Real Estate Blog

Calgary Real Estate Market Update – August 11, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate stability despite a slower pace of sales compared with last year. Limited inventory and steady buyer demand are helping maintain home values, creating balanced conditions across the market.

As of August 10, Calgary has recorded 476 residential sales, compared with 633 during the same period in 2025, representing a 24.8% year-over-year decline. New listings total 1,018 properties, down 16.6% from last year, while active inventory sits at 6,721 homes, a 4.6% decrease year over year.

Home prices remain resilient. The median sale price for August to date is $570,000, up 0.9% from the same period last year, while the average sale price has increased 5.3% to $647,688. Homes are averaging 40 days on market, compared with 38 days during the same period in 2025.

Year-to-Date Trends

Through August 10, Calgary has recorded 13,468 residential sales, down 11.0% from the 15,125 transactions reported during the same period in 2025.

New listings total 25,255 properties, representing a 9.7% decline year over year. Despite softer sales activity, pricing remains remarkably stable. The year-to-date median sale price stands at $580,000, down just 0.1% from last year, while the average sale price has increased 2.1% to $646,394.

These figures continue to reflect a healthy, balanced market where lower inventory levels are supporting home values even as transaction volumes moderate.

Weekly Market Trends

For the week ending August 10, Calgary recorded 361 residential sales, a 15.9% decline compared with the same week in 2025.

New listings declined 5.9% to 864 properties, while active inventory fell 4.6% to 6,721 homes.

The weekly median sale price eased 1.8% year over year to $570,330, while the weekly average sale price climbed 5.8% to $665,136. Homes averaged 40 days on market, compared with 38 days during the same week last year.

General Market Trends

Calgary continues to benefit from strong population growth, interprovincial migration, and a diversified economy supported by the energy, technology, logistics, construction, and professional services sectors.

Although sales remain below last year's pace, inventory has also declined, helping preserve price stability. Buyers continue to enjoy more choice than during the highly competitive markets of recent years, while sellers benefit from resilient home values supported by limited supply.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Stable borrowing costs continue to support buyer confidence and contribute to healthy, sustainable housing market conditions.

Three Major Economic Stories

1. Interest rates remain stable, helping support affordability and encouraging consistent buyer activity across Canadian housing markets.

2. Alberta's economy continues to outperform many provinces, supported by employment growth, population gains, and investment across multiple industries.

3. Calgary remains one of Canada's most affordable major cities, attracting buyers from higher-priced markets and reinforcing long-term housing demand.

Outlook

Calgary's housing market continues to move through the summer in a balanced position. While sales activity remains below the exceptionally strong levels seen last year, reduced inventory continues to support stable pricing.

With steady interest rates, ongoing population growth, and a resilient local economy, Calgary remains well positioned for healthy market conditions through the remainder of the summer. Buyers continue to benefit from improved selection and stable financing costs, while sellers enjoy a market supported by limited inventory and resilient home values.