The Calgary Real Estate Board (CREB®) has released its 2026 Calgary and Region Forecast Report, prepared by Chief Economist Ann-Marie Lurie. The report outlines expected trends in Calgary’s economy and housing market.

After several years of strong construction, housing supply is increasing, while demand is easing due to slower migration and changing economic conditions. In 2025, the market shifted from seller-friendly to more balanced, helping reduce price pressure—especially for apartments and row homes.

Looking ahead to 2026, lower migration, stable employment, and steady interest rates are expected to keep demand relatively flat. At the same time, about 26,000 homes currently under construction will add continued supply over the next few years. Most of this growth will be in apartment-style units, which may place downward pressure on apartment and row home prices. Detached and semi-detached homes are expected to remain more balanced, supporting stable prices.

The report also notes potential risks and opportunities. A new federal-provincial agreement could boost confidence and investment in Calgary’s energy sector. However, uncertainty around CUSMA renegotiations and lower energy prices could slow business investment.

Click here to read the full CREB® 2026 Forecast Calgary and Region Yearly Outlook Report.