Calgary Real Estate & Economic Update

February 20 Calgary Real Estate Board

Total Sales (Yesterday): 74
Compared with Feb 18: 64
Day‑over‑day change: +10 sales (+15.6 % increase)

New Listings (Yesterday): 173
Compared with Feb 18: 105
Day‑over‑day change: +68 listings (+64.8 % increase)

Active Listings (Current Total): 4 835
Compared with Feb 18: 4 770
Day‑over‑day change: +65 listings (+1.36 % increase)

7‑Day Trailing Sales (Feb 13–19)

Total Sales – Last 7 Days: 406
Same 7‑Day Period Last Year: 427
Year‑over‑year change: –21 sales (–4.92 % decrease)

New Listings – Last 7 Days: 627
Same 7‑Day Period Last Year: 635
Year‑over‑year change: –8 listings (–1.26 % decrease)

Active Listings vs One Year Ago: 4 835 today vs 3 955 one year ago
Year‑over‑year change: +880 listings (+22.25 % increase)

Interest Rate Snapshot

Bank of Canada Overnight Rate: 2.25 %
Prime Rate (major banks): 4.45 %

Next Bank of Canada Rate Announcement: March 18 2026 (26 days away)**

Market expectations continue to lean toward a hold, with a slightly dovish bias as core inflation edges closer to the 2 % target.

Today’s Best Mortgage Rates (typical ranges)

• 1‑Year Fixed ≈ 4.69 %
• 3‑Year Fixed ≈ 3.59 %
• 5‑Year Fixed ≈ 3.69 %
• 10‑Year Fixed ≈ 5.24 %
• 3‑Year Variable ≈ 3.45 %
• 5‑Year Variable ≈ 3.35 %

Before shopping, it’s best to speak with a mortgage broker — their services are free and they can clarify borrowing power based on your credit profile and income structure.

403‑465‑1133
 noahmiller@royallepage.ca

Energy & Economic Drivers

WTI crude remains around the low‑$60 USD range, while Western Canadian Select crude oil blend trades at its typical discount. 
Alberta’s energy sector continues to benefit Western Canadian Select and migration into Calgary.

Agricultural Snapshot – Alberta 

Commodities

Canola ≈ $14.00–$14.50 CAD/bu Feed Barley ≈ $4.90–$5.50 Wheat ≈ $6.70–$6.85
Yellow Peas ≈ $8.50–$8.75 Oats ≈ $3.25–$3.75 Live Cattle ≈ $2.40–$2.50 USD/lb Hogs ≈ $0.60–$0.72 USD/lb

Agriculture continues to provide steady support to the provincial economy.

Calgary Economic Indicators

• Downtown Office Vacancy ≈ 28–30 %
• Rental Vacancy ≈ 4–5 %
• Unemployment ≈ 6.5–7 %

Listings growth suggests sellers are active, but sales volumes remain seasonally steady. Overall, market conditions are balanced heading into late February.

Population Growth – Calgary

Estimated population (today): 1 461 200 residents

Calgary continues to grow at ~4–6 % per year, adding roughly 180–200 new residents per day through interprovincial and international migration. Strong population inflows are a key support for long‑term housing demand.

Community Profile – New Brighton 

(SE Calgary)

New Brighton is a well‑established community in southeast Calgary bordering Copperfield and McKenzie Towne. It offers affordable detached homes, townhouses, and condos with a strong family focus.

Schools: New Brighton School (K‑6), St. Marguerite (Catholic K‑6), and Dr. Martha Cohen School (5‑9).
Amenities: New Brighton Club (recreation centre with tennis courts, rinks & community programs), 130 Avenue SE shopping, and easy access to,"Deerfoot Trail","Calgary highway" and "Stoney Trail","Calgary ring road".
Greenspace: Multiple parks, ponds, pathways, and connections to the Bow River corridor.

New Brighton remains a popular choice for young families seeking value and community amenities close to Seton and South Health Campus.

Market Summary

• Sales increased yesterday.
• New listings surged sharply.
• Active inventory continues to trend higher.
• 7‑day sales remain slightly below 2025 levels.

Calgary’s market is balanced — solid sales volumes and healthy inventory are creating a more sustainable environment for buyers and sellers alike.

My Perspective

Serious buyers are active and value‑driven.
Well‑priced homes are selling quickly.
Inventory growth is offering more choice and negotiation room.

This is a strategy market — data, timing, and presentation matter.

Let’s Connect

403‑465‑1133
 noahmiller@royallepage.ca

No pressure — just clear information and honest advice.

Noah Miller
Real Estate Professional – Royal LePage Benchmark Calgary real estate brokerage