Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 23, 2026 – 9:05 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 26 total sales yesterday, down 27 percent from 36 transactions the previous day and continuing a quiet start to the week. New listings eased to 35, compared with 45 on Friday, reflecting a typical weekend slowdown in market activity. Active inventory remains steady at 4,879 homes — virtually unchanged from the day before and up 20 percent from the same time last year. The combination of moderating sales and rising inventory continues to underscore Calgary’s shift toward balanced market conditions after two years of tight supply.

SEVEN‑DAY TRAILING TRENDS
From February 16 to 22, Calgary saw 366 sales, a 17.4 percent decline compared with the same week in 2025. New listings totaled 628 properties, 4.1 percent lower than a year ago. Despite the year‑over‑year drop in sales and new listings, overall inventory is 20 percent higher at 4,879 homes. Median prices held firm at $576,000, up 1.1 percent from last year, and average prices rose 4.8 percent to $641,223. Days on market averaged 40 versus 34 last year, illustrating slower absorption but steady demand.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
February month‑to‑date sales stand at 1,144, down 11.7 percent from 1,296 last year, while new listings total 2,138 — nearly 2 percent higher. Active listings remain up 20 percent year over year. Year‑to‑date sales are 2,378, down 13.4 percent from 2025, and new listings are essentially flat. These trends confirm that Calgary is experiencing a measured adjustment from peak market conditions rather than a slowdown.

MORTGAGE RATE ENVIRONMENT
For qualified Alberta borrowers, current competitive mortgage rates are approximately:

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 %

Rate competition has intensified among major lenders and broker channels, with well‑qualified borrowers often seeing offers below advertised bank rates. Term selection remains strategic as policy decisions approach in March.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next announcement scheduled for March 18 — 23 days away. Markets continue to anticipate a hold, with some expectation of potential easing in mid‑2026 if inflation stays within target range. Rate stability is supporting predictable conditions for buyers and sellers alike.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading around $61–$63 USD per barrel, with Western Canadian Select holding its standard discount. Energy sector stability continues to underpin employment and population growth in Calgary. The city is adding approximately 180 to 200 new residents per day, driven by migration from other provinces and international arrivals. This steady population growth is providing a consistent foundation for housing demand across the region.

CALGARY ECONOMIC INDICATORS
Office vacancy rates remain near 29 percent, residential rental vacancy is around 4 to 5 percent, and unemployment sits in the mid‑6 percent range. These metrics reflect a stabilizing urban economy after a period of adjustment. Increased housing supply and steady employment growth are producing a sustainable foundation for the 2026 market cycle.

COMMUNITY PROFILE – WEST SPRINGS
West Springs is one of Calgary’s most sought‑after communities in the city’s west corridor, offering a blend of luxury homes, family properties, and newer townhouse developments. Known for its proximity to the Canadian Rockies and downtown access via Bow Trail and Old Banff Coach Road, West Springs offers a balanced lifestyle between urban convenience and suburban comfort. Median household income exceeds $160,000, and schools such as West Springs School (K‑6) and St. Joan of Arc (K‑9) serve the area. Retail and services along 85th Street SW continue to expand, making West Springs a self‑contained and high‑performing neighbourhood within the city.

MARKET SUMMARY
Calgary’s market remains steady with rising inventory and moderate sales activity. Prices are stable to slightly higher year over year, and the city has entered a phase of normalization characterized by measured buyer engagement and pragmatic seller expectations. This balance is favorable for long‑term market health.

MY PERSPECTIVE
Calgary is in a data‑driven market phase where strategy and timing matter more than speed. Buyers are active but thoughtful; sellers are motivated but disciplined. The most successful transactions today come from accurate pricing, clear communication, and well‑executed marketing. This is a professional market — and that’s a positive sign for everyone involved.

LET’S CONNECT
If you are considering buying or selling, or simply want to discuss your home’s position in the current market, I’m always happy to help. 

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark