Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 10, 2026 – 8:31 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 51 residential sales on March 9, following 23 sales on March 8 and 39 sales on March 7, reflecting normal day‑to‑day fluctuations as the spring market continues to develop. New listings totaled 87 on the day, while active listings remain elevated at 5,138 homes, representing an 11.1 percent increase compared with the same time last year.

Higher inventory levels continue to provide buyers with more options across the market as Calgary moves further into the early stages of the spring selling season.

SEVEN-DAY TRAILING TRENDS
For the week of March 3 to March 9, Calgary recorded 373 total residential sales, representing a 17.3 percent decline compared with the same week in 2025.

During the same period, 846 new listings entered the market, down 17.9 percent year over year. Despite fewer new listings compared with last year, total available inventory remains higher due to supply building earlier in the year.

The median sale price averaged $575,000 compared with $594,000 during the same week last year, representing a 3.2 percent decrease year over year. The average sale price came in at $631,290 compared with $660,096 last year, a 4.4 percent decline.

Homes are taking slightly longer to sell, with average days on market increasing to 37 days compared with 31 days during the same period last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 9, Calgary has recorded 442 total residential sales, down 14.8 percent compared with 519 sales at the same point last year.

New listings total 992, representing a 14.4 percent decrease year over year, while active inventory has increased to 5,138 homes, continuing the trend of higher supply levels across the market.

The median sale price currently sits at $575,500 compared with $585,000 last year, representing a 1.6 percent decrease year over year. The average March price is $651,494 compared with $653,375 last year, representing a 0.3 percent decline.

Overall pricing remains relatively stable despite softer sales volumes and higher inventory.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,202 total residential sales, representing a 13.1 percent decline compared with the same period in 2025.

New listings total 6,547, down 5.0 percent year over year. Pricing continues to show resilience, supported by steady population growth and continued demand for housing.

The average year‑to‑date sale price is $627,221, representing a 1.9 percent increase compared with last year, while the median price stands at $565,000, a 1.4 percent decrease year over year.

Days on market have increased to 46 days compared with 36 days last year, reflecting a more balanced and less competitive market environment compared with the intense seller’s market conditions seen previously.

MORTGAGE RATE ENVIRONMENT
Competitive mortgage rates available to qualified Alberta borrowers currently fall roughly within the following ranges.

1 year fixed: 4.39 percent to 4.79 percent
3 year fixed: 3.59 percent to 4.49 percent
5 year fixed: 3.69 percent to 4.49 percent
10 year fixed: 5.50 percent to 5.80 percent
3 year variable: 3.35 percent to 3.95 percent
5 year variable: 3.35 percent to 4.45 percent

Many borrowers continue choosing shorter‑term fixed mortgage products as they monitor the outlook for interest rates through the remainder of 2026.

ECONOMIC AND ENERGY CONTEXT
Energy markets have been extremely volatile in recent sessions. West Texas Intermediate crude opened close to the 120 dollar per barrel range, driven by escalating geopolitical tensions and renewed concerns about global supply disruptions. Brent crude has also surged into the low 120 dollar range, reinforcing strong momentum across global energy markets.

For Alberta, elevated oil prices typically support increased energy investment, stronger government revenues, and improved employment conditions, all of which historically contribute to stronger housing demand in Calgary.

Western Canadian Select continues to trade at a discount to WTI, generally ranging between 15 and 20 dollars below the benchmark price, though the differential has narrowed in recent years due to improved pipeline capacity and export infrastructure.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada overnight policy rate currently sits at 2.25 percent, with the next interest rate decision scheduled for March 18.

Financial markets continue debating the timing of potential rate reductions later in 2026 as inflation gradually moderates. Canadian five year government bond yields remain in the mid three percent range, which continues to influence fixed mortgage pricing across the country.

A relatively stable interest rate environment combined with moderating inflation has helped maintain housing market confidence heading into the spring market.

CALGARY ECONOMIC INDICATORS
Calgary’s economy continues to benefit from strong interprovincial migration, population growth, and comparatively affordable housing relative to Canada’s largest metropolitan markets.

Current indicators suggest the unemployment rate is approximately 6.5 percent, the rental vacancy rate is near 4 percent, and population growth continues at roughly 180 new residents per day.

This ongoing population growth continues supporting both rental demand and long‑term housing demand across the city.

COMMUNITY PROFILE – BRENTWOOD
Brentwood remains one of Calgary’s most desirable northwest communities, known for its established neighborhoods, proximity to the University of Calgary, strong transit access, and excellent long‑term investment potential.

The community features a mix of classic mid‑century homes, renovated properties, and redevelopment opportunities, continuing to attract families, professionals, and investors seeking a well‑located inner‑city neighborhood.

MARKET SUMMARY
Calgary’s housing market continues transitioning toward a more balanced environment as inventory levels rise and buyers gain more options. While sales activity is lower compared with last year’s exceptionally active market, pricing has remained relatively stable.

Strong population growth, economic resilience, and continued affordability compared with other major Canadian cities continue to support the long‑term outlook for Calgary real estate.

LET’S CONNECT
If you are thinking about buying, selling, or reviewing your real estate plans for 2026, I would be happy to help.

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional
Royal LePage Benchmark Realty