Real Estate Blog

Calgary Real Estate Market Update – August 18, 2026

Daily Market Activity

Calgary's real estate market continues to reflect balanced conditions as the summer season progresses. While sales remain below last year's pace, inventory is also lower, helping to support home values across the city.

As of August 17, Calgary has recorded 838 residential sales for the month, a 22.8% decrease from the 1,086 sales reported during the same period in August 2025. New listings total 1,785 properties, down 12.8% year over year, while active inventory sits at 6,801 homes, a 3.2% decline compared with last year.

Home prices remain relatively stable. The median sale price is $560,000, down 0.9% from the same period last year, while the average sale price has increased 6.5% to $646,372. Homes continue to average 40 days on market, compared with 39 days one year ago.

Year-to-Date Trends

Through August 17, Calgary has recorded 13,827 residential sales, representing an 11.2% decline from the 15,578 sales recorded during the same period in 2025.

New listings total 26,022 properties, down 9.7% year over year. Despite lower transaction volumes, pricing has remained resilient. The year-to-date median sale price continues to hold at $580,000, unchanged from last year, while the average sale price has increased 2.3% to $646,381.

The combination of reduced inventory and continued population growth continues to support market stability despite slower overall sales activity.

Weekly Market Trends

For the week ending August 17, Calgary recorded 362 residential sales, a 20.1% decrease compared with the same week in 2025.

New listings totaled 767 properties, down 7.1% year over year, while active inventory declined 3.2% to 6,801 homes.

The weekly median sale price was $559,000, a modest 1.1% decrease from the same week last year. Meanwhile, the weekly average sale price climbed 8.0% to $644,151, indicating continued strength in higher-priced segments of the market. Homes averaged 41 days on market, one day longer than during the same period in 2025.

General Market Trends

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

Although sales activity has moderated from the exceptionally active pace of recent years, inventory remains below 2025 levels. This balance between supply and demand continues to support stable pricing while giving buyers more choice and improved negotiating opportunities than they experienced during the peak seller's market.

Interest Rate Environment

The Bank of Canada continues to hold its overnight policy rate at 2.25%, providing stability for mortgage borrowers. With inflation remaining close to the Bank's target range, borrowing costs have remained relatively predictable, supporting confidence among both buyers and sellers.

Three Major Economic Stories

1. The Bank of Canada continues to maintain its policy rate at 2.25%, helping provide stable borrowing conditions for homebuyers.

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

3. Calgary continues to attract new residents and investors thanks to its relative housing affordability compared with other major Canadian cities.

Outlook

Calgary's housing market continues to demonstrate resilience despite softer sales volumes compared with last year. Lower inventory levels, stable interest rates, and a strong provincial economy are helping maintain price stability while creating a healthier balance between buyers and sellers.

As the market moves further through the summer, buyers are benefiting from improved selection and more balanced negotiating conditions, while sellers continue to see solid home values supported by Calgary's long-term economic and population growth.