What happened this month
Calgary posted 1,718 sales in February 2026, an 11 per cent year-over-year decline but a meaningful step up from January’s winter pace. The total residential benchmark rose to $560,500, recovering about one per cent month-over-month as demand returned to the detached market.
The sales-to-new-listings ratio climbed to 60.7 per cent, well above January’s 44 per cent, pulling months of supply down to 2.41. That is the first clear signal of a spring-tilted market after several months of cooling. Inventory still sat at 4,147 units overall, elevated compared to the past two Februarys, but the composition shifted: detached inventory tightened while row and apartment supply remained heavy.
The detached benchmark climbed to $734,000 with roughly two months of supply, confirming that well-priced detached product was moving faster than the citywide average suggests. Apartment-style units continued to face oversupply pressure, with prices down nearly seven per cent year-over-year.
Community spotlight
The table below summarizes February 2026 detached activity for nine SW Calgary communities. Small monthly samples mean outliers (a single luxury sale or a home that sat 160 days) can swing averages, so treat these as directional rather than precise benchmarks.
| Community | Avg detached sold price | Avg days on market | Sale-to-list |
|---|---|---|---|
| Altadore | $1,719,250 | 23 | -1.4% |
| Aspen Woods | $1,478,875 | 43 | -3.0% |
| North Glenmore Park | $1,441,167 | 85 | -4.1% |
| West Springs | $1,196,650 | 22 | +2.2% |
| Wildwood | $1,065,000 | 10 | +1.1% |
| Killarney-Glengarry | $1,021,750 | 27 | -1.1% |
| Signal Hill | $944,583 | 51 | -1.6% |
| Discovery Ridge | $890,000 | 8 | -0.4% |
| Glamorgan | $759,000 | 66 | -1.8% |
Source: Pillar 9 closed sales, Detached property type, February 2026.
Wildwood and Discovery Ridge showed the fastest absorption at 10 and 8 days on market respectively, both clearing list or very close to it. Aspen Woods and North Glenmore Park’s longer days and wider sale-to-list gaps reflect higher-price-point product where buyers took more time and negotiated harder. West Springs picked up momentum with eight detached sales in the month, up from four in January.
12-month benchmark trend
Prices found a floor through December and January near $554K, then recovered modestly in February. Whether that is a one-month bump or the start of a sustained spring recovery will show up in the March and April numbers.
| Month | Benchmark price |
|---|---|
| 2025-03 | $586K |
| 2025-04 | $590K |
| 2025-05 | $590K |
| 2025-06 | $586K |
| 2025-07 | $582K |
| 2025-08 | $577K |
| 2025-09 | $573K |
| 2025-10 | $568K |
| 2025-11 | $559K |
| 2025-12 | $555K |
| 2026-01 | $554K |
| 2026-02 | $561K |
What this means for buyers
Detached buyers in SW Calgary saw the window for leisurely decision-making narrow in February. The move from 3.54 months of supply in January to 2.67 in February is the kind of shift that turns a balanced market into a seller’s market in the detached segment within weeks. If you are actively looking at detached product, expect multiple-offer situations to pick up through March and April. Apartment and row buyers continued to have genuine leverage, with months of supply still above four.
What this means for sellers
February was the first month in roughly six where detached sellers could reasonably expect modest competition on well-prepared listings. The still-balanced citywide conditions meant pricing discipline remained the key lever. Listings that went on at the right number moved quickly; overpriced homes still sat. With spring listing volume typically climbing through March and April, sellers considering a 2026 move had a reasonable window to list before supply normalized.
FAQ
Does one month of price recovery mean the correction is over?
Not on its own. A single month of benchmark recovery in February could be a seasonal bump, a sampling artifact, or the start of a genuine trend. Historically, Calgary sees benchmark increases through spring as demand returns, followed by a summer plateau and a winter softening. The March and April numbers will show whether February was signal or noise. What matters more than the headline is what happens in the specific segment and community you are transacting in.
Why are apartment prices still declining when detached is recovering?
Inventory. Calgary’s apartment segment had roughly four years of rapid new-build supply enter the market in 2023 through 2025, concentrated in downtown and inner-city areas. That supply is still being absorbed, and sellers are competing directly with each other for a smaller pool of apartment buyers. Detached supply, by contrast, is naturally constrained in established SW communities where infill is the only way to add inventory.