Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – APRIL 4, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 61 residential sales on April 3, down from 103 on April 2 and 79 on April 1. New listings came in at 129, while active inventory rose to 5,630 homes, up 4.59 percent compared to last year.

Inventory continues to build as we move further into the spring market, providing buyers with more selection and easing some of the pressure seen in prior years.

SEVEN-DAY TRAILING TRENDS
For the period of March 28 to April 3, Calgary recorded 438 total residential sales, down 12.22 percent compared with the same period in 2025.

New listings totaled 737, down 18.74 percent year over year, while active listings remain elevated at 5,630.

The median price for the week was $580,000, down 1.19 percent year over year, while the average price increased 3.57 percent to $652,806.

Days on market averaged 35 days compared to 29 days last year, reflecting a slower pace of absorption.

MONTH-TO-DATE MARKET CONTEXT (APRIL)
Through April 3, Calgary has recorded 243 total residential sales, up 11.47 percent compared with the same time last year.

New listings total 500, down 8.42 percent year over year, while active inventory is 5,630 homes, up 4.59 percent.

The median price is $560,000, down 11.46 percent year over year, while the average price is $639,805, down 3.32 percent. Early-month figures remain volatile and should be interpreted with caution.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,880 total residential sales, down 11.95 percent compared with 2025.

New listings total 9,465, down 8.07 percent year over year. The median price is $569,499, down 1.04 percent, while the average price is $631,367, up 1.33 percent.

Days on market remain elevated at 42 days compared with 33 days last year, reinforcing a shift toward 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%

Buyers continue to navigate a higher-rate environment, with many favouring shorter-term options while waiting for clearer signals on rate cuts.

ECONOMIC AND ENERGY CONTEXT
Alberta continues to benefit from elevated oil prices, which are strengthening the province’s fiscal position. Higher energy revenues are supporting improved government budgets, increasing the likelihood of surpluses and stronger public spending capacity.

This economic strength supports employment, investment, and continued migration into Alberta, all of which underpin housing demand in Calgary.

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

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

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

Ongoing interprovincial migration and relative affordability compared to other major Canadian cities continue to support long-term housing demand.

COMMUNITY SPOTLIGHT – OKOTOKS
Okotoks is a fast-growing community just south of Calgary, known for its family-friendly environment, strong local amenities, and access to outdoor recreation.

With more affordable housing options than Calgary and an easy commute into the city, Okotoks continues to attract buyers seeking a balance between urban access and small-town living.

MARKET SUMMARY
Calgary’s housing market continues its transition toward balanced conditions. Rising inventory and softer sales are giving buyers more negotiating power, while prices remain relatively stable overall.

With strong economic fundamentals and continued support from Alberta’s energy sector, the market remains well-positioned as the spring season unfolds.