Real Estate Blog

Calgary Real Estate Market Update – August 10, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate resilience despite a slower pace of sales compared to last year. Limited inventory and stable demand continue to support home values, creating balanced conditions for both buyers and sellers.

As of August 9, Calgary has recorded 437 residential sales, compared with 607 during the same period in 2025, representing a 28.0% year-over-year decline. New listings total 929 properties, down 21.3% from last year, while active inventory sits at 6,740 homes, a 4.4% decrease year over year.

Home prices remain stable overall. The median sale price for August to date is $560,000, down just 0.8% from the same period last year, while the average sale price has increased 6.4% to $652,304. Homes continue to sell in an average of 40 days, slightly above last year's 38-day average.

Year-to-Date Trends

Through August 9, Calgary has recorded 13,429 residential sales, down 11.1% from the 15,099 transactions reported during the same period in 2025.

New listings total 25,166 properties, representing a 9.9% decline year over year. Despite lower sales activity, pricing remains remarkably stable. The year-to-date median sale price stands at $580,000, virtually unchanged from last year, while the average sale price has climbed 2.2% to $646,541.

These figures continue to highlight Calgary's balanced market, where lower inventory levels are helping preserve home values despite softer sales.

Weekly Market Trends

For the week ending August 9, Calgary recorded 358 residential sales, a 17.3% decline compared with the same week in 2025.

New listings fell 8.8% to 829 properties, while active inventory declined 4.4% to 6,740 homes.

The weekly median sale price eased 3.1% year over year to $560,000, while the weekly average sale price increased 5.9% to $664,182. Homes averaged 39 days on market, one day longer than during the same week last year.

General Market Trends

Calgary continues to outperform many Canadian housing markets thanks to strong population growth, interprovincial migration, and a diversified economy supported by the energy, technology, logistics, construction, and professional services sectors.

Although sales volumes remain below last year's pace, fewer new listings have also reduced available inventory, preventing significant downward pressure on prices. Buyers continue to benefit from greater selection than in recent years, while sellers remain supported by healthy pricing and balanced market conditions.

Interest Rate Environment

The Bank of Canada continues to maintain its policy interest rate at 2.25%, providing stability for mortgage borrowers and supporting confidence throughout the housing market. Stable borrowing costs continue to encourage steady buyer activity.

Three Major Economic Stories

1. Stable interest rates continue to provide confidence for homebuyers and support consistent activity across Canada's housing market.

2. Alberta's economy remains supported by strong employment growth and continued population gains, reinforcing long-term housing demand.

3. Calgary's affordability advantage continues to attract buyers from higher-priced Canadian markets, helping sustain demand despite lower transaction volumes.

Outlook

Calgary's housing market remains balanced as August progresses. While sales activity continues to trail last year's exceptionally strong pace, inventory remains below 2025 levels, helping support home prices.

With stable interest rates, ongoing migration, and a resilient local economy, Calgary remains well positioned for steady market performance through the remainder of the summer. Buyers can benefit from improved inventory and stable financing conditions, while sellers continue to enjoy healthy pricing supported by limited supply.