Is Calgary’s Housing Market Cooling? February Numbers Explained

Is Calgary’s Housing Market Cooling? February Numbers Explained

Ebru Tutkuner | REALTOR® | (403) 607-4572

As Calgary moves closer to the spring real estate season, February’s numbers offer an early signal of where the market may be heading.

Inventory is beginning to rise, competition is easing compared to the past few years, and both buyers and sellers are adjusting to a market that is gradually becoming more balanced.

Rising Inventory Signals a Shift Toward a More Balanced Market

The biggest shift in February is inventory.

Even with slightly fewer new listings, homes are staying on the market longer, giving buyers more choice and easing some of the intense competition seen in recent years.

What This Means Going Forward?

The takeaway is simple: The market remains active, but buyers are becoming more selective.

The coming months will reveal whether rising inventory continues to ease the market or if stronger spring demand absorbs the new listings.

City Snapshot: Benchmark Prices by District

Calgary is not moving as a single market. Conditions and opportunities can vary significantly across the city, making local market insights more important than ever for buyers and sellers.

Highest benchmark prices

  • West: $706,900
  • North West: $618,100

Mid-range markets

  • City Centre: $563,900
  • South: $565,200
  • South East: $544,600

More affordable segments

  • North: $523,300
  • North East: $471,200
  • East: $402,200

Thinking about a move this year?

Whether your move is planned for spring, later in 2026, or still just a possibility, clarity now makes everything easier later.

If you’d like to talk through your options, I’m always happy to help.

Book a strategy call or simply reply to this email and let me know what you’re thinking through.

Warm regards,
Ebru Tutkuner


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