February 2026: What Buyers & Sellers Need to Know
By Chris Marshall, RE/MAX House of Real Estate | Published March 2026 | Source: CREB® February 2026 Statistics Package
February's Calgary real estate data tells a tale of two markets. If you're shopping for a detached home (especially under $700,000) you're dealing with tight competition and limited inventory. If you're considering a condo, you'll find yourself firmly in buyer's territory with more choice and more room to negotiate. Understanding where your property type and neighbourhood sits in this split market is the key to making smart decisions right now.
Here's everything you need to know about February 2026, broken down by property type, Calgary district, and surrounding communities including Airdrie, Cochrane, Okotoks, and Chestermere.
Calgary Market Overview for February 2026
The overall Calgary market sits at roughly three months of supply, the textbook definition of balanced conditions. But that citywide number masks the real story happening underneath.
"Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction." Ann-Marie Lurie, CREB® Chief Economist
Total residential sales came in at 1,526 units in February, an 11% decline from the same month last year, driven largely by a pullback in row and apartment sales. Total inventory reached 4,822 units, up 16% year-over-year, with condominiums and row homes accounting for more than half of all available listings.
The citywide benchmark price sits at $560,500. Up 1% from January but still 4.4% below February 2025 levels.
February 2026 Benchmark Prices by Property Type
Detached Homes: A Tight Market, Especially Under $700K
Detached homes remain the most competitive segment in Calgary. With 736 sales and 1,269 new listings, the sales-to-new-listings ratio held at 58% and months of supply stayed under three months citywide.
The story is very different depending on where you look. The West district is the tightest in the city at under two months of supply, meaning well-priced detached homes there are moving fast. In fact, the West and City Centre were the only two districts to see benchmark prices rise both month-over-month AND year-over-year.
Detached benchmark price: $734,300: up 1.4% from January, down 3.2% year-over-year.
For detached homes priced below $700,000, supply is critically tight. If you've been waiting to list in this range, February data suggests you're entering a favourable window.

Semi-Detached Homes: The Tightest Segment in the City
Semi-detached properties reported the tightest conditions of all four property types, with just 2.4 months of supply, the lowest reading across the market. Sales improved to 175 units while new listings held at 253.
Semi-detached benchmark price: $682,200 Up over 2% from January. Essentially flat year-over-year at -0.4%.
Strong performers this month: City Centre, NW, and West districts all reported year-over-year price gains. The North East and East districts continued to see price softness.
Row Homes: Stabilizing After a Difficult Few Months
Row homes are in a more interesting spot. After a spike in new listings in January, supply levels moderated in February, dropping from over four months of supply back to just over three. Sales picked up to 270 units, and the market is showing signs of stabilizing.
Row benchmark price: $423,600 Up slightly from January but still 5% below last February's levels.
Worth noting: if you're looking at row homes in the North East or East districts, prices there have dropped more than 10% year-over-year. The West and City Centre have held up considerably better, down only slightly from last year.
Apartment Condos: Buyer's Market Territory
This is where the most significant market shift is happening. Apartment condos are clearly in a buyer's market, and the numbers reflect that.
With 1,580 units in inventory and only 345 sales, months of supply sits at over 4.5 months. The apartment benchmark price dropped to $298,600 nearly 1% below January and over 9% below February 2025.
The cause is supply-driven: Calgary saw record apartment construction starts last year, and nearly 18,000 units are currently under construction. While many are targeted for rental, this is putting meaningful pressure on condo ownership prices.
The contrast by district is stark. The North East has over 11 months of supply (deeply oversupplied) while the South district is closer to four months and showing more stability.
If you're a first-time buyer or investor considering a condo, this is the most favourable buying environment we've seen in several years. Sellers of apartment condos, however, should price carefully and present the property exceptionally well.
SE Calgary Snapshot: What This Means for Your Neighbourhood
For buyers and sellers specifically in SE Calgary this is what this market means for you:
Detached homes in SE Calgary's South and SE districts: 2.1–2.3 months of supply. Still a relatively balanced-to-tight market, especially under $700K.
SE district detached benchmark: $689,000 down 5.4% year-over-year but up 0.7% from January. Monthly momentum is returning.
South district condos: approximately 3.5 months of supply, one of the more balanced condo markets in the city.
Row homes in SE: 2.9 months of supply. Reasonably balanced, less pressure than other districts.
Surrounding Area Report: Airdrie, Cochrane, Okotoks & Chestermere
If you're considering a move outside Calgary's city limits, each surrounding community is telling its own story this February.
Regional Benchmark Prices for February 2026
Airdrie
Airdrie recorded 122 sales against 236 new listings, pushing months of supply to 3.3 (balanced territory). The benchmark price is $512,200, still 5.4% below last February. Competition from new construction and expanded supply in the broader region has weighed on prices. That said, balanced conditions mean it's a reasonable time to buy or sell without the extreme pressure seen in other recent years.
Cochrane
Cochrane showed improvement this month, with sales gains helping bring the market into balance at 3.1 months of supply. The benchmark price of $553,500 is slightly above January but 3.3% below last year, mostly due to softness in the latter half of 2025. Cochrane remains an attractive option for buyers looking for more space at a lower price point than Calgary proper.
Okotoks
Okotoks is arguably the strongest market in the region right now. Inventory remains well below long-term trends, months of supply sits at just 2.7, and the benchmark price of $612,300 is essentially flat year-over-year, a sign of resilience compared to most other markets. Buyers looking here should expect competition and move quickly on well-priced properties.
Chestermere
Chestermere is the outlier in the region, with 6.8 months of supply, clearly a buyer's market. Only 31 sales came through in February against 110 new listings. The benchmark price of $703,700 is nearly flat year-over-year (+0.2%), but the volume of new listings is creating opportunity for buyers who have been priced out of comparable properties inside Calgary.
What Does This Mean For You?
If You're Buying a Home in Calgary
Your biggest factor right now is property type. Chasing a detached home under $700K? Expect competition, limited selection, and the need to move decisively. Shopping for a condo? You're in the driver's seat, negotiate confidently, take your time, and don't overlook the value available in the $250–$350K range.
If You're Selling a Home in Calgary
Detached and semi-detached sellers are in a relatively strong position, particularly in the West, City Centre, and SE districts. Condo sellers need to be realistic: the market has more supply than buyers right now, and price and presentation matter more than ever. Overpriced condos are sitting; well-priced, well-presented condos are still moving.
If You're Watching the Market From the Sidelines
The spring market typically brings renewed buyer activity. Given current inventory levels, we'd expect to see a pickup in sales through March and April. If you're planning to buy this year, getting pre-approved now and starting your search in early spring puts you in a position to move quickly when the right property comes up.
Have questions about what this market means for your specific situation?
Whether you're buying or selling in Calgary, Chestermere, Langdon, Bragg Creek, Priddis, Okotoks, or Airdrie I'm happy to walk you through exactly what this data means for your home or your search. Reach out anytime for a no-pressure conversation.
📞 403-585-5362 | chrismarshallrealtor@gmail.com | www.chrismarshallrealtor.com

Data sourced from CREB® February 2026 Calgary Monthly Stats Package and CREB® February 2026 Regional Monthly Stats Package. The trademarks MLS®, Multiple Listing Service® and associated logos are owned by The Canadian Real Estate Association (CREA). Data deemed reliable but not guaranteed.






















