Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – APRIL 3, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 103 residential sales on April 2, up from 78 on April 1 and 76 on March 31. New listings came in at 230, while active inventory increased to 5,574 homes, up 6.74 percent compared to last year.

The sharp rise in new listings signals continued momentum in spring supply, giving buyers more options across the market.

SEVEN-DAY TRAILING TRENDS
For the period of March 27 to April 2, Calgary recorded 493 total residential sales, down just 1.99 percent compared with the same period in 2025.

New listings totaled 799, a 10.33 percent decrease year over year. Despite fewer new listings overall, inventory levels remain elevated due to earlier gains in supply.

The median price for the week was $582,000, up 3.01 percent year over year, while the average price rose 4.56 percent to $637,755.

Days on market increased to 35 days compared with 30 days last year, indicating a slightly slower but still active market pace.

MONTH-TO-DATE MARKET CONTEXT (APRIL)
Through April 2, Calgary has recorded 182 total residential sales, up 28.17 percent compared with the same point last year.

New listings total 371, up 37.27 percent year over year, while active inventory sits at 5,574 homes, up 6.74 percent.

The median price is $573,425, down 10.47 percent year over year, while the average price is $634,508, down 2.78 percent. Early-month data remains volatile and should be interpreted with caution.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,819 total residential sales, down 11.84 percent compared with 2025.

New listings total 9,337, down 6.83 percent year over year. The median price is $570,000, down 0.87 percent, while the average price is $631,060, up 1.41 percent.

Days on market remain elevated at 42 days compared with 33 days last year, reinforcing more balanced market 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%

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

ECONOMIC AND ENERGY CONTEXT
Alberta continues to benefit from elevated oil prices, supporting a stronger provincial fiscal position. Higher energy revenues are improving the province’s budget outlook, increasing the likelihood of sustained surpluses or reduced deficits.

This stronger fiscal position enhances government spending capacity, supports economic stability, and boosts investor confidence. For Calgary, this translates into continued job growth, in-migration, and steady underlying housing demand.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady while monitoring inflation trends.

Financial markets still expect gradual rate cuts later in 2026, though timing remains uncertain. Bond yields have stabilized, helping keep mortgage rates relatively consistent in the near term.

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

Employment conditions are stable, and ongoing migration into the city continues to underpin housing demand, particularly as Calgary remains more affordable than other major Canadian markets.

COMMUNITY SPOTLIGHT – HIGH RIVER
High River is a growing community south of Calgary known for its small-town atmosphere, historic downtown, and strong sense of community.

With more affordable housing options compared to Calgary and improved commuter accessibility, High River continues to attract families, first-time buyers, and those seeking a quieter lifestyle while remaining connected to the city.

MARKET SUMMARY
Calgary’s housing market continues to move toward balanced conditions, with rising inventory giving buyers more choice while still supporting steady sales activity.

Sales trends are stabilizing, and prices are showing modest strength in recent weekly data despite some short-term volatility. Supported by strong economic fundamentals and a favourable provincial outlook tied to energy markets, Calgary remains well-positioned as the spring market progresses.