Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
February 28, 2026 – 8:59 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 85 total residential sales on February 27, reflecting a strong end to the final week of the month. New listings reached 149, maintaining a balanced flow of inventory entering the market. Active listings now sit at 4,943 homes, marking an 18.4 percent increase compared with the same time last year. This growth in available supply is providing buyers with improved choice while keeping conditions stable and competitive across all property types.

SEVEN-DAY TRAILING TRENDS
During the week of February 21 to 27, Calgary reported 409 total sales, an 18.5 percent decline compared to the same period in 2025. New listings totaled 658, a 13 percent decrease year over year. The median price for the week held steady at $570,000, and the average price increased slightly by 1.7 percent to $627,068. Homes spent an average of 34 days on the market, up from 27 days last year, suggesting buyers are taking a bit more time to make decisions as inventory grows.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
As of February 27, Calgary has recorded 1,490 month-to-date sales, down 8 percent compared with 1,619 sales at the same time last year. New listings have risen 3 percent year over year to 2,716, while active inventory continues to trend higher at 4,943 homes, up 18.4 percent. The average price for February stands at $627,885, a 2.4 percent annual increase, while the median price remains stable at $565,000. Year-to-date sales are down 11.2 percent to 2,724, and new listings are nearly even with last year, down only 0.5 percent. Overall pricing remains firm and consistent with seasonal expectations.

MORTGAGE RATE ENVIRONMENT
Competitive rates for qualified Alberta borrowers currently range 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. Many lenders continue to offer pre-approval rate holds and cash-back programs as they compete for early spring market share.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Economists expect another hold, with potential rate cuts later in 2026 as inflation cools. Stable borrowing costs are helping maintain buyer confidence and affordability as the city enters the spring market period.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading around 62 USD per barrel, and Western Canadian Select remains near 50 USD. Consistent oil prices continue to support employment and income levels throughout Calgary. Strong population growth, averaging 180 new residents daily, remains one of the leading drivers of steady housing demand in both ownership and rental markets.

CALGARY ECONOMIC INDICATORS
Unemployment remains near 6.5 percent, office vacancy around 29 percent, and rental vacancy near 4 percent. Builders remain focused on mid-density and multi-family housing projects to accommodate continued population growth and provide attainable ownership opportunities. Overall, Calgary’s housing market remains well-balanced and economically supported.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods continues to perform as one of Calgary’s most desirable southwest communities. Known for its estate-style homes, strong schools, and convenient access to Highway 1 and the mountains, Aspen Woods attracts professionals and families seeking premium living and long-term stability. The community’s average home price remains near $1.1 million, with steady sales volume across detached and luxury townhome products.

MARKET SUMMARY
Calgary’s real estate market remains balanced and resilient. While sales volumes are slightly lower year over year, prices are stable, inventory is growing, and lending conditions remain favorable. The combination of affordability, population growth, and economic stability continues to underpin Calgary’s market strength.

MY PERSPECTIVE
The current environment rewards preparation and precision. Buyers benefit from broader selection and predictable financing, while sellers who price according to market realities continue to achieve strong outcomes. Calgary remains one of Canada’s most consistently stable real estate markets entering the 2026 spring season.

LET’S CONNECT
If you are considering buying, selling, or simply 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