Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 26, 2026 – 8:55 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 73 total residential sales on February 25, maintaining consistent activity as the city moves through the final week of the month. New listings rose to 102, reflecting solid engagement from sellers while keeping the overall balance between supply and demand. Active listings remain at 4,820 homes, approximately 19.4 percent higher than the same time last year. The increase in available properties continues to moderate price growth and supports a balanced, sustainable market environment.

SEVEN-DAY TRAILING TRENDS
During the week of February 19 to 25, Calgary reported 404 total sales, a 16.7 percent decrease compared to the same week in 2025. New listings totaled 633, a 10 percent decline year over year. The median price for the week was $569,500, up slightly from $565,000 in 2025, while the average price rose 6.1 percent to $652,886. Homes spent an average of 38 days on the market, compared with 32 last year, reflecting a slower but steady pace of activity as buyers take more time to evaluate options.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
As of February 25, month-to-date sales reached 1,333, down 8.2 percent compared with the same period last year. New listings have increased by 3.8 percent year over year to 2,368, while active inventory remains elevated at 4,820 units. The average price for February stands at $633,409, representing a 3.1 percent annual increase, and the median price holds steady at $565,000. Year-to-date, total sales are down 11.5 percent to 2,567, with average pricing up 2.7 percent to $625,925. Market performance remains resilient, driven by balanced demand and stable pricing.

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 active in spring market promotions, and short-term fixed terms continue to be popular among borrowers seeking flexibility while rates remain steady.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate is holding at 2.25 percent, with the next policy announcement scheduled for March 18. Economists anticipate a continued pause through the spring, with the possibility of gradual easing later in 2026 depending on inflation data. The stable interest rate environment is supporting buyer confidence and consistent lending conditions as the market transitions toward spring.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, while Western Canadian Select remains around 50 USD. Steady energy prices continue to support employment and wage growth in Calgary, contributing to overall market strength. The city’s population growth remains robust, with approximately 180 new residents added daily, sustaining demand across both the ownership and rental sectors.

CALGARY ECONOMIC INDICATORS
Unemployment is holding near 6.5 percent, with office vacancy stable at 29 percent and residential rental vacancy around 4 percent. Builders continue to focus on mid-density and multi-family projects to improve affordability and meet the ongoing demand created by migration and demographic growth. These economic trends point to a well-balanced and fundamentally strong market environment.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains a highly desirable southwest Calgary community known for its estate homes, top-tier schools, and convenient access to the mountains via Highway 1. The community’s average sale price sits around 1.1 million dollars, with steady activity in both detached and luxury townhouse segments. Aspen Woods continues to attract professionals and families seeking long-term value and high-quality amenities.

MARKET SUMMARY
Calgary’s real estate market continues to reflect stability and balance. Inventory growth has provided buyers with more choice while supporting steady prices across most property categories. Sales levels remain moderate, and the city appears well-positioned for a gradual and healthy spring transition.

MY PERSPECTIVE
This is a market built on strategy and balance. Buyers have greater opportunity to compare options, and sellers who price accurately continue to achieve reliable results. Calgary remains one of Canada’s most resilient housing markets, characterized by strong fundamentals and steady demand.

LET’S CONNECT
If you are considering buying, selling, or reviewing your position in the current market, I am always happy to help.

403-465-1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark