Real estate market in Calgary no longer 'hot' for sellers
If you’re looking to buy a home in Calgary, now might be the time to start looking. A new report from Zoocasa just revealed that Calgary’s real estate market has shifted into balanced territory as we head into 2026.
Zoocasa looked at major cities across Canada to determine if they fall into a buyer’s market, a seller’s market, or a balanced market, based on the city’s sales-to-new-listing ratio, to determine the best places to buy and sell before 2026 arrives.
A sales-to-new-listing ratio above 60 per cent indicates a seller’s market, where demand is greater than supply, giving sellers the advantage. When the ratio drops below 40 per cent, it signals a buyer’s market, with more listings than sales and better conditions for buyers. Anything in between is considered a balanced market, where supply and demand are relatively equal.
As of October 2025, Calgary’s sales-to-new-listing ratio is 58.5 per cent, putting it in balanced market territory.
Zoocasa
“Having been a hot seller’s market for some time, this decline below the 60 per cent threshold marks a notable cooling period. Buyers are now gaining more negotiating power than they have had in recent years,” the report states.
In October of 2024, Calgary’s sales-to-new-listing ratio was 66.2 per cent, a 7.7 per cent decrease from 2025. The report notes Calgary’s inventory levels have heavily contributed to the drop, with supply levels sitting higher than usual over the past couple of months.
Compared to Edmonton, “Calgary currently offers a more relaxed pace for buyers, while Edmonton retains a slight edge for sellers.” Edmonton is currently a seller’s market, with a sales-to-new-listing ratio of 61.7 per cent.
Only three cities on the list fell under buyer’s market territory. Windsor-Essex has a sales-to-new-listing ratio of 38.7 per cent, Greater Toronto has a 38.2 per cent sales-to-new-listing ratio, and the Niagara Region has a sales-to-new-listing ratio of 36.6 per cent.
You can view the full report online.