Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 21, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 105 residential sales on March 20, up from 76 on March 19 and 77 on March 18, showing a notable rebound in daily activity. New listings came in at 187, while active listings climbed to 5,489 homes, up 6.73 percent compared to the same time last year.

Inventory continues to trend higher overall, giving buyers more choice and maintaining more balanced market conditions despite short-term fluctuations in daily activity.

SEVEN-DAY TRAILING TRENDS
For the week of March 14 to March 20, Calgary recorded 442 total residential sales, down 19.20 percent compared with the same week in 2025.

New listings totaled 802, a 19.40 percent decrease year over year. Despite fewer new listings, inventory levels remain elevated due to earlier supply growth.

The median price for the week was $587,893, up 3.14 percent from $570,000 last year. The average price came in at $640,895, up 1.33 percent year over year.

Days on market averaged 33 days compared with 30 days last year, indicating a slightly slower pace but still stable conditions.

MONTH-TO-DATE MARKET CONTEXT
Through March 20, Calgary has recorded 1,196 total residential sales, down 12.25 percent compared with 1,363 at the same point last year.

New listings total 2,412, representing a 13.42 percent decrease year over year. Active listings have increased to 5,489 homes, up 6.73 percent from last year.

The median price is $575,000, down 0.86 percent year over year, while the average price is $645,933, up 0.72 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 3,957 total residential sales, a 12.65 percent decline compared with 2025.

New listings total 7,966, down 6.45 percent year over year. The median price is $566,000, down 1.39 percent, while the average price has increased to $630,366, up 1.87 percent.

Days on market have risen to 43 days compared with 35 days last year, continuing to reflect a more balanced and less competitive 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 mortgages as they navigate uncertainty around future rate movements.

ECONOMIC AND ENERGY CONTEXT
Recent economic data continues to highlight persistent inflation pressures in Canada, particularly in shelter and energy-related costs. This is reinforcing expectations that interest rates may remain elevated in the near term, even as broader inflation trends begin to stabilize.

Energy markets remain highly supportive of Alberta’s economy. Oil prices continue to trade at elevated levels, holding in the triple-digit range amid ongoing geopolitical tensions and supply constraints. Strong oil pricing is driving increased investment, supporting employment growth, and attracting migration into Alberta, all of which contribute positively to housing demand in Calgary.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada held its benchmark rate steady in its most recent announcement, maintaining a cautious approach as it monitors inflation and economic conditions.

Financial markets are adjusting to a higher-for-longer rate environment, with bond yields remaining relatively firm. This continues to influence mortgage pricing and buyer sentiment, contributing to more measured housing activity.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong interprovincial migration and population growth, supported by economic opportunities and relatively affordable housing compared to other major Canadian cities.

Unemployment remains near 6.5 percent, rental vacancy is around 4 percent, and demand for housing remains supported by steady population inflows and improving economic conditions tied to the energy sector.

COMMUNITY SPOTLIGHT – BELTLINE
Beltline is one of Calgary’s most vibrant inner-city communities, known for its high-density living, walkability, and proximity to downtown. The area features a mix of condos, apartments, and some townhome developments, attracting young professionals, investors, and downsizers. Ongoing urban development, strong rental demand, and lifestyle amenities continue to make Beltline a key hub in Calgary’s real estate market.

MARKET SUMMARY
Calgary’s housing market continues to stabilize as higher inventory levels provide buyers with more flexibility. While sales remain below last year’s pace, pricing has held relatively firm with some upward movement in recent weekly trends.

As the spring market progresses, strong economic fundamentals, elevated energy prices, and continued population growth are expected to support steady housing demand in the months ahead.