Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 12, 2026 – 8:26 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 66 residential sales on March 11, following 72 sales on March 10 and 51 sales on March 9, reflecting the typical daily fluctuations seen as the spring housing market continues to build momentum. New listings totaled 128 on the day, while active listings rose slightly to 5,145 homes. This represents a 10.8 percent increase compared with the same time last year, continuing the trend of gradually rising supply across the Calgary housing market.

Higher inventory levels are giving buyers more choice compared with the tight conditions seen over the past two years as the city moves further into the spring selling season.

SEVEN-DAY TRAILING TRENDS
For the week of March 5 to March 11, Calgary recorded 410 total residential sales, representing an 11.3 percent decline compared with the same week in 2025.

During the same period, 832 new listings entered the market, down 18.8 percent year over year. Despite fewer new listings compared with last year, overall inventory remains higher due to supply building earlier in the year.

The median sale price averaged $575,000 compared with $580,000 during the same week last year, representing a 0.9 percent decrease year over year. The average sale price came in at $652,287 compared with $651,269 last year, representing a slight 0.2 percent increase.

Homes are taking longer to sell, with average days on market rising to 36 days compared with 29 days during the same period last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 11, Calgary has recorded 580 total residential sales, down 12.0 percent compared with 659 sales at the same point last year.

New listings total 1,202, representing a 12.5 percent decrease year over year, while active inventory has increased to 5,145 homes, continuing the trend of gradually expanding supply across the market.

The median sale price currently sits at $575,000 compared with $583,000 last year, representing a 1.4 percent decrease year over year. The average March price is $654,852 compared with $647,162 last year, representing a 1.2 percent increase.

Overall, home prices remain relatively stable despite lower sales volumes and higher inventory levels.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,341 total residential sales, representing a 12.7 percent decline compared with the same period in 2025.

New listings total 6,757, down 4.9 percent year over year. Pricing continues to show resilience supported by strong population growth and ongoing housing demand.

The average year to date sale price is $629,045, representing a 2.2 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 45 days compared with 35 days last year, reflecting a more balanced housing market 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 while monitoring the outlook for interest rates through the remainder of 2026.

ECONOMIC AND ENERGY CONTEXT
Energy markets remain a key driver of Alberta’s economic outlook. Oil prices have recently surged with West Texas Intermediate trading around the 120 dollar per barrel range amid heightened geopolitical tensions and concerns about global supply disruptions. Brent crude has also moved above the 120 dollar level, reinforcing strong momentum across global energy markets.

For Alberta, elevated oil prices typically support increased investment in the energy sector, stronger government revenues, and improved employment conditions. Historically, these factors contribute to stronger housing demand in Calgary as economic confidence improves.

Western Canadian Select continues to trade at a discount to WTI, typically ranging between 15 and 20 dollars below the benchmark price. Improvements in pipeline capacity and export infrastructure have helped narrow this differential compared with historical levels.

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 interest 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 real estate season.

CALGARY ECONOMIC INDICATORS
Calgary’s economy continues benefiting from strong interprovincial migration, population growth, and relatively affordable housing compared with 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 steady influx of new residents continues supporting long term housing demand across both ownership and rental markets.

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 long term investment potential.

The community features a mix of 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 remains below last year’s levels, 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