Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 24, 2026 – 9:12 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 47 total residential sales yesterday, marking a slight recovery from the weekend slowdown and continuing February’s steady mid‑month pace. New listings reached 47, closely mirroring sales levels and keeping market balance in check. Active inventory currently stands at 4,848 homes, virtually unchanged from earlier in the week and 19 percent higher than the same time last year. The gap between available supply and completed transactions continues to support stable pricing and moderate absorption.

SEVEN‑DAY TRAILING TRENDS
From February 17 to 23, the city reported 393 total sales, a 10.5 percent decrease from the same week in 2025. New listings totaled 628, down 6.3 percent year over year, while active inventory remained 19 percent higher. Median prices held at $569,000 for the week, virtually flat versus last year, and average prices rose 4.2 percent to $638,852. Days on market averaged 40 days, up from 33 a year ago, indicating that buyers are taking more time to negotiate and sellers are adjusting expectations to current conditions.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
February month‑to‑date sales total 1,190, down 10.2 percent from last year’s 1,325 transactions. New listings are slightly higher at 2,185, representing a 2.4 percent increase from 2025. Inventory is up 19 percent year over year at 4,848 homes. Year‑to‑date sales stand at 2,424, down 12.6 percent from the same period in 2025, while new listings are down just 1.1 percent. Despite slower sales volume, Calgary’s price metrics remain resilient: the average price is $628,721 for February and $623,182 year‑to‑date, both up roughly 2 percent from last year.

MORTGAGE RATE ENVIRONMENT
For qualified Alberta borrowers, competitive current rates are approximately: 1‑Year Fixed 4.39–4.79 percent; 3‑Year Fixed 3.59–4.49 percent; 5‑Year Fixed 3.69–4.49 percent; 10‑Year Fixed 5.50–5.80 percent; 3‑Year Variable 3.35–3.95 percent; and 5‑Year Variable 3.35–4.45 percent. Lender competition remains strong in early 2026 as bond yields stabilize and brokers price in a potential mid‑year policy shift. Borrowers should balance rate certainty with flexibility as the next central bank decision approaches.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate is currently 2.25 percent, with the next announcement scheduled for March 18 — 22 days away. Market consensus expects a hold, with investors anticipating possible rate reductions beginning in the second half of the year. Stable monetary policy continues to anchor consumer confidence and keeps affordability trends predictable.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading around $62 USD per barrel, with crude oil blend  near $50 USD. Steady energy prices are supporting employment and incomes acrosWestern Canadian Selecth net migration continuing to add roughly 180 to 200 new residents per day. This underlying demand base is expected to sustain housing absorption even as inventory increases.

CALGARY ECONOMIC INDICATORS
Office vacancy rates remain around 29 percent, residential rental vacancy near 4 percent, and unemployment just above 6 percent. Steady labour conditions and energy sector stability continue to provide a foundation for market resilience. Most new housing supply growth is occurring in outer suburbs and multi‑family projects targeted at affordability segments.

COMMUNITY PROFILE – WEST SPRINGS
West Springs continues to stand out as one of Calgary’s most desirable neighborhoods for families and executive buyers. I

MARKET SUMMARY
Calgary continues to operate in a balanced environment characterized by steady supply, measured sales, and stable pricing. Rising inventory has not yet translated into price softness, suggesting underlying demand remains healthy. The market appears positioned for a gradual spring uptick as interest rates and seasonal activity normalize.

MY PERSPECTIVE
This is a market driven by data, not emotion. Balanced conditions reward preparation, pricing accuracy, and strategy. Sellers who align with market reality will continue to see strong results, while buyers benefit from improved choice and reduced competition. Both sides are operating on a more level playing field — a healthy sign for Calgary’s real estate cycle.

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

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark