Real Estate Blog

Calgary Daily Market Update – July 2, 2026

Daily Market Activity

Calgary's housing market has started July with steady activity while continuing its transition toward balanced market conditions. On July 1, there were 30 residential sales, down 18.9% from the 37 sales recorded on the same day last year.

A total of 79 new listings entered the market, representing a modest 1.3% increase over the 78 new listings recorded on July 1, 2025. Active inventory now stands at 6,823 homes, down 1.7% year over year, continuing to provide buyers with more selection than during the highly competitive markets of recent years.

Home prices remain resilient despite softer sales activity. The median sale price on July 1 was $563,000, down 4.6% from the same day last year, while the average sale price was $680,833, a decrease of 3.9% year over year. Homes averaged 38 days on market, compared with 44 days during the same period last year, indicating that well-priced properties continue to attract buyer interest.

Year-to-Date Trends

Through July 1, Calgary has recorded 11,121 sales, down 10.6% from the 12,433 transactions reported during the same period in 2025.

New listings total 20,993 properties, down 8.4% year over year. Despite lower transaction volumes, home values continue to demonstrate stability. The year-to-date median sale price remains $580,000, down only 0.9% from last year, while the average sale price has increased 2.0% to $649,373.

These figures continue to reflect a healthy market adjustment from the exceptionally competitive conditions experienced over the past several years, with improved inventory creating more balanced conditions for buyers and sellers alike.

Weekly Market Trends

For the week ending July 1, market activity remained virtually unchanged from the same period last year.

Sales totaled 454 transactions, up just 0.2% from the 453 sales recorded during the comparable week in 2025. New listings declined 5.9% to 809 properties, while active inventory decreased 1.7% to 6,823 homes.

The weekly median sale price declined 3.2% to $580,000, while the average sale price edged higher by 0.4% to $654,718. Homes averaged 35 days on market, compared with 34 days during the same week last year.

Overall, the weekly data points to a market that remains balanced, with stable pricing and healthy inventory supporting steady buyer and seller activity.

General Market Trends

Calgary continues to benefit from strong population growth, interprovincial migration, and a diversified economy supported by energy, technology, logistics, manufacturing, and professional services. While sales have moderated from the exceptionally strong pace of previous years, improved inventory has created a healthier and more sustainable housing market.

Compared with many other major Canadian cities, Calgary continues to offer one of the most affordable housing markets among Canada's large metropolitan areas. This affordability advantage remains a significant factor attracting new residents, investors, and businesses to the region.

Interest Rate Environment

The Bank of Canada continues to hold its overnight policy rate at 2.25%. Inflation remains near the Bank's target range, and financial markets generally expect interest rates to remain stable in the near term. Stable borrowing costs continue to support buyer confidence while allowing the housing market to adjust gradually to more balanced conditions.

Three Major Economic Stories from July 1

1. Canada Day celebrations highlighted continued confidence in Canada's long-term economic outlook despite ongoing global uncertainty. Strong population growth continues to support housing demand across many regions, particularly Alberta.

2. Alberta's energy sector remained resilient as oil prices continued to support employment, investment, and provincial economic growth. Calgary continues to benefit from a healthy energy industry alongside its increasingly diversified economy.

3. Financial markets continued to anticipate a stable interest-rate environment as inflation remains well contained. Consistent borrowing costs are expected to support housing activity through the summer months while contributing to overall market stability.

Outlook

Calgary's housing market enters July from a position of strength. Although sales remain below last year's levels, inventory remains balanced, home prices continue to demonstrate resilience, and buyers have greater choice than they have experienced in several years.

Continued population growth, Alberta's solid economic fundamentals, and a stable interest-rate environment are expected to support housing demand through the remainder of the summer. Calgary remains well positioned to maintain one of Canada's healthiest and most balanced real estate markets, providing opportunities for both buyers and sellers in the months ahead.