Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 2, 2026 – 8:18 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 20 total residential sales on March 1, reflecting a quiet start to the new month following a steady February finish. New listings totaled 45, showing a balanced inflow of supply against current sales volume. Active inventory stands at 4,887 homes, about 16 percent higher than the same time last year, offering buyers greater choice across all property types.

SEVEN-DAY TRAILING TRENDS
During the week of February 23 to March 1, Calgary reported 403 total sales, down 11.8 percent compared with the same week in 2025. New listings reached 674, a 17.4 percent decline year over year. The median price held steady at $572,000, while the average price rose 2.9 percent to $630,430. Homes spent an average of 43 days on the market, up from 40 last year, indicating a measured but consistent pace as spring activity begins to build.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
As of March 1, total March sales sit at 20 compared with 35 on the same date last year, a 43 percent decrease. New listings have also slowed, down 44 percent year over year at 45. Active listings remain higher at 4,887, marking a 16 percent annual increase. The median March price sits at $603,000, up nearly 4 percent from $580,000 last year, while the average price reached $698,705, a notable 14.5 percent increase. Year to date, Calgary has seen 2,780 total sales, down 13 percent from 2025, while new listings are down 3.6 percent. Despite lower transaction volume, pricing remains stable and reflective of steady buyer demand.

MORTGAGE RATE ENVIRONMENT
Competitive rates currently available to well-qualified Alberta borrowers are approximately: 1-Year Fixed 4.39 to 4.79 percent, 3-Year Fixed 3.59 to 4.49 percent, 5-Year Fixed 3.69 to 4.49 percent, 10-Year Fixed 5.50 to 5.80 percent, 3-Year Variable 3.35 to 3.95 percent, and 5-Year Variable 3.35 to 4.45 percent. Borrowers continue to favor shorter fixed terms to maintain flexibility in anticipation of future rate adjustments.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Analysts widely expect a continued hold, with a potential policy shift later in 2026 as inflation readings moderate. Stable borrowing costs are helping sustain affordability and confidence among both first-time buyers and move-up purchasers.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, and Western Canadian Select remains around 50 USD. These stable energy prices continue to support Alberta’s employment levels and income growth. Calgary’s population is expanding by roughly 180 new residents per day, maintaining strong underlying housing demand across both ownership and rental sectors.

CALGARY ECONOMIC INDICATORS
Unemployment remains around 6.5 percent, with office vacancy steady near 29 percent and rental vacancy around 4 percent. Developers continue to focus on multi-family and mid-density projects that improve affordability and accommodate population growth. These trends suggest an economically sound and balanced real estate market as the city transitions into spring.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods continues to be one of Calgary’s premier southwest communities, offering upscale detached homes, luxury townhomes, and proximity to top schools. The community’s average home price remains near 1.1 million dollars, and turnover remains steady as families and professionals continue to value its location and lifestyle advantages.

MARKET SUMMARY
Calgary’s housing market is off to a measured start in March following a stable February. Rising inventory is giving buyers more choice, while sellers remain supported by firm pricing trends and balanced conditions. The overall tone remains steady, with clear signs of healthy demand and sustainable market fundamentals.

MY PERSPECTIVE
This is a strategically balanced environment. Buyers benefit from increased selection, and sellers who align pricing with market conditions continue to see success. Calgary remains one of Canada’s most consistent and resilient housing markets.

LET’S CONNECT
If you are considering buying, selling, or reviewing your position in today’s market, I am always happy to help.

403-465-1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark