Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 28, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 117 residential sales on March 27, a strong increase from 77 on both March 26 and March 25. New listings came in at 190, while active listings rose to 5,585 homes, up 5.64 percent year over year.

Inventory levels continue to rise, giving buyers more choice and maintaining balanced conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 21 to March 27, Calgary recorded 489 total residential sales, down 4.68 percent compared with the same period in 2025.

New listings totaled 762, a 12.81 percent decrease year over year. Inventory remains elevated despite fewer new listings.

The median price for the week was $575,000, down 4.91 percent from $604,700 last year. The average price was $620,220, down 5.14 percent year over year.

Days on market averaged 36 days compared with 26 days last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 27, Calgary has recorded 1,684 total residential sales, down 10.23 percent compared with last year.

New listings total 3,174, down 13.28 percent year over year. Active listings increased to 5,585 homes, up 5.64 percent.

The median price is $575,000, down 2.17 percent, while the average price is $638,583, down 0.96 percent. Days on market are averaging 35 days versus 29 last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,443 total residential sales, down 11.90 percent compared with 2025.

New listings total 8,728, down 7.04 percent. The median price is $568,000, down 1.22 percent, while the average price is $629,307, up 1.12 percent.

Days on market have increased to 43 days compared with 34 days last year.

MORTGAGE RATE ENVIRONMENT
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 while monitoring rate direction.

ECONOMIC AND ENERGY CONTEXT
Oil prices eased slightly this week, settling in the low-$110 range after recent highs. The pullback reflects short-term market adjustments and softer global demand expectations.

Despite this, energy prices remain strong overall, continuing to support Alberta’s economy through employment, investment, and migration into Calgary. Inflation is gradually easing, though housing-related costs remain sticky.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady, maintaining a cautious approach as inflation trends evolve.

Bond yields have softened slightly, reinforcing expectations that rate cuts may come later in 2026, though borrowing costs remain elevated for now.

CALGARY ECONOMIC INDICATORS
Calgary’s economy remains resilient, supported by strong population growth and a stable energy sector.

Unemployment is in the mid-6 percent range, and rental markets remain tight, supporting underlying housing demand.

COMMUNITY SPOTLIGHT – EVANSTON
Evanston is a growing northwest Calgary community popular with families and first-time buyers. It offers a mix of housing types, good access to major routes, and strong community amenities.

Its affordability and continued development make it a solid long-term option.

MARKET SUMMARY
Calgary’s housing market remains balanced, with rising inventory giving buyers more negotiating power.

Sales are still below last year’s levels, but recent activity shows demand remains present. Prices are experiencing modest short-term pressure while overall stability continues, supported by strong economic fundamentals.