Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 25, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 66 residential sales on March 24, up from 62 on March 23 and 21 on March 22, showing a rebound in activity to start the week. New listings came in at 88, while active listings reached 5,422 homes, up 5.16 percent compared to the same time last year.

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

SEVEN-DAY TRAILING TRENDS
For the week of March 18 to March 24, Calgary recorded 476 total residential sales, down 8.81 percent compared with the same period in 2025.

New listings totaled 800, a 13.33 percent decrease year over year. Inventory remains higher overall despite fewer new listings, reflecting accumulated supply.

The median price for the week was $581,250, down 0.64 percent from $585,000 last year. The average price came in at $631,538, down 1.48 percent year over year.

Days on market averaged 36 days compared with 28 days last year, indicating a slower pace of sales.

MONTH-TO-DATE MARKET CONTEXT
Through March 24, Calgary has recorded 1,413 total residential sales, down 13.53 percent compared with 1,634 at the same point last year.

New listings total 2,660, representing a 16.17 percent decrease year over year. Active listings have increased to 5,422 homes, up 5.16 percent from last year.

The median price is $575,000, down 1.71 percent year over year, while the average price is $642,965, down 0.24 percent. Homes are taking approximately 35 days to sell compared with 29 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,174 total residential sales, a 13.06 percent decline compared with 2025.

New listings total 8,214, down 7.73 percent year over year. The median price is $567,750, down 1.26 percent, while the average price has increased to $630,171, up 1.46 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 lean toward shorter-term and variable options as they wait for clearer direction on future rate cuts.

ECONOMIC AND ENERGY CONTEXT
Energy markets continue to fluctuate at elevated levels. After recently testing the $120 per barrel range, oil prices have eased slightly but remain strong overall, continuing to support Alberta’s economic momentum through investment, employment, and migration.

Recent economic data suggests inflation pressures are gradually cooling but remain persistent in key areas, particularly housing and services. This keeps overall financial conditions relatively tight.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to maintain its policy rate, reinforcing a cautious stance as it monitors inflation and economic stability.

Markets are increasingly expecting a slow and measured path toward rate cuts rather than rapid easing, which continues to influence mortgage rates and buyer behaviour.

CALGARY ECONOMIC INDICATORS
Calgary continues to see strong population growth driven by interprovincial migration and economic opportunity. Elevated energy prices are supporting job creation and business activity across the province.

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

COMMUNITY SPOTLIGHT – SETON
Seton is one of Calgary’s fastest-growing urban communities, designed as a modern “downtown” for the city’s southeast. It offers a mix of condos, townhomes, and detached properties, along with major amenities including the South Health Campus, retail, restaurants, and entertainment. Its walkability, urban design, and continued development make it especially attractive to young professionals and investors.

MARKET SUMMARY
Calgary’s housing market continues to transition into more balanced conditions. Sales remain below last year’s pace, while inventory gains are giving buyers more flexibility.

Prices are showing slight downward pressure in recent weeks, while overall stability is maintained. Supported by strong economic fundamentals and elevated energy prices, the market is expected to remain steady as the spring market continues to unfold.