Real Estate Blog

Calgary Daily Market Update – June 20, 2026

Daily Market Activity

Calgary's housing market continues to demonstrate stability as June progresses. Through June 19, total sales have reached 1,490 transactions, slightly ahead of the 1,487 sales recorded at the same point in June 2025, representing a modest 0.2% increase.

New listings have totaled 2,798 properties, down 3.3% from the 2,894 listings recorded a year ago. Active inventory sits at 7,089 homes, virtually unchanged from last year, indicating that supply conditions remain balanced.

Prices have remained steady. The median sale price currently stands at $595,000, up 0.2% year over year, while the average sale price has climbed to $672,701, an increase of 4.9% compared with June 2025. Homes are averaging 37 days on market, compared with 33 days at this time last year.

Year-to-Date Trends

Through June 19, Calgary has recorded 10,385 sales, down 10.5% from the 11,599 transactions reported during the same period in 2025.

New listings total 19,812 properties, representing a 7.9% decline year over year. Despite lower transaction volumes, prices have remained resilient. The year-to-date median price stands at $580,000, down just 0.9% from last year, while the average sale price has risen 2.1% to $648,478.

These figures suggest that Calgary's housing market is continuing its transition toward more balanced conditions following several years of exceptionally strong seller's market activity.

Weekly Market Trends

For the week ending June 19, sales activity softened compared with the same week last year.

Sales totaled 519 transactions, down 10.2% from the 578 sales recorded during the comparable week in 2025. New listings fell 10.8% to 936 properties, while active inventory remained essentially unchanged at 7,089 homes.

The weekly median price slipped 1.9% to $584,000, while the average sale price increased 4.8% to $664,045. Homes spent an average of 37 days on market, compared with 33 days during the same week last year.

Overall, market conditions continue to point toward a healthy balance between buyers and sellers, with stable pricing and improved selection.

General Market Trends

Calgary continues to benefit from strong population growth, a healthy labour market, and support from Alberta's energy sector. Inventory levels have normalized considerably compared with the exceptionally tight conditions experienced in 2023 and 2024, providing buyers with more choice and improved negotiating power.

Price appreciation has moderated, but the market continues to outperform many major Canadian cities thanks to relative affordability and continued migration into Alberta.

Interest Rate Environment

The Bank of Canada maintained its overnight lending rate at 2.25% at its June meeting. Inflation has continued to moderate, but uncertainty surrounding global trade, energy prices, and economic growth has encouraged policymakers to remain cautious. Current expectations suggest interest rates could remain relatively stable through the second half of 2026 unless inflation pressures re-emerge.

Three Major Economic Stories from June 19

1. Oil Prices Remained Elevated Amid Middle East Tensions

Global oil prices continued to fluctuate as geopolitical tensions in the Middle East raised concerns about supply disruptions. Higher oil prices provide support for Alberta's economy and employment but may also contribute to persistent inflation pressures.

2. Canadian Inflation Remains a Key Focus for Markets

Investors continued to assess the latest inflation data and its implications for future Bank of Canada policy. Expectations for additional interest-rate cuts have become more cautious, supporting a stable borrowing environment for homeowners and buyers.

3. North American Markets Experienced Increased Volatility

Stock markets remained volatile as investors weighed slowing economic growth against persistent inflation concerns. While uncertainty remains elevated, the Canadian economy continues to show resilience, helping support consumer confidence and housing demand.

Outlook

Calgary's housing market continues to exhibit remarkable stability heading into the summer season. Although year-to-date sales remain below 2025 levels, monthly activity has nearly caught up with last year's pace, while prices continue to hold firm.

Population growth, a strong Alberta economy, and stable borrowing costs continue to provide support for demand. With inventory levels improving and buyers enjoying greater choice, Calgary appears well positioned to maintain balanced market conditions through the remainder of the summer and into the fall market.