Real Estate Blog

Calgary Daily Market Update – June 28, 2026

Daily Market Activity

Calgary’s housing market continues to move through a balanced summer market as June nears its end. Through June 27, total sales have reached 2,026 transactions, down 6.6% from the 2,168 sales recorded at the same point in June 2025.

New listings total 3,680 properties, representing a 9.2% decline compared with the 4,053 listings recorded during the same period last year. Active inventory currently stands at 7,112 homes, down 0.7% year over year, indicating that inventory remains stable and continues to offer buyers more selection than in recent years.

Home prices remain resilient despite softer sales activity. The median sale price currently sits at $593,999, down just 0.2% from the same point last year, while the average sale price has increased to $667,887, up 3.5% year over year. Homes are averaging 37 days on market, compared with 33 days at the same point in 2025.

Year-to-Date Trends

Through June 27, Calgary has recorded 10,920 sales, down 11.1% from the 12,280 transactions reported during the same period in 2025.

New listings total 20,694 properties, down 8.7% year over year. Despite fewer transactions, home values continue to demonstrate stability. The year-to-date median sale price remains $580,000, down only 0.9% from last year, while the average sale price has increased 2.0% to $648,668.

These figures continue to reflect a healthy transition from the exceptionally competitive seller's markets of recent years toward more balanced conditions that benefit both buyers and sellers.

Weekly Market Trends

For the week ending June 27, sales activity remained below last year's pace.

Sales totaled 492 transactions, down 9.6% from the 544 sales recorded during the comparable week in 2025. New listings declined 10.1% to 825 properties, while active inventory remained virtually unchanged at 7,112 homes, down 0.7% year over year.

The weekly median sale price declined 3.3% to $585,000, while the average sale price edged up 0.4% to $653,607. Homes spent an average of 38 days on market, compared with 34 days during the same week last year.

Although sales remain below last year's pace, stable inventory and resilient pricing continue to indicate balanced market conditions.

General Market Trends

Calgary continues to benefit from strong population growth, ongoing migration into Alberta, and a diversified economy supported by the energy, technology, logistics, and professional services sectors. Buyers continue to enjoy more choice and greater negotiating flexibility than they experienced during the tight markets of 2023 and 2024, while sellers continue to benefit from historically strong home values.

Compared with many other major Canadian cities, Calgary remains one of the country's most affordable large urban housing markets. This affordability advantage continues to attract both local buyers and families relocating from higher-priced provinces.

Interest Rate Environment

The Bank of Canada continues to maintain its overnight policy rate at 2.25%. Inflation remains close to target, while policymakers continue monitoring energy prices, consumer spending, and global economic conditions. Current market expectations continue to favour a stable interest-rate environment through much of the summer unless economic conditions change significantly.

Three Major Economic Stories from June 27

1. Canada's Economy Continues to Show Resilience

Recent economic data continued to indicate modest but stable growth across Canada. Strong employment and continued population growth remain supportive of housing demand, particularly in Alberta's largest cities.

2. Alberta's Energy Sector Remains a Key Economic Driver

Oil prices remained at levels that continue to support investment, employment, and government revenues across Alberta. A healthy energy sector continues to strengthen Calgary's economy and supports long-term housing demand.

3. Financial Markets Expect Interest Rates to Remain Stable

Financial markets continue to anticipate that the Bank of Canada will leave interest rates unchanged in the near term as inflation remains relatively contained and economic growth moderates. Stable borrowing costs continue to support confidence among homebuyers and homeowners.

Outlook

Calgary's housing market remains fundamentally healthy as June comes to a close. While sales volumes continue to trail last year's exceptionally strong pace, inventory levels remain balanced and home prices have demonstrated impressive resilience.

Continued population growth, Alberta's strong economic fundamentals, and stable borrowing costs should continue to support housing demand throughout the summer. Buyers are benefiting from improved selection and balanced negotiating conditions, while sellers continue to see stable pricing. Overall, Calgary remains well positioned to maintain one of Canada's healthiest and most balanced housing markets as the second half of 2026 begins.