Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 30, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 18 residential sales on March 29, down from 46 on March 28 and 117 on March 27, reflecting typical weekend and day-to-day fluctuations. New listings came in at 35, while active listings increased slightly to 5,599 homes, up 5.09 percent compared to last year.

Inventory continues trending higher, giving buyers more options and maintaining balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 23 to March 29, Calgary recorded 463 total residential sales, down 11.64 percent compared with the same period in 2025.

New listings totaled 775, a 11.33 percent decrease year over year. Despite fewer new listings, inventory remains elevated due to earlier supply gains.

The median price for the week was $580,000, down 4.13 percent from $605,000 last year. The average price came in at $639,532, down 0.18 percent year over year.

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

MONTH-TO-DATE MARKET CONTEXT
Through March 29, Calgary has recorded 1,748 total residential sales, down 15.27 percent compared with 2,063 at the same point last year.

New listings total 3,266, representing a 16.92 percent decrease year over year. Active listings have increased to 5,599 homes, up 5.09 percent.

The median price is $575,000, down 2.38 percent year over year, while the average price is $640,646, essentially unchanged year over year. Homes are taking approximately 35 days to sell compared with 29 days last year.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 4,507 total residential sales, down 13.82 percent compared with 2025.

New listings total 8,820, down 8.70 percent year over year. The median price is $568,000, down 1.22 percent, while the average price is $630,239, up 1.38 percent.

Days on market remain elevated at 42 days compared with 34 days last year, reflecting a more balanced market environment.

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%

Shorter-term fixed and variable products remain popular as borrowers wait for clearer direction on rates.

ECONOMIC AND ENERGY CONTEXT
Energy markets opened the week with renewed volatility, as oil prices moved higher toward the upper-$110 range following supply concerns tied to ongoing geopolitical tensions and constrained global production.

This upward pressure continues to support Alberta’s economic backdrop, reinforcing job growth, investment activity, and migration into Calgary.

At the same time, recent Canadian inflation data shows continued cooling in headline inflation, though core measures remain more persistent. This mixed signal is keeping financial markets cautious on the timing of future rate cuts.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada remains in a holding pattern, maintaining its policy rate while monitoring inflation and economic data.

Bond yields have been relatively stable in recent sessions, suggesting markets are still expecting gradual easing later in 2026, but not imminently. Borrowing costs remain elevated in the near term.

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

Unemployment remains in the mid-6 percent range, while rental demand stays firm. Continued migration into the city is supporting long-term housing demand despite softer short-term sales activity.

COMMUNITY SPOTLIGHT – SETON
Seton, located in Calgary’s southeast, is one of the city’s fastest-growing urban communities. Designed as a complete community, it offers a mix of residential, retail, healthcare, and entertainment amenities, including the South Health Campus.

Its modern design, walkability, and strong infrastructure continue to attract a wide range of buyers, from first-time homeowners to downsizers.

MARKET SUMMARY
Calgary’s housing market remains in a balanced state as inventory levels continue to rise and sales activity softens compared to last year.

Buyers are benefiting from increased selection and more negotiating power, while sellers need to be more strategic with pricing. Despite short-term softness, stable pricing and strong economic fundamentals continue to support the market as Calgary moves into the spring season.