Real Estate Blog

Calgary Daily Market Update – July 9, 2026

Daily Market Activity

Calgary's housing market continues to show balanced conditions as July progresses. Through July 8, total sales have reached 436 transactions, down 18.8% from the 537 sales recorded during the same period in July 2025.

New listings total 741 properties, representing a 19.1% decline compared with the 916 new listings recorded over the same period last year. Active inventory stands at 6,712 homes, down 2.2% year over year. Inventory levels continue to provide buyers with greater choice while maintaining a healthy balance between supply and demand.

Home prices remain resilient despite lower transaction volumes. The median sale price is currently $589,000, up 0.2% from the same point last year, while the average sale price has increased 0.3% to $644,283. Homes are averaging 37 days on market, unchanged from the same period in 2025, indicating stable market conditions.

Year-to-Date Trends

Through July 8, Calgary has recorded 11,527 residential sales, down 10.9% from the 12,933 transactions reported during the same period in 2025.

New listings total 21,654 properties, down 8.9% year over year. Home values continue to demonstrate stability, with the year-to-date median sale price holding at $580,000, down only 0.9% from last year. The average sale price has increased 1.9% to $649,100, reflecting continued strength in Calgary's housing market despite more moderate sales activity.

These year-to-date results continue to illustrate a healthy market normalization. Improved inventory has created more balanced conditions while home values remain well supported by strong economic fundamentals and sustained population growth.

Weekly Market Trends

For the week ending July 8, Calgary recorded 406 residential sales, down 18.8% from the 500 sales reported during the same week in 2025.

New listings totaled 662 properties, a decline of 21.0% year over year, while active inventory decreased 2.2% to 6,712 homes.

The weekly median sale price increased slightly to $590,000, up 0.3% from the comparable week last year. The average sale price also increased 0.7% to $641,583. Homes continued to average 37 days on market, matching last year's pace.

The weekly figures indicate that while sales activity has moderated, pricing remains stable and inventory levels continue to support a balanced market that benefits both buyers and sellers.

General Market Trends

Calgary continues to outperform many major Canadian housing markets thanks to strong population growth, steady interprovincial migration, and a diversified economy supported by energy, technology, logistics, construction, and professional services. Although transaction volumes remain below the exceptionally strong levels experienced over the past two years, overall market fundamentals remain healthy.

Calgary's relative affordability compared with other major Canadian cities continues to attract both investors and homebuyers seeking better value and long-term growth opportunities. Combined with a resilient labour market, these factors continue to support steady housing demand.

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, and financial markets generally expect interest rates to remain stable over the coming months. Stable borrowing costs continue to provide confidence for buyers while supporting balanced housing market activity.

Three Major Economic Stories from July 8

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

2. Alberta's economy continued to benefit from stable energy prices, supporting employment, business investment, and consumer confidence throughout the province.

3. National housing markets continued to show improving inventory levels across many regions, with Calgary remaining one of Canada's most resilient markets due to its affordability, population growth, and diversified economy.

Outlook

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

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