Real Estate Blog

Calgary Daily Market Update – July 1, 2026

Daily Market Activity

Calgary's housing market closed out June on a stable note, continuing its transition toward a balanced market. Through June 30, total sales reached 2,197 transactions, down 3.8% from the 2,284 sales recorded at the same point in June 2025.

New listings totaled 3,900 properties, representing a 7.7% decline compared with the 4,223 listings recorded during the same period last year. Active inventory stood at 6,809 homes, down 2.0% year over year, indicating that available inventory remains balanced while offering buyers considerably more choice than during the highly competitive markets of recent years.

Home prices continued to demonstrate resilience. The median sale price was $592,500, down just 0.4% from the same point last year, while the average sale price increased to $669,519, up 3.6% year over year. Homes averaged 37 days on market, compared with 33 days during the same period in 2025.

Year-to-Date Trends

Through June 30, Calgary recorded 11,091 sales, down 10.5% from the 12,396 transactions reported during the same period in 2025.

New listings totaled 20,914 properties, down 8.5% year over year. Despite lower sales activity, home values remain remarkably stable. The year-to-date median sale price stands at $580,000, down just 0.9% from last year, while the average sale price has increased 2.0% to $649,288.

Overall, Calgary continues to demonstrate a healthy market correction from the exceptionally competitive conditions experienced over the past several years. Inventory has improved, buyers have more opportunities, and sellers continue to benefit from strong property values.

Weekly Market Trends

For the week ending June 30, market activity was very similar to last year's levels.

Sales totaled 511 transactions, up 2.8% from the 497 sales recorded during the comparable week in 2025. New listings declined 5.0% to 839 properties, while active inventory decreased 2.0% to 6,809 homes.

The weekly median sale price declined 3.3% to $579,000, while the average sale price increased 0.9% to $648,689. Homes spent an average of 37 days on market, compared with 33 days during the same week last year.

These figures suggest that while sales activity has moderated from the record pace seen in recent years, Calgary continues to experience healthy and balanced market conditions supported by stable pricing.

General Market Trends

Calgary continues to benefit from strong population growth, ongoing interprovincial migration, and a diversified economy supported by energy, technology, logistics, manufacturing, and professional services. Improved inventory has created a healthier environment for buyers while allowing sellers to continue achieving historically strong home values.

Compared with many other major Canadian cities, Calgary remains one of the country's most affordable large urban housing markets. This affordability advantage continues to attract families, investors, and professionals relocating from higher-priced regions across Canada.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Inflation remains close to the Bank's target, while policymakers continue monitoring employment, consumer spending, global trade conditions, and energy prices. Most economists continue to expect interest rates to remain relatively stable through the summer unless economic conditions change materially.

Three Major Economic Stories from June 30

1. Canadian economic indicators continued to point toward moderate but steady growth. Stable employment and continued population growth remain supportive of housing demand, particularly in Alberta.

2. Alberta's energy sector continued to benefit from relatively stable oil prices, supporting employment, business investment, and provincial economic growth. Calgary's economy remains well positioned as energy activity continues to strengthen.

3. Financial markets maintained expectations that the Bank of Canada will leave interest rates unchanged in the near term. Stable borrowing costs continue to support buyer confidence and provide a favourable environment for real estate activity.

Outlook

Calgary enters the second half of 2026 with one of Canada's healthiest housing markets. Sales have moderated compared with last year's exceptional pace, but inventory remains balanced and home prices continue to demonstrate impressive resilience.

Population growth, a strong Alberta economy, and stable interest rates are expected to continue supporting housing demand through the summer and into the fall. Buyers are benefiting from greater selection and improved negotiating conditions, while sellers continue to enjoy strong property values.

As July begins, Calgary remains well positioned to maintain balanced market conditions that support sustainable long-term growth for both buyers and sellers.