Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 1, 2026 – 9:02 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 63 total residential sales on February 28, closing the month with consistent market performance. New listings reached 51, slightly below the pace of earlier in the week but still reflecting steady seller engagement. Active inventory sits at 4,872 homes, a 16.4 percent increase compared with the same time last year. This higher inventory continues to provide balance and helps moderate price pressure across the market.

SEVEN-DAY TRAILING TRENDS
For the week of February 22 to 28, Calgary reported 409 total sales, down 15 percent compared with the same week in 2025. New listings totaled 664, a 15.4 percent decline year over year. The median weekly price held steady at $570,000, while the average price rose slightly by 2.2 percent to $627,675. Average days on market increased to 31, compared with 25 last year, showing buyers are taking a bit more time to make decisions in a more balanced environment.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
February ended with 1,526 total sales, down 11.2 percent from 1,718 in February 2025. New listings declined slightly by 2.3 percent to 2,767, while active listings rose to 4,872, up 16.4 percent from last year. The February average price was $627,841, an annual increase of 2.5 percent, while the median price held nearly unchanged at $565,000. Year-to-date, Calgary has seen 2,760 total sales, down 12.9 percent compared to last year, and new listings are down 3 percent. Prices remain stable, supported by balanced supply and steady demand.

MORTGAGE RATE ENVIRONMENT
Current competitive mortgage rates available to well-qualified Alberta borrowers are approximately as follows: 1-Year Fixed 4.39 to 4.79 percent, 3-Year Fixed 3.59 to 4.49 percent, 5-Year Fixed 3.69 to 4.49 percent, 10-Year Fixed 5.50 to 5.80 percent, 3-Year Variable 3.35 to 3.95 percent, and 5-Year Variable 3.35 to 4.45 percent. Lenders continue to offer strong pre-approval and renewal incentives ahead of the spring market, with some brokers noting increased competition among regional lenders.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Most analysts anticipate no change in the near term, with potential easing later in 2026 if inflation continues to trend lower. Stable borrowing costs are maintaining buyer confidence and keeping financing conditions predictable heading into spring.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, while Western Canadian Select remains around 50 USD. Calgary’s economy continues to benefit from steady oil prices and population growth. The city’s net migration remains among the highest in Canada, with an estimated 180 new residents added daily, helping sustain long-term housing demand.

CALGARY ECONOMIC INDICATORS
Unemployment remains around 6.5 percent, office vacancy near 29 percent, and residential rental vacancy close to 4 percent. Developers continue focusing on multi-family and mid-density housing to address affordability and growing population needs. The overall economic picture remains one of stability and sustainable growth.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains one of Calgary’s premier southwest neighbourhoods, known for its estate-style homes, top-ranked schools, and proximity to major roadways. The community’s average home price remains near $1.1 million, and sales activity is steady, reflecting continued demand from professionals and families seeking upscale housing and strong long-term value.

MARKET SUMMARY
Calgary’s housing market remains in a healthy balance. Supply has expanded year over year, reducing upward price pressure while keeping conditions favorable for both buyers and sellers. February closed with stable prices, steady demand, and a well-positioned outlook for the spring market.

MY PERSPECTIVE
This remains a data-driven, opportunity-based market. Buyers benefit from expanded inventory and stable financing, while sellers who price appropriately continue to see consistent results. Calgary stands out as one of Canada’s most stable, sustainable real estate markets entering the 2026 spring season.

LET’S CONNECT
If you are considering buying, selling, or simply want to discuss the current market, I am always happy to help.

403-465-1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark