Calgary's most painful home sales of 2026: See which listings struggled

Homes in and around Calgary are selling for less than they were a year ago, according to HouseSigma’s Calgary Price Watch, with the most expensive homes seeing the greatest decline.

While most sellers are receiving lower offers or waiting a few weeks longer than expected, homes listed in the higher price range are remaining on the market for months to years, resulting in terminated listings, re-listings and dramatic price reductions.

In March, 78.4 per cent of Calgary homes sold under their asking price, with the typical home closing 1.88 per cent below list price, according to HouseSigma. Northeast Calgary saw the highest percentage of sales in March under the list price, at 90.6 per cent.

The information comes as the cost of living continues to rise across the country, creating affordability issues for higher-priced homes.

One Chestermere home — originally listed at $2.2 million — accumulated 639 days on the market across eight listings between January 2024 and March 2026, before selling for $1.8 million.

The biggest discount of 2026 was a home in southwest Calgary . The home was first listed in May 2025 at $5.89 million, but that listing was terminated in December after 200 days on the market. It was re-listed in February 2026 at $5.35 million and sold 63 days later for $4.8 million — more than $1 million below the original asking price.

The longest total time of any sale in the Calgary area in 2026 so far belongs to a rural property in Foothills County . The home, which includes a ranch and a three-bedroom house, was first listed in June 2023 for $2,999,000. It went through two listing expirations before the third and final listing in April 2025. The price was marginally reduced to $2,990,000 and closed in January at $2.925 million, after 905 active days on the market.

“Sellers are feeling a bit more confident compared to the start of the year — we’re seeing more activity, more showings and some momentum coming back into the market. But at the same time, pricing is still very sensitive. Buyers are informed and cautious, and they’re not chasing the market the way they were before,” said Raj Sandhu, leading HouseSigma agent in Calgary.

“What we’re seeing right now is more of a recovery phase than a true surge. Properties that are priced well and show well are moving, but anything even slightly off is sitting longer or getting negotiated down.”

See the full HouseSigma list of Calgary’s 10 Most Painful Home Sales of 2026 so far here . The list is a combination of three rankings: biggest dollar discount off final list price, longest total time on market across all listing attempts and highest number of repeated listings before the sale closed.

MRhode@postmedia.com

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