Real Estate Blog

Calgary Real Estate Market Update – August 21, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate resilience as the summer market progresses. While sales remain below last year’s pace, lower inventory levels and steady home prices continue to support balanced market conditions.

As of August 20, Calgary has recorded 1,045 residential sales for the month, representing a 19.9% decrease compared with the 1,304 sales recorded during the same period in August 2025.

New listings have reached 2,189 properties, down 7.1% year over year, while active inventory stands at 6,846 homes, a modest 1.2% decrease from last year. The continued decline in new listings is helping keep inventory from rising despite softer buyer activity.

Home prices remain remarkably stable. The median sale price sits at $565,000, up 0.4% from the same period last year, while the average sale price has increased 7.4% to $652,156. Homes are averaging 41 days on market, compared with 39 days during the same period in 2025.

Year-to-Date Trends

Through August 20, Calgary has recorded 14,033 residential sales, down 11.2% from the 15,796 sales reported during the same period last year.

Year-to-date new listings total 26,426 properties, a 9.2% decline from 2025. Despite fewer transactions, pricing continues to remain strong. The year-to-date median sale price remains steady at $580,000, unchanged from last year, while the average sale price has increased 2.4% to $646,833.

These figures highlight the stability of Calgary’s housing market, where limited inventory and consistent demand continue to support home values.

Weekly Market Trends

For the week ending August 20, Calgary recorded 395 residential sales, a 17.9% decrease compared with the same week in 2025.

New listings totaled 741 properties, down 12.6% year over year, while active inventory declined 1.2% to 6,846 homes.

The weekly median sale price measured $556,150, down 0.7% from the same week last year. However, the weekly average sale price increased 6.8% to $647,361, suggesting continued strength in higher-priced market segments. Homes averaged 41 days on market, slightly higher than the 39 days recorded one year ago.

General Market Trends

Calgary continues to benefit from strong population growth, interprovincial migration, and one of Canada’s healthiest regional economies. Although overall sales activity has moderated compared with last year’s exceptionally active market, inventory also remains below 2025 levels, helping maintain balanced conditions.

Buyers continue to enjoy improved selection and negotiating opportunities, while sellers benefit from stable pricing supported by limited supply and sustained long-term demand.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%, providing stability for borrowers and supporting confidence across Calgary’s housing market. Mortgage conditions remain considerably more favourable than they were during the peak of the rate-hiking cycle.

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 regions of Canada, driven by strong employment growth, population gains, and ongoing private investment.

3. Calgary’s affordability advantage compared with other major Canadian cities continues to attract homebuyers, investors, and new residents, supporting long-term housing demand.

Outlook

Calgary’s housing market continues to show resilience despite lower sales volumes compared with last year. Stable pricing, declining inventory, and steady economic fundamentals continue to create balanced conditions for both buyers and sellers.

As the market approaches the fall season, healthy population growth, stable borrowing costs, and Alberta’s strong economic outlook are expected to support ongoing housing demand. Calgary remains one of Canada’s most balanced and fundamentally sound real estate markets heading into the second half of 2026.