Real Estate Blog

Calgary Real Estate Market Update – August 15, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate resilience despite a slower pace of sales compared with last year. Lower inventory and continued price stability are helping maintain balanced market conditions as August progresses.

As of August 14, Calgary has recorded 727 residential sales for the month, compared with 902 during the same period in 2025, representing a 19.4% year-over-year decline. New listings total 1,617 properties, down 6.2% from last year, while active inventory stands at 6,840 homes, a 2.2% decrease year over year.

Home values remain firm. The median sale price for August to date has increased 0.5% year over year to $565,000, while the average sale price has climbed 7.6% to $656,148. Homes are averaging 40 days on market, compared with 39 days during the same period last year.

Year-to-Date Trends

Through August 14, Calgary has recorded 13,717 residential sales, down 10.9% from the 15,394 sales reported during the same period in 2025.

New listings total 25,854 properties, representing a 9.2% decline year over year. Despite softer sales activity, home prices continue to hold steady. The year-to-date median sale price remains $580,000, unchanged from last year, while the average sale price has increased 2.3% to $646,873.

These figures continue to highlight Calgary's strong market fundamentals, where limited supply continues to support home values.

Weekly Market Trends

For the week ending August 14, Calgary recorded 356 residential sales, a 24.3% decline compared with the same week in 2025.

New listings totaled 810 properties, down 5.0% year over year, while active inventory declined 2.2% to 6,840 homes.

Despite lower transaction volumes, pricing remained strong. The weekly median sale price increased 0.4% year over year to $565,000, while the weekly average sale price rose 8.4% to $649,988. Homes averaged 39 days on market, improving slightly from 40 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 energy, technology, construction, logistics, and professional services.

Although sales activity remains below the exceptionally strong pace of recent years, inventory also remains below last year's levels, helping preserve pricing stability. Buyers continue to enjoy improved selection compared with the ultra-competitive markets of previous years, while sellers continue to benefit from healthy long-term demand.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%, providing stability for borrowers. With inflation remaining close to the Bank's target range, borrowing conditions continue to support balanced housing market activity.

Three Major Economic Stories

1. The Bank of Canada continues to hold interest rates steady, supporting stable financing conditions for homebuyers.

2. Alberta's economy remains one of Canada's strongest, supported by employment growth, business investment, and continued population gains.

3. Calgary continues to offer one of the most affordable housing markets among Canada's largest cities, helping attract both investors and new residents.

Outlook

Calgary's housing market continues to move through a healthy period of normalization. While sales remain below last year's pace, limited inventory and resilient pricing continue to reflect solid underlying demand.

As the summer market progresses, stable interest rates, continued migration to Alberta, and a strong provincial economy are expected to support housing activity. Buyers are benefiting from increased choice and improved negotiating conditions, while sellers remain well positioned as constrained inventory continues to underpin long-term home values.