Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 3, 2026 – 8:58 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 49 total residential sales on March 2, showing a modest uptick from the previous day as early March activity begins to build. New listings reached 101, maintaining a healthy level of new supply entering the market. Active inventory stands at 4,903 homes, up 16 percent compared with the same time last year, continuing the trend of improved choice for buyers and a more balanced market overall.

SEVEN-DAY TRAILING TRENDS
During the week of February 24 to March 2, Calgary reported 405 total sales, down 12.2 percent year over year. New listings totaled 728, a 12 percent annual decline. The median price for the week was $580,000, up 1.8 percent from last year’s $569,900, while the average price increased 6.6 percent to $647,799. Days on market averaged 44, up from 40 last year, signaling that buyers are taking a bit more time as inventory expands and selection improves.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
Through March 2, Calgary has recorded 69 total sales, up slightly from 68 at the same time last year. New listings have climbed 13.2 percent year over year to 146, reflecting early signs of seasonal momentum. Active listings remain elevated at 4,903, marking a 16 percent increase from 2025. The March median price sits at $587,500, up 2.7 percent from $572,000, and the average price has risen sharply by nearly 25 percent to $760,712, reflecting higher activity in the upper-price segments. Year to date, total sales are down 12.6 percent to 2,829, while new listings have decreased 2.7 percent. Prices continue to hold steady with modest growth in most categories.

MORTGAGE RATE ENVIRONMENT
Current competitive mortgage rates for qualified Alberta borrowers are approximately as follows: 1-Year Fixed 4.39 to 4.79 percent, 3-Year Fixed 3.59 to 4.49 percent, 5-Year Fixed 3.69 to 4.49 percent, 10-Year Fixed 5.50 to 5.80 percent, 3-Year Variable 3.35 to 3.95 percent, and 5-Year Variable 3.35 to 4.45 percent. Short-term fixed terms remain a popular choice for borrowers seeking flexibility as rate expectations evolve.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate is holding at 2.25 percent, with the next policy announcement scheduled for March 18. Economists expect no change this month, with a potential easing later in 2026 depending on inflation trends. Rate stability continues to support affordability and borrowing confidence heading into the spring market.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, and Western Canadian Select remains around 50 USD. Energy market consistency continues to underpin Alberta’s economic strength and job stability. Calgary’s population growth, averaging about 180 new residents daily, is sustaining long-term demand across both ownership and rental housing sectors.

CALGARY ECONOMIC INDICATORS
Unemployment remains near 6.5 percent, with office vacancy steady at approximately 29 percent and rental vacancy around 4 percent. Builders remain focused on multi-family and mid-density projects to expand affordability options. These metrics reinforce a stable, balanced market entering the key spring selling period.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods continues to be one of Calgary’s premier southwest communities, offering estate homes, proximity to top schools, and easy access to major routes and amenities. The community maintains an average sale price near $1.1 million, with ongoing buyer demand from professionals and families seeking long-term lifestyle value.

MARKET SUMMARY
Calgary’s housing market continues to balance increased supply with consistent demand. While sales volumes are trending slightly lower year over year, stable prices and growing inventory are creating favorable conditions for both buyers and sellers. The market remains healthy and well-positioned as the spring season begins.

MY PERSPECTIVE
This is a measured, opportunity-driven environment. Buyers benefit from more options and stable rates, while sellers who price strategically continue to achieve success. Calgary remains one of Canada’s most stable, sustainable, and attractive real estate markets.

LET’S CONNECT
If you are considering buying, selling, or simply want to discuss your position in the market, I am always happy to help.

403-465-1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark