Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – APRIL 2, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 78 residential sales on April 1, up slightly from 76 on March 31 and 56 on March 30. New listings came in at 142, while active inventory rose to 5,477 homes, up 5.86 percent compared to last year.

The increase in new listings to start April suggests fresh supply entering the market as the spring season gains momentum.

SEVEN-DAY TRAILING TRENDS
For the period of March 26 to April 1, Calgary recorded 468 total residential sales, down 9.48 percent compared with the same period in 2025.

New listings totaled 759, a 12.56 percent decrease year over year. Despite fewer new listings, overall inventory remains elevated.

The median price for the week was $580,000, down 1.02 percent year over year, while the average price increased 3.28 percent to $642,369.

Homes are taking longer to sell, with days on market rising to 35 days compared with 28 days last year.

MONTH-TO-DATE MARKET CONTEXT (APRIL)
April is off to a modest start with 78 sales recorded so far, compared with 74 at the same time last year.

New listings have reached 142, up 23.48 percent year over year, while active inventory sits at 5,477 homes, up 5.86 percent.

The median price is $560,500, down 13.03 percent year over year, while the average price is $672,374, down 1.18 percent. Early-month volatility is typical and not necessarily indicative of broader trends.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,717 total residential sales, down 12.62 percent compared with 2025.

New listings total 9,107, down 7.68 percent year over year. The median price is $570,000, down 0.87 percent, while the average price is $631,709, up 1.51 percent.

Days on market have increased to 42 days compared with 33 days last year, reflecting more balanced conditions.

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%

Shorter-term fixed and variable options remain popular as borrowers watch for potential rate cuts later in 2026.

ECONOMIC AND ENERGY CONTEXT
Alberta continues to benefit from elevated oil prices, with crude holding at relatively strong levels compared to earlier in the year.

Higher oil prices are significantly improving Alberta’s fiscal position, increasing provincial revenues and strengthening the likelihood of a balanced budget or surplus. This improved budget outlook supports government spending, economic stability, and overall investor confidence.

For Calgary, this translates into stronger employment conditions, continued migration into the province, and sustained long-term housing demand.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady as inflation gradually moderates.

Markets are still anticipating potential rate cuts later in 2026, though the timing remains uncertain. Bond yields have stabilized in recent weeks, helping keep mortgage rates relatively steady.

CALGARY ECONOMIC INDICATORS
Calgary’s economy remains supported by strong population growth and interprovincial migration.

Employment conditions remain stable, and housing demand continues to be reinforced by new residents seeking relative affordability compared to other major Canadian cities.

COMMUNITY SPOTLIGHT – OKOTOKS
Okotoks is a highly desirable community located just south of Calgary, known for its small-town charm, strong sense of community, and scenic setting along the Sheep River.

The town offers a mix of newer developments and established neighborhoods, along with excellent schools, local amenities, and easy access to Calgary. Its appeal to families and professionals continues to support steady housing demand and long-term growth.

MARKET SUMMARY
Calgary’s housing market continues its transition toward more balanced conditions, with rising inventory levels providing buyers with more options.

While sales activity remains below last year’s pace, pricing has remained relatively stable overall. Supported by strong economic fundamentals and a strengthening provincial outlook tied to energy markets, Calgary remains well-positioned as the spring market continues to unfold.