Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 23, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 21 residential sales on March 22, down from 70 on March 21 and 105 on March 20, reflecting typical weekend slowing in activity. New listings came in at 26, while active listings held steady at 5,461 homes, up 5.02 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 16 to March 22, Calgary recorded 466 total residential sales, down 11.57 percent compared with the same period in 2025.

New listings totaled 791, a 15.13 percent decrease year over year. Despite fewer new listings, overall inventory remains higher due to earlier gains.

The median price for the week was $580,000, up 1.75 percent from $570,000 last year. The average price came in at $629,782, up 0.52 percent year over year.

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

MONTH-TO-DATE MARKET CONTEXT
Through March 22, Calgary has recorded 1,287 total residential sales, down 16.37 percent compared with 1,539 at the same point last year.

New listings total 2,491, representing an 18.51 percent decrease year over year. Active listings have increased to 5,461 homes, up 5.02 percent from last year.

The median price is $575,000, down 0.86 percent year over year, while the average price is $641,027, essentially unchanged. Homes are taking approximately 35 days to sell compared with 30 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,048 total residential sales, a 13.98 percent decline compared with 2025.

New listings total 8,045, down 8.43 percent year over year. The median price is $565,550, down 1.47 percent, while the average price has increased to $629,157, up 1.55 percent.

Days on market have risen to 43 days compared with 34 days last year, continuing to reflect 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 options while waiting for clearer signals on future rate direction.

ECONOMIC AND ENERGY CONTEXT
Global energy markets remain highly dynamic. Oil prices recently surged toward the $120 per barrel level before seeing some consolidation, driven by ongoing geopolitical tensions and supply uncertainty. Elevated oil prices continue to strengthen Alberta’s economic outlook, supporting job growth, capital investment, and migration into the province.

At the same time, recent Canadian inflation data shows that price pressures remain persistent in key areas such as shelter and energy. While inflation is gradually moderating, it is not yet back to target, reinforcing a cautious outlook for interest rates.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to maintain its policy rate, emphasizing a data-dependent approach as it evaluates inflation trends and economic momentum.

Financial markets are increasingly aligned around a “higher for longer” rate environment, with bond yields remaining relatively stable. This continues to influence mortgage pricing and buyer sentiment, contributing to a more measured pace in the housing market.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong population inflows, driven by interprovincial migration and economic opportunity. Elevated energy prices are reinforcing employment gains and supporting overall economic stability.

Unemployment remains in the mid-6 percent range, rental vacancy is near 4 percent, and housing demand continues to be supported by steady population growth and improving economic fundamentals.

COMMUNITY SPOTLIGHT – ALTADORE
Altadore is one of Calgary’s most sought-after inner-city communities, known for its proximity to downtown, access to the Elbow River pathway system, and vibrant lifestyle amenities. The area features a mix of modern infill homes, townhouses, and some low-rise condos, attracting professionals and families alike. Its strong resale demand and walkability continue to make it a standout neighbourhood in Calgary’s housing market.

MARKET SUMMARY
Calgary’s housing market continues to shift toward balanced conditions. Sales remain below last year’s pace, while higher inventory levels are giving buyers more flexibility and negotiating power.

Prices remain relatively stable, with modest weekly gains, while economic fundamentals—including strong energy markets and population growth—continue to support the market as the spring season unfolds.