Newsletter
CALGARY REAL ESTATE BOARD
Detached market tightens while apartments remain oversupplied
Calgary, Alberta, March 2, 2026 – Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer.
“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. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.”
New Blog Post – Planning to Downsize
Chris recently wrote an article titled “Why ‘Someday’ Is the Most Expensive Word When Rightsizing,” which was published in the Lake Bonavista Newsletter.
In it, he discusses a pattern he’s seen repeatedly among long-time homeowners and the adult children helping them: the decision to downsize often isn’t difficult, the timing is.
Slow start for high-density homes
Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes.
“Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this is not entirely uncommon for January, as both buyers and sellers weigh their options ahead of the spring market.”
The long weekend is almost over, but Calgary is still buzzing with activities perfect for families, friends and neighbours to enjoy together. Here’s what’s on tap this Family Day:
🎣 Family Fishing Weekends (License-Free Fishing)
Throughout Alberta, fishing is free (no licen ce required) over the long weekend; a great way to introduce kids to angling and enjoy the outdoors together.
🎶 Family Day at Studio Bell
Experience Canada’s vibrant music history with free admission to Studio Bell, plus interactive exhibits and occasional live moments for all ages.
🐾 The Wildlife Festival
Head to the Nutrien Western Event Centre between 10 am and 5 pm to meet sloths, baby kangaroos, tamandua ant eaters and more at this hands-on wildlife celebration.
🏛️ Free Museum & Historic Site Admission
Several Alberta provincial historic sites and museums are opening their doors free of charge, providing an excellent, budget-friendly way to explore history and culture. The Royal Tyrell Museum and Head-Smashed-In Buffalo Jump are perennial family favourites. (Confirm ahead of time that your destination is taking part!)
Guiding Families Through Life’s Next Move
When most people think of real estate, they imagine buying a first home or upsizing for a growing family. But Chris and his team also have deep expertise in helping seniors—and their families—navigate the transition to homes that better suit their needs.
Chris understands that moving later in life isn’t just about square footage, it’s about safety, accessibility, and maintaining quality of life. From single-level homes to residences with easy access, he helps seniors find spaces that truly work for them.
He also supports the children of aging parents, guiding families through the practical and emotional challenges of finding housing that fits their parents’ needs.
To share his real estate insights more widely, Chris regularly posts on his YouTube channel. His upcoming video focuses on managing the emotions involved in housing decisions for aging parents—a valuable resource for anyone facing this transition.
With Chris’s experience and empathy, seniors and their families can feel confident making thoughtful housing choices.
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Giving Back in Our Community
Recently, we spent an afternoon volunteering at the Veterans Food Bank of Calgary, helping sort donations and stock shelves. What really stood out was how critical support is beyond the holiday season; while donations are generous in November and December, the need remains high for the other 10 months of the year. January through October are especially important to ensure veterans and their families continue to receive consistent support. If you’re looking for a meaningful way to give back this year, ongoing food or monetary donations can make a real difference.