Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 13, 2026 – 8:12 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 64 residential sales on March 12, following 66 sales on March 11 and 72 sales on March 10, reflecting the normal day‑to‑day fluctuations seen as the spring housing market continues to gain traction. New listings totaled 237 on the day, while active listings increased to 5,281 homes. This represents a 12.9 percent increase compared with the same time last year, continuing the trend of gradually rising inventory levels across the Calgary housing market.

The increase in available listings continues to provide buyers with more selection as the city moves deeper into the spring selling season.

SEVEN-DAY TRAILING TRENDS
For the week of March 6 to March 12, Calgary recorded 414 total residential sales, representing an 11.5 percent decline compared with the same week in 2025.

During the same period, 828 new listings entered the market, down 16.5 percent year over year. Despite fewer new listings compared with last year, total available inventory remains higher due to supply accumulating earlier in the year.

The median sale price averaged $577,000 compared with $592,450 during the same week last year, representing a 2.6 percent decrease year over year. The average sale price came in at $644,958 compared with $651,691 last year, representing a 1.0 percent decrease.

Homes are taking slightly longer to sell, with average days on market rising to 35 days compared with 29 days during the same period last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 12, Calgary has recorded 644 total residential sales, down 13.3 percent compared with 743 sales at the same point last year.

New listings total 1,439, representing a 4.8 percent decrease year over year, while active inventory has increased to 5,281 homes, continuing the trend of expanding supply levels across the market.

The median sale price currently sits at $574,000 compared with $594,000 last year, representing a 3.4 percent decrease year over year. The average March price is $651,246 compared with $651,148 last year, essentially unchanged.

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

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,405 total residential sales, representing a 12.9 percent decline compared with the same period in 2025.

New listings total 6,993, down 3.4 percent year over year. Pricing continues to show resilience supported by steady population growth and continued housing demand.

The average year to date sale price is $628,848, representing a 1.9 percent increase compared with last year, while the median price stands at $565,000, a 1.7 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 experienced significant volatility, with West Texas Intermediate trading around the 120 dollar per barrel range amid ongoing geopolitical tensions and global supply concerns. Brent crude has also remained elevated above the 120 dollar level, reinforcing strong momentum across global energy markets.

For Alberta, sustained higher oil prices typically support increased capital investment in the energy sector, stronger provincial 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