build with exceptional finishing details and design in Elbow Park.
6415 Lombardy Crescent SW LISTED AT: $975,000 Renovated bungalow right next to Earl Grey Golf Course.
RECENT SOLDS:
4235 Britannia Drive SW LISTED AT: $3,650,000 SOLD Represented Seller
1661 St Andrews Place NW LISTED AT: $2,850,000 SOLD Represented Buyer
540 Lake Moraine Green SE LISTED AT: $2,795,000 SOLD Represented Buyer
6729 Leeson Court SW LISTED AT: $1,175,000 SOLD Represented Seller
1731 12 Avenue NW LISTED AT: $1,135,000 SOLD Represented Seller
6304 Crowchild Trail SW LISTED AT: $825,000 SOLD Represented Seller
#2 2411 2 Avenue NW LISTED AT: $700,000 SOLD Represented Buyer
#407 120 18 Avenue SW LISTED AT: $445,000 SOLD Represented Seller
#418 3111 34 Avenue NW LISTED AT: $409,900 SOLD Represented Buyer
#1709 3614 10 Street SW LISTED AT: $299,000 SOLD Represented Seller
#203 1915 26 Street SW LISTED AT: $189,000 SOLD Represented Seller
If you are considering SELLING or BUYING, please call me at: 403-836-1520. I will not only provide you with an in-depth analysis of current market conditions and a current market evaluation for NO OBLIGATION. I will also provide you with excellent customer service, managing your transaction from start to finish.
I look forward to hearing from you!
Karen Fawcett