Calgary Real Estate Market Update — April 2026

I'm Ryan Van Spengen. This is the April 2026 Calgary real estate market update, based on CREB's May release. Let's start with the top-line number. The Calgary all-residential benchmark price for April 2026 is $568,800. That's essentially flat month-over-month — down about 0.5% from March. Year-over-year, we're up 2.1% from April 2025. Total sales for April: 2,104. That's down 18% year-over-year. For context, April 2025 was an unusually strong month for sales volume — we're comparing against a peak. The more useful comparison is to 2023 and 2024 April averages, and by that measure April 2026 is in line. Months of supply citywide: 3.4. That's balanced market territory — above 2, where it's a pure seller's market, but below 4, where buyers start gaining meaningful negotiating leverage. The balance varies a lot by segment and district. Let me walk through the key segments. Detached is the tightest segment. Citywide detached benchmark: $748,500. Months of supply around 2.1. That's still a seller's market. Well-priced, well-prepared detached homes in SW Calgary are moving in 10 to 20 days. Overpriced homes are sitting. Semi-detached benchmark: $685,200. Months of supply around 2.8. Healthy market. The inner-city semi market — particularly Killarney, Altadore, and adjacent communities — is active. Row or townhome: $456,100 benchmark. Months of supply around 4.2. This segment has been under pressure from new condo supply. If you're selling a townhome, pricing is especially important right now. Apartment / condo: $328,000 benchmark. Down 6.1% year-over-year. This is the segment that has softened most noticeably. Supply has increased substantially — both new construction completions and investors listing units in response to higher carrying costs. Buyers in the apartment segment have real negotiating power in April 2026. By quadrant: SW detached is the strongest market in the city right now. Months of supply in the $800,000 to $1.2 million SW detached band is under 2. NW is similar at the $650,000 to $900,000 range. Inner-city detached — Altadore, Hillhurst, Ramsay — is active but more price-sensitive at the $1 million-plus tier. Northeast and East Calgary show the highest months of supply, reflecting both softer demand and new construction competition in that part of the city. What does this mean practically? For sellers: if you're selling detached in SW or NW Calgary in the $700,000 to $1.2 million range, the market is still on your side. Price it right from day one — the buyers in this segment are educated and have seen every comparable that's sold in the last 90 days. Overpriced means sitting. For buyers: if you're shopping for a condo or townhome, you have leverage you haven't had in two years. Use it — but check your conditions carefully and have your financing in order. For upsizers: this is a reasonable time to make a move. The detached market isn't so hot that buying is impossible, but it's active enough that you should be prepared to move when the right home appears. Full data is in the April 2026 market report on karakterrealty.com. I'm Ryan Van Spengen.