Real Estate Blog

Calgary Daily Market Update – July 3, 2026

Daily Market Activity

Calgary's housing market continues to show balanced conditions as July gets underway. On July 2, there were 94 residential sales, down 23.6% from the 123 sales recorded on the same day last year.

A total of 265 new listings entered the market, representing a 33.8% increase over the 198 new listings recorded on July 2, 2025. Active inventory now stands at 6,871 homes, down just 0.3% year over year, providing buyers with a healthy selection of available properties while maintaining balanced market conditions.

Home prices remain relatively stable despite softer daily sales activity. The median sale price on July 2 was $550,875, down 6.6% from the same day last year, while the average sale price was $615,240, a decrease of 2.5% year over year. Homes averaged 38 days on market compared with 40 days during the same period in 2025, indicating that well-priced homes continue to attract steady buyer interest.

Year-to-Date Trends

Through July 2, Calgary has recorded 11,185 residential sales, down 10.7% from the 12,519 transactions reported during the same period in 2025.

New listings total 21,179 properties, down 8.1% year over year. Despite lower transaction volumes, pricing continues to demonstrate resilience. The year-to-date median sale price remains $580,000, down just 0.9% from last year, while the average sale price has increased 2.0% to $649,003.

These figures continue to reflect a healthy normalization of Calgary's housing market following several years of exceptionally strong seller conditions. Buyers are benefiting from improved inventory, while sellers continue to enjoy historically strong property values.

Weekly Market Trends

For the week ending July 2, market activity remained close to last year's pace.

Sales totaled 439 transactions, down 2.9% from the 452 sales recorded during the comparable week in 2025. New listings declined 7.1% to 774 properties, while active inventory edged down 0.3% to 6,871 homes.

The weekly median sale price declined 5.9% to $567,000, while the average sale price increased slightly by 0.4% to $637,533. Homes averaged 36 days on market compared with 35 days during the same week last year.

Overall, the weekly figures suggest that Calgary continues to experience a balanced housing market with stable pricing, healthy inventory levels, and consistent buyer activity.

General Market Trends

Calgary remains one of Canada's strongest housing markets, supported by steady population growth, ongoing interprovincial migration, and a diversified economy that includes energy, technology, logistics, construction, and professional services. Improved inventory levels have created more balanced market conditions, giving buyers additional options while allowing sellers to continue achieving solid prices.

Compared with other major Canadian cities, Calgary continues to offer exceptional value, making it an attractive destination for families, professionals, and investors seeking affordability without sacrificing economic opportunity.

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 financial markets continue to expect a stable interest-rate environment over the coming months. Stable borrowing costs are helping maintain confidence among homebuyers while supporting balanced market activity.

Three Major Economic Stories from July 2

1. Canada's labour market continued to show resilience as businesses maintained steady hiring despite slower economic growth. Stable employment remains an important factor supporting housing demand across Alberta.

2. Oil prices remained relatively firm, continuing to support Alberta's economy through strong energy-sector investment and employment. Calgary's economy continues to benefit from this stability alongside growth in several non-energy industries.

3. Financial markets maintained expectations that the Bank of Canada will leave interest rates unchanged in the near term as inflation remains close to target. This stable rate environment continues to support buyer confidence and long-term housing market stability.

Outlook

Calgary's housing market continues to demonstrate healthy fundamentals as the summer market progresses. Although sales remain below last year's pace, inventory remains balanced, home prices continue to hold firm over the longer term, and buyers have greater choice than they have experienced in several years.

With continued population growth, a resilient Alberta economy, and stable borrowing costs, Calgary remains well positioned for a steady and sustainable housing market through the remainder of the summer. The city continues to offer one of the strongest combinations of affordability, economic opportunity, and long-term housing stability among Canada's major metropolitan markets.