Real Estate Blog

Calgary Real Estate Market Update – August 3, 2026

Daily Market Activity

Calgary's housing market continues to demonstrate resilience as August gets underway. While sales activity remains below last year's pace, home prices have remained stable and inventory continues to support balanced market conditions.

As of August 2, the market has recorded 79 residential sales, compared with 174 during the same period in 2025, representing a 54.6% decline. New listings total 100 properties, down 63.1% year over year, while active inventory stands at 6,616 homes, a modest 4.7% decrease from last year.

Home values remain strong despite slower seasonal activity. The median sale price for August to date is $567,500, an increase of 6.7% compared with the same period last year. The average sale price has also risen 3.4% to $598,476. Homes are currently averaging 42 days on the market, compared with 37 days at the same time in 2025.

Year-to-Date Trends

Calgary has recorded 13,071 residential sales so far in 2026, down 10.9% compared with 14,666 sales during the same period in 2025.

New listings total 24,337 properties, a 10.0% decrease year over year. Despite lower transaction volumes, home values continue to show remarkable stability.

The year-to-date median sale price remains at $580,000, virtually unchanged from last year with a slight decline of just 0.09%. Meanwhile, the average sale price has increased 2.1% to $646,058, highlighting the continued strength of Calgary's housing market.

Weekly Market Trends

For the week ending August 2, Calgary recorded 442 sales, a 10.2% decrease compared with the same week last year.

New listings totaled 687 properties, down 14.5% year over year, while active inventory decreased 4.7% to 6,616 homes.

The weekly median sale price was $560,000, down 1.5% from the comparable week in 2025, while the average sale price remained essentially unchanged at $630,608, up 0.2%. Homes averaged 42 days on market compared with 38 days during the same week last year.

General Market Trends

Calgary continues to be one of Canada's most resilient real estate markets. Population growth, continued migration into Alberta, a diversified economy, and relative affordability continue to support long-term housing demand.

Although sales have moderated from the exceptional pace experienced in 2025, today's market offers healthy inventory, stable pricing, and improved opportunities for buyers while allowing sellers to continue benefiting from historically strong property values.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Stable borrowing costs, easing inflation, and steady employment continue to provide a supportive backdrop for Calgary's housing market as the summer season progresses.

Three Major Economic Stories from August 2

1. Interest rate expectations remain stable as inflation continues to stay near the Bank of Canada's target range.

2. Alberta's economy continues to benefit from strong employment, energy sector stability, and ongoing population growth, supporting housing demand across Calgary.

3. National housing markets continue adjusting to more balanced conditions, while Calgary remains among Canada's strongest-performing major cities due to its affordability and economic fundamentals.

Outlook

Calgary's housing market continues to transition into a healthy, balanced environment. While sales volumes remain below last year's exceptionally strong levels, inventory remains manageable and home prices continue to demonstrate resilience.

As the market moves further into August, buyers can expect greater selection and negotiating flexibility, while sellers continue to benefit from stable pricing and steady long-term demand. With solid economic fundamentals and stable interest rates, Calgary remains well positioned for a healthy late-summer and fall real estate market.