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2026 CREB Forecast

What This Means for Calgary, Strathmore, and Surrounding Communities

In January, the Calgary Real Estate Board (CREB) released its 2026 Forecast.

And if you were expecting panic headlines… you will not find them here.

Because this is not a crash forecast.
It is not a boom forecast.

It is a recalibration.

Let’s break it down. And more importantly, let’s talk about what it means for you in Calgary, Strathmore, Airdrie, Chestermere, Okotoks,
Cochrane, and the surrounding communities we serve.

The Big Picture: From Seller Frenzy to Balanced Market

On page 4 of the report, CREB states clearly:

2026 CREB Forecast

What This Means for Calgary, Strathmore, and Surrounding Communities

In January, the Calgary Real Estate Board (CREB) released its 2026 Forecast.

And if you were expecting panic headlines… you will not find them here.

Because this is not a crash forecast.
It is not a boom forecast.

It is a recalibration.

Let’s break it down. And more importantly, let’s talk about what it means for you in Calgary, Strathmore, Airdrie, Chestermere, Okotoks,
Cochrane, and the surrounding communities we serve.

The Big Picture: From Seller Frenzy to Balanced Market

On page 4 of the report, CREB states clearly:

Balanced to buyer’s market conditions are expected to persist in 2026 depending on property type.

Balanced to buyer’s market conditions are expected to persist in 2026 depending on property type.

Translation?

The intense seller’s market of 2022–2024 has cooled.

Inventory has risen.
Migration has slowed.
Buyers are no longer competing in ten-offer bidding wars across every segment.

That does not mean homes are collapsing in value.

It means strategy matters again.

Translation?

The intense seller’s market of 2022–2024 has cooled.

Inventory has risen.
Migration has slowed.
Buyers are no longer competing in ten-offer bidding wars across every segment.

That does not mean homes are collapsing in value.

It means strategy matters again.

Sales and Price Forecast for 2026

The 2026 forecast summary from the Calgary Real Estate Board shows a clear shift from the aggressive seller’s market of 2022–2024 toward more balanced conditions across most property types. Detached and semi-detached homes are forecast to remain stable, while row and apartment-style properties are expected to experience mild downward price pressure due to elevated supply.

What stands out in this chart is not a collapse — it is normalization. Sales are projected to align with long-term trends, and price growth has cooled after multiple years of rapid increases. This is what a stabilizing housing market looks like in Calgary heading into 2026.

Source: CREB 2026 Forecast Report

Sales and Price Forecast for 2026

The 2026 forecast summary from the Calgary Real Estate Board shows a clear shift from the aggressive seller’s market of 2022–2024 toward more balanced conditions across most property types. Detached and semi-detached homes are forecast to remain stable, while row and apartment-style properties are expected to experience mild downward price pressure due to elevated supply.

What stands out in this chart is not a collapse — it is normalization. Sales are projected to align with long-term trends, and price growth has cooled after multiple years of rapid increases. This is what a stabilizing housing market looks like in Calgary heading into 2026.

Source: CREB 2026 Forecast Report

2026 Price Forecast by Property Type

According to CREB’s 2026 projections:

  • Total Residential Price Growth: -0.94%
  • Detached: +0.11%
  • Semi-Detached: +0.78%
  • Row: -1.90%
  • Apartment: -3.50%

This is where nuance matters.

If you are watching the Calgary detached homes for sale market, stability remains strong.

If you are tracking the Calgary condo market, increased supply is creating downward pressure.

The market is not moving as one.
Each segment behaves differently.

2026 Price Forecast by Property Type

According to CREB’s 2026 projections:

  • Total Residential Price Growth: -0.94%
  • Detached: +0.11%
  • Semi-Detached: +0.78%
  • Row: -1.90%
  • Apartment: -3.50%

This is where nuance matters.

If you are watching the Calgary detached homes for sale market, stability remains strong.

If you are tracking the Calgary condo market, increased supply is creating downward pressure.

The market is not moving as one.
Each segment behaves differently.

Migration Is Slowing — And Demand Is Normalizing

From 2022 through 2024, migration drove record demand.
That pace is easing.

Alberta population growth is forecast to slow to 1.5%.
Calgary growth to 1.3%

Less migration does not mean decline. It means fewer urgency-driven bidding wars. It means negotiations return.

If you are navigating the Calgary home buying process, this is a year to move with strategy instead of pressure.

First-time buyers should review our first-time home buyer guide Calgary before entering the market.

Migration Is Slowing — And Demand Is Normalizing

From 2022 through 2024, migration drove record demand.
That pace is easing.

Alberta population growth is forecast to slow to 1.5%.
Calgary growth to 1.3%

Less migration does not mean decline. It means fewer urgency-driven bidding wars. It means negotiations return.

If you are navigating the Calgary home buying process, this is a year to move with strategy instead of pressure.

First-time buyers should review our first-time home buyer guide Calgary before entering the market.

New Construction Is Still Elevated

2025 saw more than 26,000 housing starts. 2026 is forecast to ease to 18,415

However, over 26,000 units remain under construction, with nearly half focused on rental supply.

This impacts:

  • Rental vacancy rates
  • Investor demand
  • Apartment resale pricing

If you are considering new build homes in Calgary or exploring new homes in Strathmore, understanding supply absorption timelines is critical.

New Construction Is Still Elevated

2025 saw more than 26,000 housing starts. 2026 is forecast to ease to 18,415

However, over 26,000 units remain under construction, with nearly half focused on rental supply.

This impacts:

  • Rental vacancy rates
  • Investor demand
  • Apartment resale pricing

If you are considering new build homes in Calgary or exploring new homes in Strathmore, understanding supply absorption timelines is critical.

Detached Market: Stability Over Volatility

Detached homes remain the most resilient segment in the forecast.

2026 price growth is projected at +0.11%.
Balanced.
Not booming.
Not collapsing.

If you are evaluating your Calgary home selling strategy, this environment rewards proper pricing and presentation.
Understanding how to price your home in Calgary accurately in a balanced market is more important than ever.

he detached segment remains the most stable portion of Calgary’s housing market heading into 2026. While inventory has improved, forecast price movement remains essentially flat, reinforcing balanced conditions rather than correction..

Detached Market: Stability Over Volatility

Detached homes remain the most resilient segment in the forecast.

2026 price growth is projected at +0.11%.
Balanced.
Not booming.
Not collapsing.

If you are evaluating your Calgary home selling strategy, this environment rewards proper pricing and presentation.
Understanding how to price your home in Calgary accurately in a balanced market is more important than ever.

he detached segment remains the most stable portion of Calgary’s housing market heading into 2026. While inventory has improved, forecast price movement remains essentially flat, reinforcing balanced conditions rather than correction..

Strathmore and Surrounding Communities

We serve both city and county. And the story outside Calgary matters.

2025 Benchmarks: Calgary: $752,767 Strathmore: $551,867

Strathmore saw inventory rise significantly year-over-year, yet still posted annual price gains.

Balanced conditions are expected to persist if supply stabilizes.

If you are researching the Strathmore real estate market or browsing homes for sale in Strathmore, this is a year to watch supply carefully.

Surrounding towns including Airdrie, Chestermere, Okotoks, and Cochrane are also expected to stabilize rather than reverse prior gains.

Benchmark pricing and months of supply across Calgary and surrounding communities show a shift toward stabilization in 2026. While inventory levels have increased in many towns, prior price gains are not forecast to be erased.
For buyers weighing city versus county, understanding relative value is critical.

Strathmore and Surrounding Communities

We serve both city and county. And the story outside Calgary matters.

2025 Benchmarks: Calgary: $752,767 Strathmore: $551,867

Strathmore saw inventory rise significantly year-over-year, yet still posted annual price gains.

Balanced conditions are expected to persist if supply stabilizes.

If you are researching the Strathmore real estate market or browsing homes for sale in Strathmore, this is a year to watch supply carefully.

Surrounding towns including Airdrie, Chestermere, Okotoks, and Cochrane are also expected to stabilize rather than reverse prior gains.

Benchmark pricing and months of supply across Calgary and surrounding communities show a shift toward stabilization in 2026. While inventory levels have increased in many towns, prior price gains are not forecast to be erased.
For buyers weighing city versus county, understanding relative value is critical.

What This Means for Buyers and Sellers

What This Means for Buyers and Sellers

For Buyers

You have leverage.
You have options.
Detached remains stable.
Condos require negotiation strategy.

For Sellers

This is not a list-it-and-wait market.
It is a launch-with-intention market.
The frenzy is gone.
The fundamentals are steady.

For Buyers

You have leverage.
You have options.
Detached remains stable.
Condos require negotiation strategy.

For Sellers

This is not a list-it-and-wait market.
It is a launch-with-intention market.
The frenzy is gone.
The fundamentals are steady.

If you want to know what this forecast means for your specific home or next purchase, we will break it down personally.

Because forecasts are general.

Your move is not.

If you want to know what this forecast means for your specific home or next purchase, we will break it down personally.

Because forecasts are general.

Your move is not.

Hi there! Welcome to Lush Realty. We’re your local experts in Strathmore and Rural Alberta Real Estate. Are you here to find your perfect home, learn about the area, or connect with one of our agents?