Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – APRIL 22, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 75 residential sales on April 21, up from 72 on April 20 and 15 on April 19, showing a rebound in activity after a quieter weekend. New listings came in at 79, while active inventory sits at 5,953 homes, up 0.78% compared to last year.

Inventory levels remain elevated, continuing to support more balanced conditions and improved choice for buyers.

SEVEN-DAY TRAILING TRENDS
For the week of April 15 to April 21, Calgary recorded 522 total residential sales, up 7.19% compared with the same period in 2025.

New listings totaled 921, an increase of 17.18% year over year, contributing to steady inventory levels.

The median price for the week was $595,000, up 0.85% from $590,000 last year. The average price rose to $659,245, a 3.84% increase year over year.

Days on market averaged 35 days, up from 27 days last year, reflecting a slightly slower but stable pace.

MONTH-TO-DATE MARKET CONTEXT
Through April 21, Calgary has recorded 1,385 total residential sales, down 7.30% compared with 1,494 at the same point last year.

New listings total 2,584, down 10.62% year over year. Active listings have increased modestly to 5,953 homes, up 0.78%.

The median price is $585,500, essentially unchanged year over year (+0.09%), while the average price is $661,442, up 3.51%. Homes are taking approximately 36 days to sell compared with 28 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 6,021 total residential sales, down 11.69% compared with 2025.

New listings total 11,549, down 8.64% year over year. The median price is $574,000, down 0.61%, while the average price is $637,991, up 2.03%.

Days on market remain elevated at 41 days compared with 32 days last year, reinforcing 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%

Shorter-term fixed and variable products remain preferred as borrowers continue to wait for clearer signals on rate direction.

ECONOMIC AND ENERGY OUTLOOK
Alberta continues to benefit from elevated oil prices, which remain near the upper-$100 range. This is strengthening provincial revenues and improving Alberta’s fiscal position, with higher royalties contributing to budget surpluses and increased government spending capacity.

This economic strength is supporting job growth, business investment, and continued interprovincial migration into Calgary, all of which underpin long-term housing demand.

At the same time, inflation continues to cool gradually across Canada, though core inflation remains sticky. This is keeping the Bank of Canada cautious, with rate cuts expected later in 2026 rather than in the immediate term.

CALGARY ECONOMIC INDICATORS
Calgary’s unemployment rate remains relatively stable in the mid-6% range, while population growth continues to be a key driver of housing demand.

Rental markets remain tight, and strong migration trends are helping absorb rising inventory levels in the resale market.

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 access to natural amenities.

With a mix of modern developments and established neighborhoods, Okotoks attracts families and professionals seeking more space while maintaining proximity to the city. Its river valley, pathways, and growing retail and recreation options continue to make it one of the top commuter communities in the Calgary region.

MARKET SUMMARY
Calgary’s housing market continues to show resilience, with rising weekly sales and stable price growth despite lower year-to-date activity.

Increased inventory and longer days on market are creating more balanced conditions, giving buyers greater flexibility while maintaining price stability. Strong economic fundamentals, supported by Alberta’s energy sector, continue to provide a solid foundation as the market moves further into the spring season.