Benchmark price by property type
| Property type | Benchmark price | Year over year |
|---|---|---|
| Detached | $741,300 | −3% YoY |
| Semi-detached | $686,100 | −1% YoY |
| Row / townhouse | $423,900 | −6% YoY |
| Apartment condo | $300,300 | −9% YoY |
How I read it
March sales were 13% below last year, but the month-over-month direction was up across sales, new listings, inventory and prices. As CREB’s chief economist put it, conditions looked relatively balanced as the market moved into spring.
Year over year the benchmark was down 4%, which sounds worse than it felt on the ground. Calgary is working off two extraordinary years; measuring against them makes an ordinary market look weak.
Apartment condos were already down 9% by March — the trend that has defined the whole year since.
Worth remembering the backdrop: the Bank of Canada cut twice in late 2025 and has held at 2.25% ever since. Buyers who were waiting for cheaper money mostly stopped waiting this spring.
If you're buying
- Get the pre-approval done before you shop. Rates are stable, but your borrowing power is not unlimited.
- Early spring listings face less competition from other buyers than May listings do.
If you're selling
- Listing early in spring means fewer competing listings — often worth more than waiting for "peak season".
- Price to the current quarter. Last year’s comparables will hold your home on the market.
Sources
Figures are as published by CREB® for March 2026 and describe the Calgary market as a whole. They are not an appraisal, and no single property follows the average. For what your own home is worth, ask me for a comparable-sales review.