Real Estate Blog

Calgary Daily Market Update – July 8, 2026

Daily Market Activity

Calgary's housing market continues to transition through the summer with balanced conditions and steady buyer activity. Through July 7, total sales have reached 361 transactions, down 23.8% from the 474 sales recorded during the same period in July 2025.

New listings total 633 properties, representing a 20.6% decline compared with the 797 new listings recorded over the same period last year. Active inventory stands at 6,745 homes, down 1.9% year over year. While inventory remains well above the exceptionally tight levels seen during the peak seller's market, it continues to provide buyers with greater selection while maintaining healthy overall market balance.

Home prices remain relatively stable despite softer sales activity. The median sale price is currently $580,000, down 1.5% from the same point last year, while the average sale price is $641,550, down 0.7% year over year. Homes are averaging 37 days on market compared with 36 days during the same period in 2025, reflecting a market operating at a more measured and sustainable pace.

Year-to-Date Trends

Through July 7, Calgary has recorded 11,452 residential sales, down 11.0% from the 12,870 transactions reported during the same period in 2025.

New listings total 21,546 properties, down 8.9% year over year. Despite lower sales activity, home values continue to demonstrate resilience. The year-to-date median sale price remains $580,000, down only 0.9% from last year, while the average sale price has increased 1.9% to $649,045.

These figures continue to reflect the normalization of Calgary's housing market following several years of exceptionally strong activity. Buyers are benefiting from improved selection while sellers continue to achieve historically strong prices.

Weekly Market Trends

For the week ending July 7, market activity remained below last year's pace.

Sales totaled 361 transactions, down 23.8% from the 474 sales recorded during the comparable week in 2025. New listings declined 20.6% to 633 properties, while active inventory decreased 1.9% to 6,745 homes.

The weekly median sale price declined 1.5% to $580,000, while the average sale price edged down 0.7% to $641,550. Homes averaged 37 days on market compared with 36 days during the same week last year.

Overall, the weekly data continues to indicate a balanced housing market where inventory levels remain healthy, price adjustments have been modest, and buyers have greater negotiating flexibility than they experienced over the past several years.

General Market Trends

Calgary continues to benefit from strong population growth, steady interprovincial migration, and a diversified economy supported by the energy, technology, logistics, construction, and professional services sectors. Although sales volumes have moderated from the record-setting pace of recent years, the city's housing market remains one of the healthiest among Canada's major metropolitan areas.

Calgary also continues to offer one of the most affordable housing markets among Canada's large cities. Combined with Alberta's favourable employment environment and comparatively lower cost of living, this affordability advantage continues to attract buyers from across the country.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Inflation has remained close to the Bank's target range, and economists generally expect interest rates to remain stable in the near term. Stable borrowing costs continue to support buyer confidence while contributing to balanced market conditions.

Three Major Economic Stories from July 7

1. Energy markets remained relatively stable, supporting continued investment and employment across Alberta. A resilient energy sector continues to strengthen Calgary's economic outlook and housing demand.

2. Financial markets continue to anticipate that the Bank of Canada will leave interest rates unchanged in the near term as inflation remains well contained and economic growth continues at a moderate pace.

3. Canada's housing market continues to experience improving inventory levels across many regions. Calgary remains well positioned due to its affordability, strong population growth, and resilient local economy, helping sustain long-term housing demand.

Outlook

Calgary's housing market continues to demonstrate strong long-term fundamentals despite lower transaction volumes compared with last year's exceptionally active market. Balanced inventory, stable pricing, and favourable economic conditions continue to create opportunities for both buyers and sellers.

Looking ahead, continued population growth, stable interest rates, and Alberta's resilient economy are expected to support steady 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 during the second half of 2026.