Is It a Good Time to Buy in Calgary in 2026?
Market Trends · Supply Pipeline · Interest Rates
The Calgary housing market forecast points to a continued balanced environment through 2026. Industry expectations from CREB and national brokerages indicate stable, low single-digit price changes rather than the sharp spikes or steep corrections seen in recent years. For prospective buyers, current market data highlights three primary factors that favor entering the market today.
More selection than 2022 to 2024: At 2.84 months of supply city-wide, buyers have access to significantly more inventory and time to make decisions than during previous market peaks. With an average of 30 days on market for detached homes, buyers have a realistic window to complete due diligence without losing properties immediately to competing offers.
Calgary Real Estate Market Update: Key Context
Multifamily and new construction pipeline: The most significant macro factor in the Calgary housing market 2026 is the delivery of new rental construction. Calgary currently has 11,237 rental units under construction, representing 13.1% of existing inventory. This supply influx has pushed overall vacancy up to 8.2% (from 3.0% two years ago), moderating rent growth city-wide. For condo buyers, this rental supply expansion creates softness at the entry level of the ownership market where investor demand has tempered.
Interprovincial migration continues: Calgary’s primary demand driver remains strong. Alberta attracted more interprovincial migrants than any other province throughout 2024 and 2025. The combination of no provincial sales tax (PST), lower housing costs compared to Ontario or BC, and robust employment in energy and tech continues to attract professionals and families. This sustained population growth creates a reliable floor under Calgary home prices 2026.
Rate environment: Current 5-year fixed mortgage rates sit between 4.25% and 4.75% as of July 2026. Following Bank of Canada policy rate adjustments, overall affordability has improved relative to 2023 and 2024 peaks. For qualified buyers, purchasing in a balanced market supported by solid long-term economic fundamentals remains a highly defensible strategy.