Real Estate Blog

Calgary Daily Market Update – August 1, 2026

Daily Market Activity

Calgary’s housing market closed July on a stable footing, continuing its transition toward balanced market conditions. Through July 31, total residential sales reached 1,904 transactions, representing a 9.2% decline compared with the 2,096 sales recorded during the same period in July 2025.

New listings totaled 3,324 properties, down 15.0% from the 3,911 new listings recorded during the same period last year. Active inventory stands at 6,637 homes, a 4.2% decline year over year. While fewer properties entered the market throughout July, inventory remained sufficient to provide buyers with more choice than in recent years while still supporting stable pricing.

Home values continued to demonstrate resilience. The median sale price edged up 0.05% year over year to $570,050, while the average sale price increased 2.0% to $629,855. Homes averaged 40 days on market compared with 37 days during the same period last year, reflecting a healthier pace of negotiations and more balanced market conditions.

Year-to-Date Trends

Through July 31, Calgary has recorded 12,992 residential sales, down 10.4% compared with the 14,492 transactions reported during the same period in 2025.

Year-to-date new listings total 24,237 properties, representing a 9.4% decline year over year. The year-to-date median sale price remains at $580,000, down only 0.3% from last year, while the average sale price has increased 2.0% to $646,347.

Although sales activity continues to trail the exceptionally strong pace experienced in 2025, Calgary's housing market remains fundamentally healthy. Stable pricing and continued buyer demand demonstrate that the market has shifted toward better balance rather than weakness.

Weekly Market Trends

For the week ending July 31, Calgary recorded 430 residential sales, down 8.3% from the 469 sales reported during the comparable week in 2025.

New listings totaled 671 properties, a decline of 15.6% year over year, while active inventory decreased 4.2% to 6,637 homes.

The weekly median sale price was $568,000, down just 0.5% from last year, while the average sale price increased 2.1% to $643,863. Homes sold in an average of 42 days compared with 37 days during the same week last year, indicating buyers continue to benefit from additional time to evaluate available properties.

General Market Trends

Calgary continues to distinguish itself as one of Canada's strongest and most stable real estate markets. Strong population growth, ongoing interprovincial migration, a diversified economy, and relative affordability compared with other major Canadian cities continue to support long-term housing demand.

Balanced inventory levels are creating favourable conditions for both buyers and sellers. Buyers benefit from greater selection and improved negotiating opportunities, while sellers continue to experience stable home values supported by consistent demand.

Interest Rate Environment

The Bank of Canada continues to hold its overnight policy rate at 2.25%. Inflation remains close to the Bank's target range, and expectations remain that interest rates will stay relatively stable in the near term. This stable borrowing environment continues to provide confidence for buyers, sellers, and investors.

Three Major Economic Stories from July 31

1. The Bank of Canada maintained its cautious monetary policy stance as inflation continued to remain near target, supporting expectations for stable borrowing costs.

2. Alberta's economy continued to benefit from steady employment growth, resilient energy markets, and ongoing business investment, helping support consumer confidence and housing demand.

3. Canada's housing market continued its gradual shift toward balanced conditions, with Calgary remaining one of the country's most resilient major markets thanks to stable pricing, strong migration, and relatively healthy inventory levels.

Outlook

Calgary enters August with a balanced housing market supported by resilient home prices, manageable inventory levels, and steady buyer demand. While sales remain below last year's exceptional pace, market fundamentals continue to point toward stability rather than significant correction.

Looking ahead, continued population growth, stable interest rates, and Alberta's positive economic outlook are expected to sustain healthy housing demand through the remainder of the summer and into the fall. Calgary remains well positioned as one of Canada's most balanced and resilient real estate markets in 2026.