Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 24, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 63 residential sales on March 23, up from 21 on March 22 but down from 70 on March 21, reflecting typical day-to-day variability. New listings came in at 81, while active listings sit at 5,440 homes, up 4.92 percent compared to the same time last year.

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

SEVEN-DAY TRAILING TRENDS
For the week of March 17 to March 23, Calgary recorded 471 total residential sales, down 9.94 percent compared with the same period in 2025.

New listings totaled 799, a 12.87 percent decrease year over year. Inventory remains higher despite fewer new listings, reflecting accumulated supply over recent weeks.

The median price for the week was $575,000, up 0.35 percent from $573,000 last year. The average price came in at $616,136, down 2.14 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 23, Calgary has recorded 1,348 total residential sales, down 14.09 percent compared with 1,569 at the same point last year.

New listings total 2,572, representing a 16.66 percent decrease year over year. Active listings have increased to 5,440 homes, up 4.92 percent from last year.

The median price is $575,000, down 0.95 percent year over year, while the average price is $638,390, down 0.49 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 4,109 total residential sales, a 13.24 percent decline compared with 2025.

New listings total 8,126, down 7.82 percent year over year. The median price is $565,500, down 1.65 percent, while the average price has increased to $628,468, up 1.39 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

Shorter-term fixed and variable options continue to attract borrowers as rate uncertainty persists.

ECONOMIC AND ENERGY CONTEXT
Energy markets have seen increased volatility over the past several sessions. Oil prices, after recently pushing toward the $120 per barrel level, have shown some pullback and consolidation as markets react to shifting geopolitical developments and profit-taking.

Despite short-term fluctuations, energy prices remain historically elevated, continuing to support Alberta’s economy through strong revenues, job creation, and ongoing migration into the province.

On the macro side, inflation in Canada remains sticky, particularly in housing and services. While headline inflation is gradually easing, underlying pressures continue to influence central bank policy and consumer sentiment.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady, reinforcing a cautious, data-dependent stance as it monitors inflation and economic performance.

Financial markets are increasingly aligned with a prolonged higher-rate environment. Bond yields remain relatively stable, which continues to keep mortgage rates elevated and contributes to more measured activity in the housing market.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong population growth driven by interprovincial migration and economic opportunity. Elevated energy prices are supporting employment and investment across the province.

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

COMMUNITY SPOTLIGHT – CRANSTON
Cranston is a popular southeast Calgary community known for its access to the Bow River, extensive pathway system, and family-oriented amenities. The neighbourhood offers a mix of housing options, including single-family homes, townhouses, and condos, making it attractive to a wide range of buyers. Its proximity to Seton’s urban district and strong community feel continue to support demand and long-term value.

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

Prices are showing stability with slight downward pressure in some segments, while broader economic fundamentals—including strong energy markets and continued population growth—remain supportive as the spring market progresses.