Calgary’s housing market has become calmer now in February 2026. The latest report from the Calgary Real Estate Board (CREB) shows fewer homes sold and more homes for sale compared to last year.
In January 2026, only 1,234 homes were sold. That’s about 15% less than January last year. There are now 4,391 homes waiting to be sold—the most in January since 2020. The average benchmark price (a standard price measure) is $554,400. This is down almost 5% from one year ago.
Condos and townhouses saw bigger price drops. Detached houses (single-family homes) dropped less. Experts say more new homes are ready, fewer people are moving to Calgary, and buyers have more choices now. The market feels balanced—buyers can take their time.
In this situation, many people prefer home renovations in Calgary instead of selling and buying a new one. Let me explain why this is popular, the good and bad points, and some nice examples.
Why Renovate Instead of Relocating?
Moving costs a lot of money. When you sell, you pay agent fees (often 5-7%), taxes, lawyer fees, and moving truck costs. If you have a mortgage, you might pay extra to break it. In today’s market, homes can take longer to sell, and you might get less money than before.
Many people love their area. Places like Springbank Hill, Discovery Ridge, or Rocky Ridge have good schools, parks, buses, and nice views. Good homes there are rare and expensive. Why leave when you can make your house better? By the way, here you can check out the top 5 best tourist attractions in Calgary.
Families want to stay in the same place. Children keep going to the same school. Friends and neighbors stay close. If you have paid most of your home loan, you don’t want to start again.
Right now, prices are steady or a bit lower (especially for condos and townhouses). Selling now might give you less cash. Fixing your home adds value and makes life nicer without taking a risk on the market.
Calgary weather is tough—cold winters and strong winds called Chinooks. People want warmer homes with better heat control, like good windows or heated floors. Home renovations help with that.
Renovate vs Relocate: Pros and Cons
Pros of Renovate
- It usually costs less money than moving.
- You can make the house exactly how you like—maybe a big kitchen or a gym.
- Good fixes give back money later. A new kitchen or bathroom can return 60-90% of the cost when you sell.
- You stay in your favorite home and area—no need to pack or change schools.
- No stress from selling fast or house viewings.
Cons of Renovate
- Work makes dust, noise, and mess. You might need to live somewhere else for some time.
- Costs can go higher if not planned well (but now more workers are free, so prices are better).
- If you spend too much, it might not add full value later.
- It takes time, but winter starts can be faster for permits.
Pros of Relocating
- You get a fresh home ready to live in—no fixing needed.
- New homes have modern things already.
- You can use money from your old home.
Cons of Relocating
- All the extra costs eat your money.
- Nice areas have few good homes for sale.
- Moving is hard on family—new place, new friends.
- In this softer market, you might sell for less and pay the same or more for a new home.
Home Renovation Projects People Are Doing in 2026
People are making homes cozy, smart, and useful for Calgary life.
- Opening main floors — Remove walls for bigger open space. Add large windows or smart heat controls to save on bills in cold weather.
- Basement changes — Turn dark basements into bright extra rooms, like a legal suite for rent or family, a gym, or a quiet area with a sauna. Good for big families or extra income.
- Kitchen and bathroom updates — Use strong, green materials like recycled counters, black metal taps, big tiles, and warm earth colors. One family changed an old 1990s kitchen into a friendly spot with a big island and smart tools—it made family time better.
- Wellness and nature touches — Add stone walls, more natural light, or covered outdoor areas. This helps during long winters when people feel stuck inside.
These changes make daily life happier. Updated homes also sell faster and for better prices in this market.
Final Words
In Calgary right now—with calmer prices, more homes for sale, and easier choices for buyers—fixing your home often feels better than moving. You save money, skip moving stress, and create a home that fits your family today.
If you are thinking about it, talk to a local builder or real estate person. They can check your house and give advice. Many people here are learning that the best choice is to stay and make it even nicer.
