Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 22, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 70 residential sales on March 21, down from 105 on March 20 and 76 on March 19, showing some day-to-day volatility in activity. New listings came in at 53, while active listings reached 5,464 homes, up 5.18 percent compared to the same time last year.

Inventory levels remain elevated overall, continuing to provide buyers with more options and reinforcing balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 15 to March 21, Calgary recorded 465 total residential sales, down 11.43 percent compared with the same period in 2025.

New listings totaled 805, a 13.16 percent decrease year over year. Despite fewer new listings, inventory remains higher due to earlier supply increases.

The median price for the week was $582,522, up 1.66 percent from $573,000 last year. The average price was $628,246, essentially unchanged year over year.

Days on market averaged 34 days compared with 28 days last year, indicating a slower pace of absorption.

MONTH-TO-DATE MARKET CONTEXT
Through March 21, Calgary has recorded 1,266 total residential sales, down 14.80 percent compared with 1,486 at the same point last year.

New listings total 2,465, representing a 17.61 percent decrease year over year. Active listings have increased to 5,464 homes, up 5.18 percent from last year.

The median price is $575,000, down 0.95 percent year over year, while the average price is $641,694, essentially flat. Homes are taking approximately 35 days to sell, compared with 30 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,027 total residential sales, a 13.45 percent decline compared with 2025.

New listings total 8,019, down 8.05 percent year over year. The median price is $566,000, down 1.57 percent, while the average price has increased to $629,304, up 1.56 percent.

Days on market have risen to 43 days compared with 34 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

Shorter-term fixed products continue to see strong demand as borrowers remain cautious about longer-term rate commitments.

ECONOMIC AND ENERGY CONTEXT
Recent Canadian inflation data continues to show stickiness, particularly in housing-related costs, reinforcing expectations that interest rates may remain elevated in the near term.

Energy markets remain volatile but supportive. Oil prices continue to trade at elevated levels, with recent sessions seeing prices push toward the $110–$120 per barrel range amid ongoing geopolitical tensions and supply concerns. This elevated pricing environment continues to support Alberta’s economy through stronger revenues, job creation, and migration inflows.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady, signaling a cautious stance as it monitors inflation progress and broader economic conditions.

Bond yields remain relatively firm, keeping mortgage rates elevated and contributing to more measured buyer activity across the housing market.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong interprovincial migration and population growth, supported by employment opportunities and relative housing affordability.

Unemployment remains near the mid-6 percent range, rental vacancy is near 4 percent, and demand fundamentals remain strong, particularly with continued strength in the energy sector.

COMMUNITY SPOTLIGHT – MAHOGANY
Mahogany is one of Calgary’s premier lake communities, located in the southeast and known for its resort-style amenities, including a large freshwater lake, beaches, and extensive walking paths. The community offers a diverse mix of housing options, from condos to estate homes, making it attractive to families, professionals, and retirees. Continued development and strong lifestyle appeal keep Mahogany in high demand.

MARKET SUMMARY
Calgary’s housing market continues to move toward balanced conditions. Sales remain below last year’s levels, while inventory gains are providing more choice for buyers.

Prices remain relatively stable overall, with slight fluctuations week to week. Supported by strong economic fundamentals, elevated energy prices, and ongoing population growth, the market is expected to remain steady as the spring season progresses.