Real Estate Blog

Calgary Real Estate Market Update – August 20, 2026

Daily Market Activity

Calgary's housing market continues to transition toward balanced conditions as the summer selling season winds down. While sales activity remains below last year's pace, lower inventory levels and stable pricing continue to support the market.

As of August 19, Calgary has recorded 969 residential sales for the month, representing a 20.1% decrease compared with the 1,212 sales reported during the same period in August 2025.

New listings total 1,991 properties, down 11.3% year over year, while active inventory has eased to 6,777 homes, a 2.7% decline from last year. The reduced number of new listings continues to help offset softer demand, keeping overall market conditions relatively balanced.

Home values remain resilient. The median sale price is $561,750, down only 0.6% from a year ago, while the average sale price has climbed 6.1% to $648,208. Homes are taking an average of 41 days to sell, compared with 39 days during the same period in 2025.

Year-to-Date Trends

Through August 19, Calgary has recorded 13,957 residential sales, down 11.1% from the 15,704 sales recorded during the same period last year.

Year-to-date new listings total 26,228 properties, a 9.6% decline from 2025. Despite fewer transactions, pricing has remained remarkably stable. 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 $646,530.

These figures continue to demonstrate that Calgary's housing market remains fundamentally healthy, with demand remaining strong enough to support prices despite lower sales volumes.

Weekly Market Trends

For the week ending August 19, Calgary recorded 376 residential sales, representing a 16.3% decrease compared with the same week in 2025.

New listings totaled 740 properties, down 12.5% year over year, while active inventory declined 2.7% to 6,777 homes.

The weekly median sale price measured $557,075, a 2.3% decrease from the same week last year. However, the weekly average sale price increased 5.4% to $645,385, indicating continued strength in higher-value property segments. Homes averaged 41 days on market, one day longer than the previous year.

General Market Trends

Calgary continues to benefit from steady population growth, interprovincial migration, and one of Canada's strongest regional economies. Although sales volumes have moderated compared with the exceptionally active market of 2025, inventory also remains below last year's levels, helping maintain price stability.

Today's market offers buyers greater choice and improved negotiating opportunities while allowing sellers to continue benefiting from resilient home values supported by limited supply and steady long-term demand.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%, providing a stable borrowing environment for homebuyers. With inflation remaining close to target, interest rates continue to support confidence across Calgary's housing market.

Three Major Economic Stories

1. Interest rates remain stable, with the Bank of Canada maintaining its 2.25% policy rate, supporting mortgage affordability and buyer confidence.

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

3. Calgary's affordability advantage over larger Canadian markets continues to attract new residents and long-term real estate investment, supporting ongoing housing demand.

Outlook

Calgary's real estate market remains resilient despite softer sales activity compared with last year. Lower inventory levels, stable borrowing costs, and continued economic and population growth are helping keep home prices remarkably stable.

As the market approaches the fall season, buyers can expect improved selection and more balanced negotiating conditions, while sellers continue to benefit from solid pricing supported by healthy long-term demand and Calgary's strong economic fundamentals.