Calgary Inner City Real Estate Market Report - January 2026
The Inner City Calgary real estate market entered 2026 in a clearly balanced and more disciplined state. January activity reflects a market where buyers are deliberate, inventory levels vary meaningfully by housing type, and pricing accuracy has become the defining factor in outcomes. While some segments are showing early signs of stabilization, year-over-year pricing remains under pressure across most property types, reinforcing a market driven by selection rather than urgency.
Buyer leverage is most pronounced in higher-density segments, while ground-oriented homes continue to show comparatively stronger resilience. Sellers who align pricing and positioning with current conditions are still achieving solid results, but the margin for error has narrowed significantly.
Single Family Homes (Detached)
Detached homes in the City Centre are operating in balanced conditions. Sales activity remains steady relative to available inventory, and months of supply indicate neither strong buyer nor seller dominance. Pricing has softened modestly on both a month-over-month and year-over-year basis, reflecting increased buyer caution rather than a lack of demand.
Well-located and properly priced detached homes continue to attract interest, but buyers are taking more time and negotiating more carefully than in prior years. Overpricing is now more likely to result in longer exposure and price adjustments.
|
|
Jan 2026 |
Dec 2025 |
Jan 2025 |
MoM % Change |
YoY % Change |
|
Sales |
72 |
59 |
76 |
+22.03% |
-5.26% |
|
New Listings |
159 |
50 |
167 |
+218.00% |
-4.79% |
|
Inventory |
230 |
192 |
220 |
+19.79% |
+4.55% |
|
Months of Supply |
3.19 |
3.25 |
2.89 |
-1.85% |
+10.38% |
|
Benchmark Price |
$932,300 |
$946,800 |
$954,700 |
-1.53% |
-2.36% |
|
Avg DOM |
44 |
60 |
38 |
-26.67% |
+15.79% |
Half Duplexes (Semi-Detached)
Semi-detached homes remain one of the most stable segments in the City Centre market. Inventory levels are reasonable, and pricing has held relatively firm compared to other housing types. Demand remains consistent, particularly for newer infill and well-designed properties.
While buyers have more choice than in previous years, this segment continues to benefit from a strong value proposition, offering many of the advantages of detached living at a lower price point. Correct pricing remains essential, but market conditions here are among the healthiest in the Inner City.
|
|
Jan 2026 |
Dec 2025 |
Jan 2025 |
MoM % Change |
YoY % Change |
|
Sales |
24 |
29 |
38 |
-17.24% |
-36.84% |
|
New Listings |
73 |
24 |
73 |
+204.17% |
0.00% |
|
Inventory |
105 |
76 |
102 |
+38.16% |
+2.94% |
|
Months of Supply |
4.38 |
2.62 |
2.68 |
+67.18% |
+63.43% |
|
Benchmark Price |
$919,300 |
$924,500 |
$926,600 |
-0.56% |
-0.93% |
|
Avg DOM |
58 |
54 |
39 |
+7.41% |
+48.72% |
Row Homes / Townhomes
Row homes are facing the highest supply pressure among ground-oriented housing types. Elevated months of supply have shifted negotiating leverage toward buyers, and overall conditions remain competitive for sellers.
That said, a notable month-over-month price increase suggests that demand still exists for well-positioned and well-priced units. This is a selective market: properties that meet buyer expectations are selling, while others face longer timelines and increased competition.
|
|
Jan 2026 |
Dec 2025 |
Jan 2025 |
MoM % Change |
YoY % Change |
|
Sales |
16 |
25 |
30 |
-36.00% |
-46.67% |
|
New Listings |
68 |
22 |
63 |
+209.09% |
+7.94% |
|
Inventory |
106 |
69 |
71 |
+53.62% |
+49.30% |
|
Months of Supply |
6.63 |
2.76 |
2.36 |
+140.22% |
+180.93% |
|
Benchmark Price |
$583,800 |
$567,000 |
$604,500 |
+2.96% |
-2.94% |
|
Avg DOM |
36 |
60 |
26 |
-40.00% |
+38.46% |
Apartments
Apartments continue to be the weakest segment of the City Centre market. Inventory levels remain elevated, and months of supply indicate clear buyer-favouring conditions. Benchmark prices are down year over year, highlighting sustained pricing pressure.
However, a small month-over-month price increase suggests the rate of decline may be slowing. Buyers remain highly selective, and sellers are competing heavily on price, condition, and differentiation. Only units that stand out in location, layout, or finish are moving efficiently.
|
|
Jan 2026 |
Dec 2025 |
Jan 2025 |
MoM % Change |
YoY % Change |
|
Sales |
115 |
114 |
151 |
+0.88% |
-23.84% |
|
New Listings |
320 |
137 |
405 |
+133.58% |
-20.99% |
|
Inventory |
584 |
515 |
563 |
+13.40% |
+3.73% |
|
Months of Supply |
5.08 |
4.52 |
3.72 |
+11.73% |
+36.56% |
|
Benchmark Price |
$309,600 |
$308,400 |
$340,500 |
+0.39% |
-6.44% |
|
Avg DOM |
69 |
56 |
53 |
+23.21% |
+30.19% |
Conclusion
The Inner City Calgary market has fully transitioned into a measured, segmented environment. January 2026 data reinforces that success is no longer driven by timing alone, but by strategy. Ground-oriented homes — particularly detached and semi-detached properties — are holding up well in balanced conditions, while apartments and row homes continue to face greater competitive pressure.
Buyers who remain patient and disciplined are finding opportunities, especially in higher-supply segments. Sellers who price realistically and present their properties strategically are still achieving strong outcomes, while those anchored to past market conditions risk extended selling timelines.
If you’re considering buying or selling in Inner City Calgary, understanding how these conditions apply to your specific property type is critical. A tailored, data-driven approach has never been more important.
