Real Estate Blog

Calgary Real Estate Market Update – August 7, 2026

Daily Market Activity

Calgary’s housing market continues to move through a balanced summer season, with sales activity remaining below last year’s pace while home values demonstrate continued resilience. Buyers continue to benefit from improved inventory compared with recent years, while sellers are supported by stable pricing and healthy market fundamentals.

As of August 6, the market has recorded 297 residential sales, compared with 360 during the same period in 2025, representing a 17.5% decline. New listings total 586 properties, down 7.4% year over year, while active inventory stands at 6,652 homes, a 3.7% decrease from the same point last year.

Home prices remain relatively stable. The median sale price for August to date is $560,000, down just 0.7% from the same period last year. The average sale price has increased 4.4% year over year to $648,271, reflecting continued strength in higher-priced market segments. Homes are averaging 40 days on market, compared with 38 days during the same period in 2025.

Year-to-Date Trends

Through August 6, Calgary has recorded 13,289 residential sales, down 10.5% from the 14,852 transactions reported during the same period in 2025.

New listings total 24,823 properties, representing a 9.4% decline year over year. Despite fewer transactions, home values have remained remarkably resilient.

The year-to-date median sale price stands at $580,000, down just 0.2% from last year, while the average sale price has increased 2.1% to $646,390. These figures continue to demonstrate the long-term strength of Calgary’s housing market despite a moderation in overall sales activity.

Weekly Market Trends

For the week ending August 6, Calgary recorded 391 residential sales, a 14.4% decline compared with the same week in 2025.

New listings totaled 749 properties, down 9.4% year over year, while active inventory declined 3.7% to 6,652 homes.

The weekly median sale price was $560,000, down just 0.6% from the comparable week last year, while the average sale price increased 1.9% to $644,540. Homes averaged 40 days on market, compared with 38 days during the same week in 2025.

General Market Trends

Calgary continues to benefit from strong population growth, ongoing interprovincial migration, and a diversified economy supported by energy, technology, logistics, manufacturing, and professional services. While sales have moderated from the exceptional pace of previous years, balanced inventory and resilient pricing continue to create healthy market conditions for both buyers and sellers.

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 support buyer confidence as the summer market progresses.

Three Major Economic Stories from August 6

1. Financial markets continue to expect the Bank of Canada to maintain stable interest rates, supporting confidence among homebuyers and sellers.

2. Alberta’s economy remains supported by solid employment, continued population growth, and steady energy prices, helping sustain long-term housing demand.

3. Calgary continues to rank among Canada’s most affordable major housing markets, attracting families, professionals, and investors seeking stronger value than many larger metropolitan areas.

Outlook

Calgary’s housing market continues to demonstrate healthy fundamentals despite lower sales volumes compared with last year. Stable pricing, declining inventory, and continued economic growth point to a market that remains well balanced.

As the summer season continues, steady migration, stable interest rates, and Alberta’s economic strength are expected to support ongoing housing demand, positioning Calgary for continued stability through the remainder of the season.