Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 15, 2026 – 9:11 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 47 residential sales on March 14, following 109 sales on March 13 and 64 sales on March 12, reflecting the typical daily fluctuations seen in real estate activity as the spring market continues to develop. New listings totaled 50 on the day, while active listings sit at 5,310 homes across the city. This represents a 6.8 percent increase compared with the same time last year, continuing the trend of gradually rising supply levels across Calgary.

Higher inventory levels are providing buyers with more choice compared with the extremely tight market conditions experienced over the past two years.

SEVEN-DAY TRAILING TRENDS
For the week of March 8 to March 14, Calgary recorded 432 total residential sales, representing a 16.4 percent decline compared with the same week in 2025.

During the same period, 789 new listings entered the market, down 22.6 percent year over year. Despite fewer new listings compared with last year, total available inventory remains higher due to supply building earlier in the season.

The median sale price averaged $561,000 compared with $595,000 during the same week last year, representing a 5.7 percent decrease year over year. The average sale price came in at $647,120 compared with $650,920 last year, representing a modest 0.6 percent decline.

Homes are taking slightly longer to sell, with average days on market increasing to 32 days compared with 29 days during the same period last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 14, Calgary has recorded 800 total residential sales, down 16.8 percent compared with 961 sales at the same point last year.

New listings total 1,660, representing a 19.6 percent decrease year over year, while active inventory has increased to 5,310 homes, continuing the trend of expanding supply levels across the market.

The median sale price currently sits at $570,000 compared with $585,000 last year, representing a 2.6 percent decrease year over year. The average March price is $649,606 compared with $649,882 last year, essentially unchanged.

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

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,561 total residential sales, representing a 13.7 percent decline compared with the same period in 2025.

New listings total 7,214, down 7.4 percent year over year. Pricing continues to show resilience supported by strong population growth and steady housing demand.

The average year to date sale price is $629,461, representing a 1.8 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 44 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 volatile as traders react to global supply risks and shifting geopolitical developments. Crude oil prices eased slightly late this week after the sharp rally earlier in the month, with West Texas Intermediate trading roughly in the mid‑110 dollar range during recent sessions. The pullback follows profit‑taking by traders and reports that several major producers may consider modest production adjustments if prices remain elevated.

Despite the short‑term fluctuations, oil prices remain significantly higher than earlier in the year, continuing to support Alberta’s economic outlook. Higher energy prices typically lead to increased capital spending in the oil and gas sector, stronger provincial government revenues, and improved employment prospects across Alberta.

Market analysts are also watching global shipping routes and refining capacity constraints, both of which have contributed to recent price swings in global energy markets. For Calgary, sustained strength in the energy sector historically translates into stronger economic growth, migration inflows, and long‑term housing demand.

MONETARY POLICY AND FINANCIAL MARKETS
Financial markets are closely watching the upcoming Bank of Canada interest rate announcement scheduled for March 18. Investors continue debating whether the central bank will maintain its current policy rate or begin signaling future easing later in the year as inflation gradually moderates.

Canadian government bond yields have moved slightly lower in recent sessions as investors position ahead of central bank decisions and global economic data releases. These bond yields play a key role in determining fixed mortgage rates across Canada.

Stable financial conditions combined with improving inflation trends have helped maintain confidence in the housing market heading into the busiest real estate season of the year.

CALGARY ECONOMIC INDICATORS
Calgary’s economy continues benefiting from strong population growth, migration from other Canadian provinces, and comparatively affordable housing relative to larger metropolitan markets.

Current indicators suggest the unemployment rate remains near 6.5 percent, the rental vacancy rate is close to 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 more balanced conditions as inventory levels gradually increase and buyers gain more options. While sales activity remains below last year’s levels, overall 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