Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 26, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 77 residential sales on March 25, up from 66 on March 24 and 62 on March 23, showing steady momentum through the week. New listings came in at 135, while active listings rose to 5,453 homes, up 6.32 percent compared to the same time last year.

Inventory levels continue to trend higher, giving buyers more selection and reinforcing balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 19 to March 25, Calgary recorded 476 total residential sales, down 9.51 percent compared with the same period in 2025.

New listings totaled 802, a 11.09 percent decrease year over year. Despite fewer new listings, inventory remains elevated due to earlier supply gains.

The median price for the week was $579,500, down 3.42 percent from $600,000 last year. The average price came in at $637,878, down 2.17 percent year over year.

Days on market averaged 35 days compared with 28 days last year, indicating a slower pace of sales.

MONTH-TO-DATE MARKET CONTEXT
Through March 25, Calgary has recorded 1,490 total residential sales, down 13.07 percent compared with 1,714 at the same point last year.

New listings total 2,795, representing a 14.47 percent decrease year over year. Active listings have increased to 5,453 homes, up 6.32 percent from last year.

The median price is $575,000, down 1.78 percent year over year, while the average price is $643,269, down 0.55 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 4,251 total residential sales, a 12.91 percent decline compared with 2025.

New listings total 8,349, down 7.20 percent year over year. The median price is $568,000, down 1.22 percent, while the average price has increased to $630,511, up 1.32 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 balance between short-term fixed and variable options as rate expectations remain uncertain.

ECONOMIC AND ENERGY CONTEXT
Energy markets continue to show volatility at elevated levels. Oil prices remain well above long-term averages, holding near the $110–$120 range in recent sessions, supported by ongoing geopolitical tensions and constrained global supply.

These elevated prices continue to strengthen Alberta’s economic outlook, supporting investment, employment growth, and migration into Calgary. At the same time, markets have shown increased day-to-day swings, reflecting uncertainty around global demand and policy responses.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada remains in a holding pattern following its recent rate decision, as it continues to assess inflation trends and overall economic momentum.

Bond yields have remained relatively stable, and financial markets are increasingly expecting a gradual and cautious approach to any future rate cuts. This continues to keep borrowing costs elevated and influences buyer behaviour.

CALGARY ECONOMIC INDICATORS
Calgary’s economy continues to benefit from strong population growth and migration, supported by a resilient energy sector.

Unemployment remains in the mid-6 percent range, while rental vacancy holds near 4 percent. Demand for housing remains supported by steady inflows of new residents and improving economic conditions.

COMMUNITY SPOTLIGHT – MAHOGANY
Mahogany is one of Calgary’s premier lake communities in the southeast, known for its extensive amenities, including a private lake, beaches, walking paths, and a vibrant village centre. The community offers a wide range of housing options, from condos and townhomes to larger estate properties, attracting families, professionals, and investors. Its strong lifestyle appeal and continued development make it one of the most desirable communities in the city.

MARKET SUMMARY
Calgary’s housing market continues to stabilize into balanced conditions. Sales remain below last year’s pace, while inventory gains are giving buyers increased negotiating power.

Prices are showing modest downward pressure in recent weeks, particularly in the short term, while overall stability remains intact. Supported by strong economic fundamentals and elevated energy prices, Calgary’s market continues to demonstrate resilience as the spring market progresses.