Calgary's housing market showed signs of cooling in March, with total home sales falling roughly 13 per cent compared to the same month last year, according to the Calgary Real Estate Board (CREB).
A total of 1,881 homes changed hands in the city last month — down from the brisk pace recorded in March 2025 — as the residential benchmark price slipped four per cent year-over-year to $565,600.
Condos Leading the Pullback
The sharpest declines were felt in the apartment and row-home segments. Apartment-style properties saw prices fall roughly nine per cent year-over-year, while row homes dropped about six per cent. Semi-detached homes were relatively stable, down just under one per cent, and detached homes — the most in-demand segment — saw prices ease just over three per cent.
CREB chief economist Ann-Marie Lurie noted the market is far from uniform across property types.
"The market ranges from tighter conditions for detached homes to a buyers' market for apartment-style properties," Lurie said.
Supply Up, New Listings Down
Despite the sales slowdown, overall inventory climbed nearly five per cent year-over-year, reaching 5,395 homes available for sale across the city. New listings, however, told a different story — at 3,409, they were down 15.2 per cent compared to a year ago.
Analysts point to a combination of factors behind the shift: increased housing supply built up over the past year, along with a moderation in interprovincial and international migration that had previously driven fierce demand in Calgary's market.
What It Means for Buyers and Sellers
For prospective buyers — particularly those eyeing condominiums or townhomes — the data suggests more negotiating room than Calgary has seen in several years. Sellers of detached single-family homes, meanwhile, continue to operate in a comparatively tighter environment with less competition and relatively stable prices.
Calgarians tracking local home prices, neighbourhood benchmarks, and real estate trends can find detailed property data and listings at CalgaryFinder.com, which offers comprehensive Calgary neighbourhood guides and market information.
The full March 2026 statistics are expected to be reviewed by market watchers as a potential indicator of how Calgary's spring real estate season will unfold amid ongoing economic uncertainty and shifting trade dynamics with the United States.
Source: CBC Calgary. This article is based on reporting originally published by CBC Calgary.