Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 27, 2026

CALGARY DAILY HOUSING SUMMARY

Calgary recorded 77 residential sales on March 26, consistent with 77 on March 25 and up from 66 on March 24, showing steady late-week activity. New listings came in at 190, while active listings climbed to 5,537 homes, up 7.62 percent compared to the same time last year.

Inventory continues to build, giving buyers more options and reinforcing a shift toward balanced conditions.

SEVEN-DAY TRAILING TRENDS

For the week of March 20 to March 26, Calgary recorded 477 total residential sales, down 9.32 percent compared with the same period in 2025.

New listings totaled 759, a 15.76 percent decrease year over year. Despite fewer new listings, overall inventory remains higher due to accumulated supply.

The median price for the week was $575,000, down 4.28 percent from $600,695 last year. The average price came in at $633,289, down 3.30 percent year over year.

Days on market averaged 35 days compared with 27 days last year, indicating a slower pace of sales.

MONTH-TO-DATE MARKET CONTEXT

Through March 26, Calgary has recorded 1,567 total residential sales, down 12.75 percent compared with 1,796 at the same point last year.

New listings total 2,984, representing a 12.26 percent decrease year over year. Active listings have increased to 5,537 homes, up 7.62 percent from last year.

The median price is $575,000, down 2.62 percent year over year, while the average price is $641,985, down 1.09 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 4,327 total residential sales, a 12.81 percent decline compared with 2025.

New listings total 8,538, down 6.48 percent year over year. The median price is $568,000, down 1.47 percent, while the average price has increased to $630,301, up 1.09 percent.

Days on market have risen to 43 days compared with 34 days last year, continuing to reflect a more balanced and less competitive market.

MORTGAGE RATE ENVIRONMENT

Competitive mortgage rates for qualified Alberta borrowers are currently in the following ranges:

• 1 year fixed: 4.39% – 4.79%

• 3 year fixed: 3.59% – 4.49%

• 5 year fixed: 3.69% – 4.49%

• 10 year fixed: 5.50% – 5.80%

• 3 year variable: 3.35% – 3.95%

• 5 year variable: 3.35% – 4.45%

Borrowers continue to favour flexibility, with many opting for shorter-term or variable products while watching rate direction.

ECONOMIC AND ENERGY CONTEXT

Energy markets remain a key driver of Alberta’s outlook, with oil prices continuing to trade at elevated levels, generally holding in the $110–$120 per barrel range this week. Volatility has increased, with intraday swings driven by geopolitical developments and shifting supply expectations.

These elevated price levels are supporting Alberta’s economy through stronger government revenues, increased capital investment, and continued job growth. Migration into Calgary remains strong as a result.

At the same time, broader economic data suggests inflation is gradually easing but still persistent in shelter and services, keeping overall financial conditions relatively tight.

MONETARY POLICY AND FINANCIAL MARKETS

The Bank of Canada continues to hold its policy rate steady following its latest announcement, maintaining a cautious stance as it evaluates inflation trends.

Financial markets are increasingly aligned around a “higher for longer” narrative, with expectations for gradual—not aggressive—rate cuts later in 2026. Bond yields remain relatively stable, which continues to anchor mortgage rates.

CALGARY ECONOMIC INDICATORS

Calgary’s economy remains supported by strong population growth, interprovincial migration, and energy sector strength.

Unemployment is holding in the mid-6 percent range, while rental vacancy remains near 4 percent. Housing demand continues to be supported by steady inflows of new residents and improving economic conditions tied to energy markets.

COMMUNITY SPOTLIGHT – ALTADORE

Altadore is one of Calgary’s most desirable inner-city communities, known for its proximity to downtown, vibrant amenities, and access to River Park. The area features a mix of modern infills, townhomes, and character properties, attracting young professionals and families alike.

Its walkability, strong resale demand, and ongoing redevelopment make Altadore a consistent top performer for both lifestyle and long-term investment value.

MARKET SUMMARY

Calgary’s housing market continues to transition into balanced territory. Sales remain below last year’s pace, while rising inventory is giving buyers more leverage and time to make decisions.

Prices are experiencing modest downward pressure in the short term, particularly on a weekly basis, while remaining relatively stable overall. Supported by strong economic fundamentals and elevated energy prices, Calgary remains one of the more resilient housing markets in Canada as the spring market unfolds.