According to CREB (the Calgary Real Estate Board), our city's housing market in April 2026 is largely settling into balanced territory—unless you're looking at apartments.

While we saw the usual springtime bump in both sales and inventory, total sales for April hit 2,104 units, which is actually a 6% drop compared to 2025. Ann-Marie Lurie, CREB’s Chief Economist, pointed out in the report that this cooling off was expected. With the recent slowdown in rapid migration, buyer demand has eased up. Because people have more housing options to choose from now, buyers aren't feeling the same intense pressure, effectively shifting us out of a strong seller's market and into a more balanced one.

Overall, the citywide benchmark price nudged up to $568,800, mostly thanks to the spring rush, though it's still sitting about 3% lower than last April.

Here is how CREB breaks down the different types of properties and surrounding regions:

Detached Homes Even though the broader market is balancing out, CREB notes that detached homes are still facing a supply shortage. Inventory crept up slightly to 2,468 units, but that's still below historic norms. With only about two months of supply available, this tighter market pushed the benchmark price up to $745,400. Interestingly, it really depends on your neighborhood: the North West, West, and South are still firmly in seller's market territory with rising prices, while the North East actually favors buyers and saw prices drop 8% compared to last year.

Semi-Detached The CREB data shows this segment is sitting comfortably in the balanced zone. Sales and new listings are keeping pace with last year's numbers. The benchmark price climbed to $690,000, almost entirely making up for the dips seen over the past year. Similar to detached homes, prices rose in almost every district in April, with the East and North East being the exceptions due to higher supply.

Row Houses Row houses are following typical seasonal trends. However, the blog highlights that sales have pulled back faster than new listings have this year. This has pushed inventory slightly higher than last year, giving buyers about three months of supply to pick from. Price trends are a mixed bag depending on the district: the West saw the smallest dip (under 2%), while the North East took the biggest hit with prices dropping over 11%.

Apartment Condominiums If you're an apartment buyer, CREB’s numbers show you are in luck. This segment is undeniably a buyer's market right now. Inventory has ballooned to 1,920 units—a massive 27% above long-term averages. With over four months of supply sitting on the market, prices aren't facing any upward pressure. The benchmark price is $301,400; while slightly better than March, it's still down nearly 9% from last year, with the sharpest declines happening in the North East, East, North, and South East.

Surrounding Regions

• Airdrie: Sales are down about 12% for the year, but CREB reports they are still normal by historical standards. With just over three months of supply, the market is balanced. The benchmark price sits at $516,700—up slightly from last month but still 5% lower than last April.

• Cochrane: Things are a bit tighter here. Sales are up 6% for the year, and a dip in new April listings brought supply down below three months. According to the CREB blog, this tighter market pushed the benchmark price up to $569,200, recovering some ground but still sitting 3% below last year's figures.

• Okotoks: While year-to-date sales are down a bit, inventory remains unusually low at just 149 units. CREB reports that this leaves Okotoks with a tight 2.5 months of supply, which is keeping prices strong. The benchmark price hit $627,600 in April, exactly matching where it was this time last year.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.