Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 20, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 76 residential sales on March 19, consistent with 77 sales on March 18 and up from 60 on March 17, showing steady daily activity. New listings rose to 232, while active listings increased to 5,423 homes, up 8.92 percent compared to the same time last year.

Inventory continues to build, giving buyers more selection and reinforcing a shift toward more balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 13 to March 19, Calgary recorded 446 total residential sales, down 15.37 percent compared with the same period in 2025.

New listings totaled 786, a 20.53 percent decrease year over year. Despite fewer new listings, overall inventory levels remain higher due to earlier supply gains.

The median price for the week was $585,000, up 1.74 percent from $575,000 last year. The average price came in at $637,913, down 0.37 percent year over year.

Days on market averaged 33 days compared with 28 days last year, indicating a slower pace of absorption.

MONTH-TO-DATE MARKET CONTEXT
Through March 19, Calgary has recorded 1,091 total residential sales, down 14.09 percent compared with 1,270 at the same point last year.

New listings total 2,225, representing an 11.00 percent decrease year over year. Active listings have increased to 5,423 homes, up 8.92 percent from last year.

The median price sits at $575,000, down 1.71 percent from last year, while the average price is $645,808, essentially flat year over year. Homes are taking approximately 35 days to sell compared with 30 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,852 total residential sales, a 13.18 percent decline compared with 2025.

New listings total 7,779, down 5.47 percent year over year. The median price is $566,000, down 1.57 percent, while the average price has increased to $629,907, up 1.63 percent.

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

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 favor shorter-term fixed products while monitoring interest rate direction through 2026.

ECONOMIC AND ENERGY CONTEXT
Recent Canadian inflation data continues to show persistent pressure, particularly in shelter and energy categories. This is reinforcing expectations that interest rates may remain elevated in the near term, influencing affordability and buyer activity.

Energy markets remain a major driver of Alberta’s economic momentum. Oil prices continue to trade at elevated levels, holding above the 100 dollar per barrel range amid ongoing geopolitical tensions and supply uncertainty. Strong energy pricing is supporting provincial revenues, employment growth, and interprovincial migration, all of which contribute to sustained housing demand in Calgary.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada recently held its policy rate steady, signaling a cautious stance as it continues to monitor inflation trends. Policymakers remain focused on ensuring inflation moves sustainably toward target before considering rate cuts.

Bond yields remain relatively firm, keeping mortgage rates elevated compared to previous years. This is moderating demand but helping maintain more stable housing conditions.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong population inflows and relative affordability compared to other major Canadian cities. Migration into Alberta remains a key driver of housing demand.

The unemployment rate remains near 6.5 percent, rental vacancy is around 4 percent, and population growth continues at a steady pace. These fundamentals continue to support long-term housing stability.

COMMUNITY SPOTLIGHT – SETON
Seton is a rapidly growing southeast Calgary community designed as a complete urban district, featuring residential, retail, and healthcare amenities including the South Health Campus. The area offers a wide range of housing options, from condos to single-family homes, attracting first-time buyers, investors, and young families. Ongoing development and strong infrastructure investment continue to drive demand and long-term growth potential in this community.

MARKET SUMMARY
Calgary’s housing market continues its transition toward balanced conditions. Rising inventory and softer sales are giving buyers more flexibility, while prices remain relatively stable with modest fluctuations across segments.

The spring market is developing at a more measured pace, supported by strong economic fundamentals, population growth, and elevated energy prices that continue to underpin Alberta’s economy.