Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 27, 2026 – 8:59 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 72 total residential sales on February 26, maintaining consistent market activity as the month draws to a close. New listings rose sharply to 199, a notable increase from the day prior, signaling improving seller confidence and strong pre‑spring listing momentum. Active inventory now stands at 4,918 homes, up 21.1 percent from a year earlier. The higher supply level continues to provide balance between buyers and sellers while stabilizing overall price trends.

SEVEN‑DAY TRAILING TRENDS
During the week of February 20 to 26, Calgary reported 402 total sales, a 15.9 percent decline compared with the same week in 2025. New listings reached 659, down 8.7 percent year over year. The median price for the week was $569,500, essentially unchanged from $572,000 last year, while the average price edged up 0.5 percent to $628,144. Homes spent an average of 52 days on the market, compared with 40 in 2025, reflecting a slower but steady pace of sales as inventory expands.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
As of February 26, month‑to‑date sales totaled 1,405, an 8 percent decline from the same time last year. New listings have risen 6.9 percent year over year to 2,567, and active inventory has expanded 21 percent to 4,918 units. The February average price sits at $628,452, up 1.8 percent annually, while the median price holds steady at $565,000. Year‑to‑date, Calgary has recorded 2,639 sales, down 11.3 percent from 2025, with new listings up slightly by 1.1 percent. The average price year‑to‑date is $623,490, a modest 2 percent gain, highlighting overall price resilience.

MORTGAGE RATE ENVIRONMENT
Current competitive mortgage rates for qualified Alberta borrowers are approximately: 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 ahead of the spring season, and many are offering rate‑hold options and cash‑back incentives to attract early buyers.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Analysts continue to expect a rate hold at the next meeting, with potential easing in the second half of 2026 as inflation moderates. The current period of stability has improved borrower confidence and allowed housing demand to normalize after two years of volatility.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading around 62 USD per barrel, and Western Canadian Select remains near 50 USD. Consistent energy pricing is supporting job stability and income growth across Calgary’s economy. The city’s population continues to expand by roughly 180 new residents per day, sustaining steady housing demand across both ownership and rental markets.

CALGARY ECONOMIC INDICATORS
Calgary’s unemployment rate remains near 6.5 percent, office vacancy sits around 29 percent, and rental vacancy remains close to 4 percent. Builders are focusing on multi‑family and mid‑density projects to meet affordability needs and accommodate migration‑driven demand. These conditions point to a housing environment that is well balanced and supported by steady economic fundamentals.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods continues to stand out as one of Calgary’s premier southwest communities. Known for estate‑style homes, strong schools, and convenient access to the mountains via Highway 1, Aspen Woods attracts professionals and families seeking high‑quality living and long‑term value. Average prices remain near 1.1 million dollars, and turnover has been steady across detached and luxury townhome segments.

MARKET SUMMARY
Calgary’s housing market remains balanced, with rising inventory easing competition and price growth staying moderate. Sales activity has slowed slightly from last year’s pace but remains in line with seasonal expectations. Stable mortgage rates and continued population growth are supporting a smooth transition into the spring market.

MY PERSPECTIVE
This is a market defined by data and discipline. Sellers who price accurately continue to see results, while buyers benefit from expanded selection and consistent financing conditions. Calgary remains one of Canada’s most stable and opportunity‑driven housing markets heading into spring 2026.

LET’S CONNECT
If you are considering buying, selling, or reviewing your real estate plans, I am always happy to help.

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark