Real Estate Blog

Calgary Daily Market Update – June 24, 2026

Daily Market Activity

Calgary’s housing market continues to demonstrate resilience as June progresses. Through June 23, total sales have reached 1,687 transactions, down 5.6% from the 1,787 sales recorded at the same point in June 2025.

New listings total 3,060 properties, representing an 8.4% decline compared with the 3,340 listings recorded during the same period last year. Active inventory currently stands at 7,010 homes, down 0.8% year over year, indicating that supply remains relatively balanced despite softer sales activity.

Home values continue to hold firm. The median sale price currently sits at $595,500, up 0.1% from last year, while the average sale price has climbed to $676,058, representing a 4.4% increase year over year. Homes are averaging 37 days on market, compared with 33 days at the same point last year.

Year-to-Date Trends

Through June 23, Calgary has recorded 10,581 sales, down 11.1% from the 11,899 transactions reported during the same period in 2025.

New listings total 20,074 properties, down 8.6% year over year. Despite lower transaction volumes, pricing remains remarkably 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 $649,356.

These numbers continue to support the view that Calgary is transitioning toward a more balanced and sustainable market following several years of exceptionally strong seller-favoured conditions.

Weekly Market Trends

For the week ending June 23, sales activity softened compared with the same week in 2025.

Sales totaled 487 transactions, down 15.0% from the 573 sales recorded during the comparable week last year. New listings declined 12.4% to 878 properties, while active inventory decreased 0.8% to 7,010 homes.

The weekly median sale price declined 2.3% to $585,000, while the average sale price eased slightly by 0.7% to $656,902. Homes spent an average of 36 days on market, compared with 34 days during the same week last year.

While transaction volumes remain below 2025 levels, pricing and inventory continue to point toward stable market conditions.

General Market Trends

Calgary continues to benefit from strong population growth, ongoing migration into Alberta, and a relatively healthy labour market. Buyers now enjoy significantly more choice than they did during the highly competitive markets of 2023 and 2024, while sellers continue to benefit from stable pricing.

Inventory levels have normalized without creating significant downward pressure on values. Calgary remains one of Canada's most affordable major housing markets and continues to attract both investors and owner-occupiers seeking value compared with larger metropolitan centres.

Interest Rate Environment

The Bank of Canada maintained its overnight lending rate at 2.25% at its June 10 policy meeting and continues to signal a cautious approach as it balances inflation concerns with slower economic growth. Recent inflation increases have been largely attributed to higher energy costs, while policymakers continue to monitor broader price pressures across the economy. 

Three Major Economic Stories from June 23

1. Bank of Canada Governor Signals Inflation Pressure Is Primarily Energy-Driven

Bank of Canada Governor Tiff Macklem stated that the recent increase in inflation appears to be concentrated in oil and energy prices rather than broad-based across the economy. This suggests policymakers may be less concerned about widespread inflationary pressures, although food inflation remains a concern. 

2. Canadian Dollar Falls to a 14-Month Low

The Canadian dollar weakened to its lowest level in more than a year as investors sought safe-haven assets amid global market volatility. A weaker dollar can increase the cost of imported goods and contribute to inflation pressures for Canadian consumers. 

3. Oil Prices Retreat but Remain Supportive for Alberta

Oil prices moved lower as markets reacted to developments surrounding Middle East supply concerns and international negotiations. Despite the pullback, energy prices remain at levels that continue to support Alberta's economy, employment, and investment activity. 

Outlook

Calgary’s housing market remains fundamentally healthy despite lower sales volumes compared with last year. Inventory levels remain balanced, price stability continues, and population growth remains a significant driver of long-term housing demand.

The combination of economic growth, continued migration into Alberta, and a stable interest-rate environment should continue to support market activity through the remainder of the summer. While buyers have gained additional negotiating power, current conditions suggest Calgary is likely to remain one of Canada's most stable and resilient housing markets heading into the second half of 2026.