Real Estate Blog

Calgary Daily Market Update – June 23, 2026

Daily Market Activity

Calgary’s housing market remains balanced as the city moves into the final third of June. Through June 22, total sales have reached 1,609 transactions, down 5.9% from the 1,709 sales recorded at the same point in June 2025.

New listings total 2,962 properties, a decline of 9.3% compared with the 3,267 listings recorded during the same period last year. Active inventory currently sits at 7,048 homes, down 1.4% year over year, suggesting that supply remains stable despite softer sales activity.

Pricing continues to show remarkable resilience. The median sale price stands at $595,000, unchanged from the same point last year, while the average sale price has climbed to $674,128, representing a 4.5% increase year over year. Homes are averaging 36 days on market, compared with 33 days last year.

Year-to-Date Trends

Through June 22, Calgary has recorded 10,503 sales, down 11.2% from the 11,821 transactions reported during the same period in 2025.

New listings total 19,976 properties, down 8.8% year over year. Despite lower transaction volumes, pricing remains stable. The year-to-date median sale price stands at $580,000, down only 0.9% from last year, while the average sale price has increased 2.1% to $648,862.

These figures continue to support the view that Calgary is transitioning into a healthier, more balanced market after several years of intense seller-favoured conditions.

Weekly Market Trends

For the week ending June 22, sales activity softened compared with the same week in 2025.

Sales totaled 477 transactions, down 18.9% from the 588 sales recorded during the comparable week last year. New listings declined 13.0% to 899 properties, while active inventory decreased 1.4% to 7,048 homes.

The weekly median sale price declined 2.7% to $587,500, while the average sale price increased 3.8% to $676,256. Homes spent an average of 37 days on market, compared with 33 days during the same week last year.

While sales volumes have moderated, inventory remains healthy and prices continue to hold firm.

General Market Trends

Calgary continues to benefit from strong population growth, ongoing interprovincial migration, and a relatively healthy Alberta economy. Buyers now have more options than they did during the extremely competitive markets of 2023 and 2024, resulting in more balanced negotiations between buyers and sellers.

Despite slower sales activity, Calgary remains one of Canada’s strongest major housing markets due to its affordability advantage, employment growth, and economic diversification. Inventory levels have normalized without creating significant downward pressure on prices.

Interest Rate Environment

The Bank of Canada continues to hold its overnight lending rate at 2.25%. Policymakers remain focused on balancing inflation risks against slower economic growth. Recent inflation data has complicated the outlook for future rate cuts, as higher energy prices have pushed headline inflation above the Bank's preferred range. Expectations are increasingly shifting toward a prolonged period of stable interest rates rather than additional near-term cuts. 

Three Major Economic Stories from June 22

1. Canadian Inflation Rose to 3.2%

Canada's annual inflation rate increased to 3.2% in May, the highest reading in more than two years. Rising gasoline prices were the primary driver, while food prices also continued to increase. Higher inflation may reduce the likelihood of near-term Bank of Canada rate cuts. 

2. Canadian Dollar Fell to a 14-Month Low

The Canadian dollar weakened significantly against the U.S. dollar amid global market uncertainty and expectations for higher U.S. interest rates. A weaker Canadian dollar can increase the cost of imported goods and contribute to inflationary pressures. 

3. Oil Markets Reacted to Middle East Developments

Oil prices declined after progress was reported in U.S.-Iran negotiations and a temporary easing of sanctions on Iranian oil exports. While lower oil prices can help reduce inflation pressures, Alberta's economy continues to benefit from energy prices that remain historically strong. 

Outlook

Calgary’s housing market remains fundamentally healthy despite slower sales volumes compared with last year. Inventory levels are stable, prices continue to show resilience, and the city continues to attract new residents from across Canada.

The combination of strong population growth, a relatively healthy Alberta economy, and stable borrowing costs should continue to support housing demand through the remainder of the summer. While buyers have gained more negotiating power than they had in recent years, current conditions suggest Calgary is likely to remain a balanced and stable market heading into the second half of 2026.