Real Estate Blog

Calgary Real Estate Market Update – August 8, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate resilience as the first week of August comes to a close. While sales remain below last year’s pace, inventory levels continue to trend lower, supporting stable market conditions and providing balanced opportunities for both buyers and sellers.

As of August 7, the market has recorded 371 residential sales, compared with 432 during the same period in 2025, representing a 14.1% year-over-year decline. New listings total 807 properties, down 7.2% from last year, while active inventory sits at 6,723 homes, a 4.2% decrease from the same time in 2025.

Home prices continue to hold firm. The median sale price for August to date has increased 2.1% year over year to $570,330, while the average sale price has climbed 6.6% to $661,521. Homes are averaging 40 days on market, compared with 38 days during the same period last year, indicating that well-priced properties continue to attract buyer interest.

Year-to-Date Trends

Through August 7, Calgary has recorded 13,363 residential sales, down 10.5% from the 14,924 transactions reported during the same period in 2025.

New listings total 25,044 properties, representing a 9.4% decline year over year. Despite lower transaction volumes, home values remain remarkably stable. The year-to-date median sale price stands at $580,000, virtually unchanged from last year with only a 0.1% decline, while the average sale price has increased 2.1% to $646,769.

These figures continue to highlight Calgary's ability to maintain pricing stability despite softer sales activity, supported by strong underlying demand and balanced inventory.

Weekly Market Trends

For the week ending August 7, Calgary recorded 371 residential sales, down 14.1% from the comparable week in 2025.

New listings declined 7.2% to 807 properties, while active inventory fell 4.2% to 6,723 homes.

Pricing remained a bright spot, with the weekly median sale price increasing 2.1% to $570,330 and the average sale price rising 6.6% to $661,521 compared with the same week last year. Homes averaged 40 days on market, slightly higher than the 38-day average recorded one year ago.

General Market Trends

Calgary continues to benefit from strong population growth, steady interprovincial migration, and a diversified economy supported by energy, technology, logistics, manufacturing, and professional services. While overall sales have moderated compared with previous years, declining inventory and resilient pricing continue to support a balanced and healthy housing market.

Compared with many major Canadian cities, Calgary remains one of the country's most affordable large urban housing markets, continuing to attract new residents, investors, and businesses.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Inflation remains near the Bank's target range, and stable borrowing costs continue to provide confidence for both buyers and sellers navigating the summer housing market.

Three Major Economic Stories from August 7

1. Financial markets continued to anticipate a stable interest-rate environment, supporting confidence across Canada's housing sector.

2. Alberta's economy remained resilient, with continued population growth and strong labour market conditions helping sustain long-term housing demand.

3. Calgary continued to benefit from its relative affordability among Canada's major metropolitan areas, supporting ongoing migration and buyer interest despite slower national housing activity.

Outlook

Calgary’s housing market continues to show healthy fundamentals entering the second week of August. Although sales remain below last year's pace, declining inventory, stable interest rates, and strengthening home prices point to a market that remains balanced and resilient.

With continued economic growth, strong migration, and improving affordability relative to other major Canadian cities, Calgary remains well positioned for a stable and active housing market through the remainder of the summer.