Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 29, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 46 residential sales on March 28, down from 117 on March 27 and 77 on March 26, reflecting typical day-to-day volatility. New listings came in at 57, while active listings held steady at 5,587 homes, up 4.51 percent compared to last year.

Inventory remains elevated, continuing to provide buyers with more selection and balanced conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 22 to March 28, Calgary recorded 466 total residential sales, down 10.73 percent compared with the same period in 2025.

New listings totaled 766, a 14.32 percent decrease year over year. Despite fewer new listings, inventory levels remain higher overall.

The median price for the week was $580,000, down 2.92 percent from $597,450 last year. The average price came in at $635,246, down 0.28 percent year over year.

Days on market averaged 36 days compared with 27 days last year, indicating a slower pace of sales.

MONTH-TO-DATE MARKET CONTEXT
Through March 28, Calgary has recorded 1,730 total residential sales, down 13.84 percent compared with 2,008 at the same point last year.

New listings total 3,231, representing a 16.86 percent decrease year over year. Active listings have increased to 5,587 homes, up 4.51 percent.

The median price is $575,000, down 1.71 percent year over year, while the average price is $639,973, down 0.14 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 4,489 total residential sales, down 13.26 percent compared with 2025.

New listings total 8,785, down 8.63 percent year over year. The median price is $569,000, down 1.04 percent, while the average price is $629,938, up 1.37 percent.

Days on market have improved slightly to 42 days compared with 34 days last year, continuing to reflect a more balanced market.

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 shorter-term options while watching for potential rate adjustments later this year.

ECONOMIC AND ENERGY CONTEXT
Oil prices stabilized over the weekend after recent volatility, holding near the mid-$110 range. Markets are balancing strong supply constraints with mixed global demand signals, particularly as economic growth slows in some regions.

For Alberta, sustained high energy prices continue to support economic strength, job creation, and interprovincial migration into Calgary. These factors remain key drivers of long-term housing demand.

At the same time, inflation continues to trend downward gradually, though shelter and housing-related costs remain persistent components of overall inflation.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada is maintaining its current policy rate, taking a wait-and-see approach as inflation data evolves.

Financial markets are increasingly pricing in the possibility of rate cuts later in 2026, with bond yields showing modest downward pressure in recent sessions. Borrowing conditions remain relatively tight for now.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong population growth and economic resilience driven by the energy sector.

Unemployment remains in the mid-6 percent range, while rental demand stays firm. Migration into the city continues to underpin long-term housing demand despite softer sales activity.

COMMUNITY SPOTLIGHT – EVANSTON
Evanston remains a popular northwest Calgary community, especially for families and first-time buyers. Offering a range of housing options, good access to major routes, and expanding amenities, it continues to attract steady demand.

Its relative affordability and ongoing development support long-term value potential.

MARKET SUMMARY
Calgary’s housing market remains balanced, with increased inventory providing buyers with more flexibility and time.

Sales activity continues to trail last year, while prices are showing mild short-term softness but overall stability. With strong economic fundamentals and continued population growth, the market remains well-supported as Calgary moves toward the peak spring season.