Calgary Real Estate & Economic Update

February 21, 2026 – 8:00 AM MST

Calgary Daily Housing Summary 

Total Sales (Yesterday): 79
Compared with Feb 19: 74
Day‑over‑day change: +5 sales (+6.8 % increase)

New Listings (Yesterday): 150
Compared with Feb 19: 173
Day‑over‑day change: –23 listings (–13.3 % decrease)

Active Listings (Current Total): 4 872
Compared with Feb 19: 4 835
Day‑over‑day change: +37 listings (+0.76 % increase)

7‑Day Trailing Sales (Feb 14 – 20)

Total Sales – Last 7 Days: 374
Same 7‑Day Period Last Year: 426
Year‑over‑year change: –52 sales (–12.21 % decrease)

New Listings – Last 7 Days: 621
Same 7‑Day Period Last Year: 665
Year‑over‑year change: –44 listings (–6.62 % decrease)

Active Listings vs One Year Ago: 4 872 today vs 4 060 one year ago
Year‑over‑year change: +812 listings (+20.00 % 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 (25 days away)**

Markets expect the BoC to hold rates, but commentary remains slightly dovish given moderating inflation and steady employment.

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 credit profile and income structure.

403‑465‑1133
noahmiller@royallepage.ca

Energy & Economic Drivers

WTI crude remains near $61–$63 USD, while Western Canadian Select continues its standard discount. 
Oil and gas stability remains key .

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 a steady economic base across southern Alberta.

Calgary Economic Indicators

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

Sales have softened slightly on a weekly basis while inventory is rising — creating balanced conditions favouring well‑prepared buyers.

Population Growth – Calgary

Estimated population (today): 1 461 500 residents

Calgary continues to add roughly 180–200 people per day through interprovincial and international migration. Population growth remains one of the city’s most important long‑term housing drivers.

Community Profile – McKenzie Towne 

(SE Calgary)

McKenzie Towne is a vibrant master‑planned community designed with traditional main‑street architecture and strong community identity. It features four sub‑districts (Prestwick, Elgin, Inverness Village and High Street) with a mix of detached homes, townhouses and condominiums.

Schools: McKenzie Towne School (K‑4), St. Albert the Great (Catholic K‑9).
Amenities: High Street offers restaurants, boutiques and services; Seton and 130 Avenue corridors provide major shopping and healthcare access.
Median Household Income: ≈ $110 000–$125 000.
Distance to Downtown: ≈ 18 km    Commute time: 25–30 min off‑peak / 35–45 min rush hour.
Greenspace: Extensive parks, pathways and community ponds throughout Prestwick and Elgin.

McKenzie Towne remains one of Calgary’s most recognizable and enduring southeast neighbourhoods — offering walkability and small‑town character within the city.

Market Summary

• Sales rose modestly yesterday.
• New listings eased slightly after a busy day prior.
• Inventory continues to trend up week over week.
• Year‑to‑date sales remain below 2025 levels but momentum is building.

Calgary remains in a balanced market — steady sales and rising inventory are creating more normal conditions after two years of tight supply.

My Perspective

Serious buyers remain active. 
Well‑priced homes are moving. 
Inventory growth creates opportunity for strategic buyers and sellers alike.

This is a data‑driven, strategy market — not a rush‑market.

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