Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 25, 2026 – 9:02 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 70 total residential sales on February 24, continuing a steady upward pace as the month draws to a close. New listings reached 81, nearly matching daily sales, which maintains balance in overall market activity. Active listings remain at 4,828 — about 19 percent higher than the same time last year — giving buyers more choice while preventing sharp pricing swings. This combination of healthy demand and improving supply suggests Calgary is operating in a sustainably balanced environment.

SEVEN‑DAY TRAILING TRENDS
During the week of February 18 to 24, the city saw 395 sales, down 18.7 percent from the same week in 2025. New listings came in at 636, an 8.2 percent decline year over year. The median price for the week was $565,000, holding steady from a year ago, while the average price rose 5 percent to $644,142. Average days on market increased to 41, up from 32 last February, indicating that buyers are taking a more measured approach while remaining active in most segments.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
So far in February, Calgary has seen 1,260 total sales, a 9.3 percent decline from this point last year. New listings are up slightly to 2,266, a 3.5 percent increase year over year. Active inventory remains elevated by roughly 19 percent at 4,828 units. Average price levels are up 3.2 percent to $632,525, with the median price holding steady at $560,000. Days on market have remained within a consistent range of 33 to 42 days for most property types. Overall, the market is tracking toward a balanced finish to the month with prices stable and demand resilient.

MORTGAGE RATE ENVIRONMENT
Current competitive rates for well‑qualified Alberta borrowers are approximately as follows: 1‑Year Fixed 4.39 to 4.79 percent; 3‑Year Fixed 3.59 to 4.49 percent; 5‑Year Fixed 3.69 to 4.49 percent; 10‑Year Fixed 5.50 to 5.80 percent; 3‑Year Variable 3.35 to 3.95 percent; and 5‑Year Variable 3.35 to 4.45 percent. Lenders remain competitive as bond yields stabilize and brokers continue to price for spring volume. Borrowers considering shorter‑term fixed options may find flexibility advantageous as policy rates stabilize.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next policy announcement set for March 18. Markets anticipate no immediate change, but expectations for a modest cut later in 2026 remain in place. This rate stability continues to anchor buyer confidence and encourage consistent market activity.

ECONOMIC AND ENERGY CONTEXT
WTI crude is holding near $62 USD per barrel, with Western Canadian Select around $50 USD. The energy sector’s steady performance supports job growth and incomes throughout the Calgary region. Migration continues to drive housing demand, with Calgary adding roughly 180 to 200 residents per day through interprovincial and international arrivals.

CALGARY ECONOMIC INDICATORS
Unemployment remains in the mid‑6 percent range, office vacancy around 29 percent, and rental vacancy near 4 percent. These steady figures reflect a market balancing stability with measured growth. Builders continue to focus on townhomes and multi‑family projects to meet entry‑level demand and keep pace with population growth.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains a top‑tier southwest Calgary community offering luxury homes, access to top schools, and a convenient route to the Canadian Rockies via Highway 1. Average prices hover near $1.1 million, and turnover remains steady as demand persists from professionals and families seeking quality of life and strong amenities.

MARKET SUMMARY
Calgary’s market is demonstrating balance and durability. Sales activity has normalized from the record levels of recent years, while supply growth is helping to moderate price pressure. Steady mortgage rates and local economic fundamentals continue to anchor market confidence as spring approaches.

MY PERSPECTIVE
This market rewards strategy, preparation, and realistic pricing. Buyers benefit from expanded choice and favorable rates, while sellers who price in line with current conditions are still seeing strong results. Calgary continues to stand out as one of Canada’s most resilient and stable real estate markets.

LET’S CONNECT
If you’re considering buying or selling, or simply want to discuss 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