Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – APRIL 1, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 76 residential sales on March 31, up from 56 on March 30 and 18 on March 29. New listings came in at 77, while active listings declined to 5,447 homes, though still up 4.97 percent compared to last year.

Inventory remains elevated overall, continuing to support more balanced conditions across the market.

SEVEN-DAY TRAILING TRENDS
For the week of March 25 to March 31, Calgary recorded 467 total residential sales, down 10.71 percent compared with the same period in 2025.

New listings totaled 751, a 11.44 percent decrease year over year. Inventory levels remain higher despite the recent slowdown in new supply.

The median price for the week was $582,500, unchanged from last year. The average price came in at $638,424, up 2.19 percent year over year.

Days on market averaged 35 days compared with 28 days last year, indicating a slower pace of sales.

MONTH-TO-DATE MARKET CONTEXT
Through March 31, Calgary has recorded 1,880 total residential sales, down 12.84 percent compared with 2,157 at the same point last year.

New listings total 3,411, representing a 15.17 percent decrease year over year. Active listings are at 5,447 homes, up 4.97 percent.

The median price is $576,500, down 1.45 percent year over year, while the average price is $641,837, up 0.33 percent. Homes are taking approximately 35 days to sell compared with 29 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,639 total residential sales, down 12.87 percent compared with 2025.

New listings total 8,965, down 8.05 percent year over year. The median price is $570,000, down 0.87 percent, while the average price is $631,019, up 1.54 percent.

Days on market have risen to 42 days compared with 33 days last year, reflecting a more balanced market environment.

MORTGAGE RATE ENVIRONMENT
1 year fixed: 4.39% – 4.79%
3 year fixed: 3.59% – 4.49%
5 year fixed: 3.69% – 4.49%
10 year fixed: 5.50% – 5.80%
3 year variable: 3.35% – 3.95%
5 year variable: 3.35% – 4.45%

Borrowers continue to favour shorter-term flexibility while monitoring potential rate cuts later this year.

ECONOMIC AND ENERGY CONTEXT
Oil prices remain strong, holding in the mid-$110 range, continuing to support Alberta’s economic momentum. Elevated energy prices are contributing to job growth, investment, and sustained migration into Calgary.

Inflation continues to ease gradually across Canada, though housing-related costs remain a key component keeping overall inflation sticky.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady as it evaluates incoming economic data.

Markets are still anticipating potential rate cuts later in 2026, though timing remains uncertain. Bond yields have shown modest stability, and borrowing costs remain relatively elevated in the short term.

CALGARY ECONOMIC INDICATORS
Calgary’s economy remains resilient, supported by strong population growth and a stable energy sector.

Unemployment remains in the mid-6 percent range, while rental demand continues to be strong. Ongoing migration into the city is supporting long-term housing demand.

COMMUNITY SPOTLIGHT – AUBURN BAY
Auburn Bay is a highly desirable southeast Calgary lake community known for its family-friendly atmosphere, private lake access, and extensive amenities.

With strong schools, retail access, and recreational opportunities, it continues to attract both families and move-up buyers, supporting steady long-term demand.

MARKET SUMMARY
Calgary’s housing market is continuing its transition toward balanced conditions, with higher inventory levels giving buyers more choice and flexibility.

While sales remain below last year’s pace, prices are holding relatively stable with modest upward pressure in some segments. Supported by strong economic fundamentals and population growth, Calgary’s housing market remains well-positioned as the spring market unfolds.