Real Estate Blog

Calgary Real Estate Market Update – August 4, 2026

Daily Market Activity

Calgary's housing market continues to show balanced conditions as August progresses. While sales activity remains below last year's pace, home prices have remained resilient and inventory levels continue to provide buyers with greater choice.

As of August 3, the market has recorded 115 residential sales, compared with 204 during the same period in 2025, a decline of 43.6%. New listings total 154 properties, down 49.0% year over year, while active inventory stands at 6,607 homes, a 4.7% decrease from the same time last year.

Home values continue to demonstrate stability. The median sale price for August to date is $562,000, an increase of 5.1% compared with the same period in 2025. The average sale price has increased 1.1% to $592,917. Homes are averaging 39 days on market, compared with 37 days during the same period last year.

Year-to-Date Trends

Calgary has recorded 13,107 residential sales so far in 2026, down 10.8% from 14,696 sales during the same period in 2025.

New listings total 24,391 properties, representing a 9.9% decline year over year. Despite fewer transactions, home values continue to remain remarkably stable.

The year-to-date median sale price is $580,000, down only 0.09% from last year, while the average sale price has increased 2.0% to $645,879. These figures continue to highlight the strength and resilience of Calgary's housing market.

Weekly Market Trends

For the week ending August 3, Calgary recorded 424 residential sales, a 14.7% decrease compared with the same week in 2025.

New listings totaled 671 properties, down 16.7% year over year, while active inventory declined 4.7% to 6,607 homes.

The weekly median sale price came in at $560,000, a modest 1.3% decrease from the comparable week last year. The average sale price increased slightly to $634,293, up 0.7% year over year. Homes averaged 41 days on market compared with 38 days during the same week in 2025.

General Market Trends

Calgary continues to benefit from strong long-term fundamentals, including steady population growth, ongoing migration into Alberta, and one of the most affordable housing markets among Canada's major cities. Buyers continue to enjoy improved inventory levels and more negotiating flexibility, while sellers are supported by stable home values and consistent demand.

Interest Rate Environment

The Bank of Canada continues to hold its overnight policy rate at 2.25%. Inflation remains close to the Bank's target, and stable borrowing costs continue to provide a supportive backdrop for Calgary's housing market heading into late summer.

Three Major Economic Stories from August 3

1. Financial markets continue to anticipate a stable interest rate environment as inflation remains well contained.

2. Alberta's economy continues to benefit from stable energy prices, solid employment, and continued population growth, supporting long-term housing demand.

3. Housing markets across Canada continue shifting toward more balanced conditions, with Calgary remaining one of the country's strongest major markets due to its affordability and resilient economy.

Outlook

Calgary's housing market continues to perform well despite slower sales activity compared with last year's exceptional pace. Inventory remains balanced, home prices continue to hold steady, and buyers have more opportunities than they have had in recent years.

Looking ahead, stable interest rates, continued population growth, and Alberta's strong economic outlook should continue to support a healthy and balanced real estate market through the remainder of the summer and into the fall.