Real Estate Blog

Calgary Real Estate Market Update – August 14, 2026

Daily Market Activity

Calgary’s housing market continues to show resilience as the second half of August gets underway. While sales remain below last year's pace, inventory remains relatively tight and home prices continue to trend higher, reflecting balanced market conditions.

As of August 13, Calgary has recorded 651 residential sales for the month, compared with 823 during the same period in 2025, representing a 20.9% year-over-year decline. New listings total 1,448 properties, down 3.9% from the same period last year, while active inventory stands at 6,797 homes, a modest 1.9% decrease year over year.

Home values remain strong despite softer sales activity. The median sale price has increased 2.1% year over year to $575,000, while the average sale price has climbed 7.7% to $654,910. Homes continue to average 40 days on market, slightly higher than the 38 days recorded during the same period in 2025.

Year-to-Date Trends

Through August 13, Calgary has recorded 13,642 residential sales, down 10.9% from the 15,315 transactions reported during the same period in 2025.

New listings total 25,685 properties, representing a 9.1% decline year over year. Despite lower sales volumes, pricing remains remarkably stable. The year-to-date median sale price holds steady at $580,000, unchanged from last year, while the average sale price has increased 2.3% to $646,762.

These results continue to demonstrate the underlying strength of Calgary's housing market, supported by healthy demand and constrained inventory.

Weekly Market Trends

For the week ending August 13, Calgary recorded 354 residential sales, a 23.5% decrease compared with the same week in 2025.

New listings totaled 862 properties, down just 1.4% year over year, while active inventory declined 1.9% to 6,797 homes.

Pricing remained particularly strong throughout the week. The weekly median sale price increased 5.7% year over year to $595,000, while the weekly average sale price rose 10.5% to $660,452. Homes averaged 40 days on market, compared with 39 days during the same period last year.

General Market Trends

Calgary continues to benefit from strong long-term fundamentals, including sustained population growth, ongoing interprovincial migration, and a diversified economy supported by energy, technology, construction, logistics, and professional services.

Although transaction volumes remain below the exceptionally active levels experienced in recent years, inventory remains lower than last year, helping support home values. Buyers continue to enjoy improved selection compared with previous years, while sellers benefit from stable demand and resilient pricing.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. With inflation remaining close to target and borrowing costs stable, the current interest rate environment continues to support buyer confidence and overall market stability.

Three Major Economic Stories

1. Interest rates remain unchanged, providing stability for homebuyers and supporting balanced housing market conditions.

2. Alberta's economy continues to outperform many Canadian provinces, driven by strong employment growth, business investment, and continued population gains.

3. Calgary remains one of Canada's most affordable major housing markets, attracting buyers from more expensive regions while supporting long-term demand.

Outlook

Calgary's housing market continues to transition into a healthy, balanced environment. While sales volumes remain below last year's pace, tighter inventory and continued price appreciation reflect solid underlying demand.

Looking ahead, stable interest rates, continued migration to Alberta, and strong provincial economic fundamentals are expected to support housing activity through the remainder of the summer. Buyers continue to benefit from improved market balance, while sellers remain well positioned as limited inventory helps sustain home values over the long term.