Calgary’s Luxury Real Estate Market Heads into 2026 with Strength and Balance

After several years of strong price growth, Calgary’s real estate market entered a period of transition in 2025, driven by rising supply and easing demand pressures, according to a Calgary Real Estate Board (CREB) report.

While overall activity slowed, the luxury segment remained resilient, highlighting Calgary’s appeal to high-net-worth buyers seeking stability and long-term value.

Total residential sales reached 22,751 units, down 16 per cent from 2024, as more than 40,000 new listings—nine per cent higher than last year—entered the market. Softer demand due to lower migration and economic uncertainty shifted conditions from seller-favoured to more balanced.

Luxury property types continued to outperform. The annual benchmark price was $577,492, down two per cent overall, but detached and semi-detached homes—the heart of Calgary’s luxury market—rose by one and three per cent respectively. Apartments and row homes declined due to the surge in supply.

As Ann-Marie Lurie, CREB®’s Chief Economist, noted in the report, “Adjustments in both supply and demand varied across the city, with pockets of the market continuing to experience seller’s market conditions versus some areas where the conditions favoured the buyer. This resulted in different price trends based on location, price range and property type.”

Heading into 2026, Calgary enjoys healthier inventory levels, giving luxury buyers more choice and negotiating power, while sellers benefit from a more balanced, discerning market. Overall, 2025 marked a reset that reinforced the long-term strength of premium, well-located properties.

Sources:
2025 housing market shifted to more balanced conditions – CREB.com