2026 Q2 · Alberta

Calgary Home Appraisal Market Report

In-migration cycle keeps all segments at or near record benchmarks; new SE/SW community supply finally catching demand.

Snapshot

Key benchmarks

Benchmark detached

$782K

+5.4% YoY

Benchmark condo apartment

$346K

+3.9% YoY

Months of inventory

1.9

+0.3 YoY

Sales-to-new-listings ratio

68%

−4pts YoY

Avg days on market

+2 days YoY

What it means for appraisals

Implications this quarter

•Builder/model match precision matters more than usual in active new-build communities.
•Rocky View acreage comparable depth tightening — wider geographic radius required.
•Insurance replacement-cost values up sharply post-2024 hail season.

Order mix

Why people order in Calgary

Purchase mortgage36%

In-migration.

Refinance24%

Acreage14%

Rocky View, Foothills.

Estate10%

Insurance replacement-cost9%

Other7%

Watch items

On the horizon

•ARB complaint deadlines early March.
•Hail insurance market — roof-age driven non-renewal events.

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