One Calgary property type is showing much tighter conditions than the rest, according to new housing data from the Calgary Real Estate Board (CREB).
The CREB released its March 2026 housing data for Calgary, and it showed that detached homes are showing the tightest conditions compared to all other property types.
Detached homes recorded 1,614 new listings in March, a 15 per cent decrease from this time last year, while sales only saw a one per cent decrease to 982. These numbers pushed the sales-to-new-listings ratio up to 61 per cent.
While conditions remain tight, they seem to be in line with what was seen this time last year. “With just over two months of supply, conditions in March closely resembled those seen last year at this time,” the report said.
Calgary Real Estate Board
On the other hand, apartments saw the loosest conditions in the city. Inventory rose to 1,774, a number just shy of the one last seen during the financial crisis of 2008.
Apartments only saw 384 sales, a 29 per cent decrease from the same time last year. “New supply growth, along with a sharp pullback in sales relative to new listings, has contributed to the rise in resale inventories. With the sales-to-new-listings ratio hovering around 40 per cent and nearly five months of supply, it is not surprising that prices struggle to improve.”
The benchmark price for an apartment is currently sitting at $300,300, a 9.3 per cent decrease year-over-year. Detached home benchmark prices fell by just over three per cent to $741,300.
Prices for detached homes have dropped all across the city, with one area even seeing an over seven per cent drop in home prices.
If you’re wondering how the housing market is shaping up outside Calgary, we dove into the CREB’s report on the Calgary region.
You can find the CREB’s full March 2026 report online.