With new HouseSigma data showing Greater Calgary’s overall median sale price at $570,000 in February 2026 \u2014 up 1.8% over January, and down just 1.6% from a year earlier \u2014 it could be easy to shrug it off. But that headline figure understates what’s actually happening. Dig into the property types and a clearer picture emerges: prices are down meaningfully across the board compared with a year ago.<\/p>\n\n\n\n
HouseSigma data analysis has found that every major home type posted a year-over-year price decline in February 2026, with detached homes down 5.5%, attached houses down 3.2%, and condo-apartments falling 6.2%.<\/p>\n\n\n\n
So why is the overall median down 1.6% when each individual category is down 3\u20136%? It comes down to mix: there were proportionally more detached home sales in the mix this February compared to last year, and detached homes are the most expensive category. That pushes the blended average up even as prices within each type fall. In other words, the headline is actually masking how much softer the market is than it appears.<\/p>\n\n\n\n
Lower prices aren’t the only advantage that Greater Calgary buyers have right now. Across all three home types, the median sale price has consistently been coming in below the asking price \u2014 and that gap has been widening consistently from a year ago. The infographic below shows detached homes in February at a median discount of 1.8% from the list price. That figure for attached homes is 2% off list price, and 3.1% off for condos. All three of those discount percentagess are greater than they were a year ago. <\/p>\n\n\n\n
On a $680,000 detached home, a 1.8% discount means roughly $12,000 off asking. On a $305,000 condo, a 3% gap is close to $9,000 in savings. This makes the data a useful starting point for negotiating.<\/p>\n\n\n\n
More than 80% of homes in the Greater Calgary region sold below their list price in February. That’s a higher proportion than the overall percentage across 2025, which was 78%, but it’s less than January’s 85%. This is in line with the rising seasonal activity in February compared with January, and could suggest the negotiating power is waning. <\/p>\n\n\n\n