Real Estate Blog

Calgary Real Estate Market Update – August 23, 2026

Calgary Market Remains Resilient as Prices Hold Firm

Calgary’s housing market continues to demonstrate resilience as August progresses. While sales activity remains below last year’s pace, home prices continue to show strength, supported by balanced inventory, steady demand, and favourable economic conditions.

The latest market data suggests the market is transitioning into a healthier, more sustainable environment where buyers have more choice without significant downward pressure on prices.

Daily Market Snapshot

As of August 22, Calgary has recorded 1,165 residential sales for the month, representing a 22.1% decline compared to the 1,496 sales recorded during the same period in August 2025.

New listings total 2,398 properties, down 12.2% year over year, while active inventory sits at 6,876 homes, a modest 1.8% decrease from last year. With fewer new listings entering the market, inventory remains relatively balanced despite slower sales.

Home values continue to remain stable:

• Median Sale Price: $565,000, up 0.9% year over year.

• Average Sale Price: $651,562, an 8.1% increase over August 2025.

• Average Days on Market: 41 days, compared with 38 days last year, indicating buyers are taking slightly more time to make purchasing decisions.

Year-to-Date Performance

Through August 22, Calgary has recorded:

• 14,153 residential sales, down 11.5% from the same period in 2025.

• 26,635 new listings, a 9.7% decrease year over year.

• Year-to-date median sale price: $580,000, unchanged from last year.

• Year-to-date average sale price: $646,829, up 2.5%.

Although transaction volumes remain below last year's exceptional levels, pricing continues to demonstrate remarkable stability.

Weekly Market Trends

For the seven-day period ending August 22:

• 393 homes sold, down 20.8% compared with the same week in 2025.

• 731 new listings were added to the market, a decline of 8.9%.

• Active inventory totaled 6,876 homes, down 1.8% year over year.

Pricing continues to outperform sales volume:

• Weekly Median Price: $565,000, up 2.7%.

• Weekly Average Price: $651,767, an increase of 9.5%.

• Homes averaged 43 days on market, compared with 38 days during the same week last year.

Market Conditions

Calgary continues to benefit from several key advantages:

• Inventory remains balanced, providing more opportunities for buyers while maintaining healthy competition for sellers.

• Population growth and interprovincial migration continue to support long-term housing demand.

• Calgary remains one of Canada's most affordable major cities, attracting both first-time buyers and investors.

• Well-priced homes continue to sell steadily despite a slower overall market pace.

Rather than signaling weakness, today's conditions reflect a more normalized and sustainable housing market after several years of exceptionally high activity.

Interest Rate Update

The Bank of Canada continues to hold its overnight policy rate at 2.25%. Stable interest rates are helping maintain buyer confidence while improving predictability for homeowners renewing or securing mortgages.

Economic Highlights

Several economic factors continue to support Calgary's housing market:

• Stable interest rates continue to improve affordability and borrowing confidence.

• Strong employment and population growth across Alberta remain key drivers of housing demand.

• Calgary's affordability advantage over many other major Canadian cities continues to attract new residents and investors.

Looking Ahead

As Calgary heads toward the end of the summer market, conditions remain encouraging. Sales have moderated compared to last year's exceptional pace, but stable home prices, balanced inventory, and favourable economic fundamentals continue to create a healthy environment for both buyers and sellers.

With steady migration, continued economic growth, and stable borrowing costs, Calgary remains one of Canada's strongest and most resilient real estate markets heading into the fall season.