Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 19, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 77 residential sales on March 18, an increase from 60 sales on March 17 and 57 on March 16, showing a slight pickup in daily activity. New listings came in at 133, while active inventory rose to 5,299 homes, up 7.03 percent compared to the same time last year.

Inventory levels continue to trend higher, giving buyers more options and contributing to more balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 12 to March 18, Calgary recorded 435 total residential sales, down 17.77 percent compared with the same week in 2025.

New listings totaled 791 for the week, a 20.34 percent decrease year over year. Despite the drop in new supply, inventory remains elevated due to earlier accumulation.

The median price for the week was $571,028, down 1.38 percent from $579,000 last year. The average price came in at $633,772, down 1.15 percent year over year.

Homes are taking longer to sell, with days on market averaging 33 days compared with 29 days last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 18, Calgary has recorded 1,015 total residential sales, down 14.56 percent compared with 1,188 at the same point last year.

New listings total 1,993, representing a 15.77 percent decline year over year. Active listings have increased to 5,299 homes, up 7.03 percent from last year.

The median sale price is $575,000, down 0.86 percent from last year, while the average price is $645,818, up 0.21 percent. Homes are taking approximately 35 days to sell compared with 30 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,776 total residential sales, a 13.30 percent decline compared with 2025.

New listings total 7,547, down 6.77 percent year over year. The median price is $565,000, down 1.57 percent, while the average price has increased to $629,589, up 1.76 percent.

Days on market have risen to 44 days compared with 35 days last year, reflecting a slower and more balanced pace.

MORTGAGE RATE ENVIRONMENT
Competitive mortgage rates for qualified Alberta borrowers are currently in 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

Borrowers continue to focus on shorter-term fixed options while monitoring rate direction through 2026.

ECONOMIC AND ENERGY CONTEXT
Recent Canadian inflation data indicates that price pressures remain persistent, particularly in shelter and energy categories. This is reinforcing expectations that interest rates may stay higher for longer, continuing to impact affordability.

Energy markets remain volatile but elevated. Oil prices are holding in the roughly 110 to 120 dollar per barrel range, supported by ongoing geopolitical tensions and supply-side constraints. Elevated oil prices continue to strengthen Alberta’s economy through increased investment, employment, and migration, all of which support housing demand.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada held its policy rate steady in its latest announcement, maintaining a cautious stance as it monitors inflation trends. The Bank continues to signal that it is waiting for clearer evidence of sustained disinflation before considering rate cuts.

Bond yields remain relatively elevated, keeping mortgage rates higher than recent historical lows. This is moderating buyer activity while supporting more stable and balanced housing conditions.

CALGARY ECONOMIC INDICATORS
Calgary continues to experience strong population growth and migration, supported by relative housing affordability compared to other major Canadian cities.

Unemployment remains near 6.5 percent, rental vacancy is around 4 percent, and the city continues to add new residents at a steady pace. These factors provide ongoing support for long-term housing demand.

COMMUNITY SPOTLIGHT – MAHOGANY
Mahogany is one of Calgary’s premier lake communities in the southeast, known for its resort-style amenities, pathways, and family-oriented design. The area offers a mix of detached homes, townhouses, and condos, attracting a wide range of buyers from first-time purchasers to move-up families. Continued development and strong demand have made Mahogany one of the most active and desirable suburban communities in the city.

MARKET SUMMARY
Calgary’s housing market continues to move toward balanced conditions. Inventory gains and softer sales are giving buyers more flexibility, while prices remain relatively stable with slight downward pressure in some segments.

The spring market is shaping up to be more measured, with steady demand supported by strong economic fundamentals and population growth.