Real Estate Blog

Calgary Daily Market Update – July 29, 2026

Daily Market Activity

Calgary's housing market continues to demonstrate resilience as July nears its end. Through July 28, total residential sales reached 1,666 transactions, representing a 10.4% decline compared with the 1,859 sales recorded during the same period in July 2025.

New listings total 2,898 properties, down 17.5% from the 3,511 new listings recorded during the same period last year. Active inventory currently stands at 6,761 homes, a 4.8% decrease year over year. While fewer new listings are entering the market, inventory remains balanced, giving buyers a healthy selection of available homes while preventing excessive supply.

Home prices continue to show stability. The median sale price has increased 0.7% year over year to $570,050, while the average sale price has risen 2.6% to $627,496. Homes are taking an average of 39 days to sell, slightly longer than the 37-day average recorded during the same period last year.

Year-to-Date Trends

Through July 28, Calgary has recorded 12,754 residential sales, down 10.5% compared with the 14,255 transactions reported during the same period in 2025.

New listings total 23,811 properties, representing a 9.7% decline year over year. The year-to-date median sale price stands at $580,000, down just 0.3% from last year, while the average sale price has increased 2.1% to $646,347.

Although overall sales activity remains below the exceptional pace experienced in 2025, Calgary continues to benefit from stable pricing, healthy demand, and strong economic fundamentals. The modest decline in sales has been accompanied by resilient home values, reflecting continued confidence in the local market.

Weekly Market Trends

For the week ending July 28, Calgary recorded 421 residential sales, down 7.1% from the 453 sales reported during the comparable week in 2025.

New listings totaled 725 properties, a decline of 15.7% year over year, while active inventory fell 4.8% to 6,761 homes.

The weekly median sale price increased 5.3% to $580,000, while the average sale price rose 6.9% to $639,554. Homes sold in an average of 40 days compared with 38 days during the same week last year, indicating that buyers remain active but are taking slightly more time to complete purchases.

General Market Trends

Calgary continues to stand out as one of Canada's strongest housing markets due to its relative affordability, solid employment growth, and ongoing population gains. Migration into Alberta continues to support housing demand, while a diversified economy that includes energy, technology, logistics, construction, and professional services provides a stable foundation for long-term market performance.

Balanced inventory levels are creating healthy market conditions. Buyers have more choice than in recent years, while sellers continue to benefit from stable prices and consistent demand for well-maintained, competitively priced homes.

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 range, and economists generally expect interest rates to remain stable in the near term. This predictable borrowing environment continues to support confidence among both buyers and sellers.

Three Major Economic Stories from July 28

1. Financial markets continued to expect the Bank of Canada to maintain its current policy rate as inflation remains close to target and economic growth proceeds at a moderate pace.

2. Alberta's economy continued to benefit from stable energy prices, ongoing capital investment, and steady employment growth, supporting consumer confidence and housing demand across the province.

3. Canada's housing market continued to move toward balanced conditions, with Calgary remaining one of the country's most resilient major markets thanks to its affordability, stable home prices, and healthy inventory levels.

Outlook

Calgary's housing market continues to transition toward a balanced environment while maintaining stable home values. Although sales activity remains below last year's exceptionally strong levels, pricing has remained resilient and inventory continues to support healthy market conditions.

Looking ahead, continued population growth, stable interest rates, and Alberta's strong economic outlook are expected to support steady housing demand through the remainder of the summer. Calgary remains well positioned to continue as one of Canada's most stable and resilient real estate markets during the second half of 2026.