Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 22, 2026 – 9:02 AM MST

CALGARY DAILY HOUSING SUMMARY
Yesterday, Calgary recorded 36 total sales, down 54 percent from the previous day’s 79 transactions. While daily figures often fluctuate at week’s end, activity has moderated slightly as buyers adjust to a more balanced market. New listings came in at 45, compared with 150 the day before, indicating a temporary pause in supply after a busy week. Active inventory remains at 4,876 homes, holding steady and up nearly 20 percent year over year from 4,079 listings last February. This continued increase in available homes confirms Calgary’s transition toward balanced conditions.

SEVEN‑DAY TRAILING TRENDS
For the week of February 15 to 21, Calgary reported 367 sales, a 15.6 percent decline from the same period last year. New listings totaled 614, down 6.97 percent year over year, while active inventory rose nearly 20 percent. Median prices held firm at $572,500, virtually unchanged from 2025 levels, and average prices rose 3.5 percent to $632,113. Days on market averaged 39 this week, up from 33 last year, reflecting longer absorption times in a market that now offers buyers more choice and leverage.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
February month‑to‑date sales are down 9.6 percent from last year, with 1,118 transactions compared to 1,237 in 2025. New listings are slightly higher at 2,103 versus 2,047 a year ago, while inventory is up nearly 20 percent. Year‑to‑date sales stand at 2,352, a 12.4 percent decline from 2025, while new listings are down just 1 percent. This divergence between sales and supply continues to gradually increase market balance and moderate price pressure.

MORTGAGE RATE ENVIRONMENT
For qualified Alberta borrowers, the most competitive current mortgage rates are approximately as follows:

1‑Year Fixed: 4.39 % – 4.79 %
3‑Year Fixed: 3.59 % – 4.49 %
5‑Year Fixed: 3.69 % – 4.49 %
10‑Year Fixed: 5.50 % – 5.80 %
3‑Year Variable: 3.35 % – 3.95 %
5‑Year Variable: 3.35 % – 4.45 %

Borrowers should evaluate term lengths strategically based on their holding period and risk tolerance. Shorter terms and variables remain appealing for those expecting policy easing later in the year, while five‑year fixed rates offer stability for longer horizons.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next announcement scheduled for March 18, 2026 — 24 days away. Markets continue to price in a hold decision, though a slightly dovish tone persists as core inflation moves closer to the 2 percent target. Stable rates are supporting consumer confidence and allowing the housing market to find equilibrium.

ECONOMIC AND ENERGY CONTEXT
WTI crude trades around $61 USD per barrel, and Western Canadian Select maintains its typical discount. Energy stability continues to anchor Alberta’s economy and job market. Calgary population growth remains robust at an estimated 4 to 6 percent annual rate, adding roughly 180 to 200 residents per day. This underpins long‑term housing demand despite short‑term supply adjustments.

CALGARY ECONOMIC INDICATORS
Downtown office vacancy sits near 29 percent, rental vacancy remains around 4 to 5 percent, and unemployment hovers close to 6.7 percent. Together these factors paint a picture of a city that is stabilizing economically and moving toward moderate, sustainable housing conditions.

COMMUNITY PROFILE – AUBURN BAY
Auburn Bay is a highly sought‑after lake community in southeast Calgary known for its family‑oriented design, year‑round recreation, and modern housing mix. Developed by Brookfield Residential, it features a 10‑acre freshwater lake, clubhouse amenities, and a blend of detached, semi‑detached, and condominium options. The community is served by Auburn Bay School (K‑4), St. Gianna School (Catholic K‑6), and close access to Seton Urban District and the South Health Campus. Median household income sits around $135,000 with strong owner‑occupancy rates. Auburn Bay continues to rank as one of Calgary’s most resilient and active communities.

MARKET SUMMARY
Sales volumes have softened slightly this week, but inventory growth and stable pricing demonstrate a healthy transition to balance. Buyers now have more choice, and sellers who price competitively continue to achieve strong results. The overall tone of the Calgary market is one of confidence and stability rather than volatility.

MY PERSPECTIVE
The market is behaving rationally again — and that’s a good thing. Serious buyers are engaged, sellers are realistic, and pricing discipline has returned to the forefront. Opportunities exist for those who understand timing and positioning. This is a market where information and strategy drive results.

LET’S CONNECT
If you’re considering buying, selling, or simply want to understand where your home fits in today’s market, I’m always available to help. 

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark