Real Estate Blog

CALGARY AND AREA HOUSING MARKET REPORT – MARCH 31, 2026

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 56 residential sales on March 30, up from 18 on March 29 but below the 46 recorded on March 28. New listings came in at 68, while active listings edged slightly lower to 5,576 homes, still up 4.99 percent compared to last year.

Inventory levels remain elevated overall, continuing to support more balanced market conditions.

SEVEN-DAY TRAILING TRENDS
For the week of March 24 to March 30, Calgary recorded 457 total residential sales, down 12.79 percent compared with the same period in 2025.

New listings totaled 762, a 12.61 percent decrease year over year. Despite this decline, overall inventory remains higher due to earlier gains in supply.

The median price for the week was $584,500, down 2.58 percent from $600,000 last year. The average price came in at $648,280, up 2.23 percent year over year.

Days on market averaged 36 days compared with 28 days last year, reflecting a slower pace of activity.

MONTH-TO-DATE MARKET CONTEXT
Through March 30, Calgary has recorded 1,804 total residential sales, down 13.81 percent compared with 2,093 at the same point last year.

New listings total 3,334, representing a 15.77 percent decrease year over year. Active listings are at 5,576 homes, up 4.99 percent.

The median price is $575,000, down 1.71 percent year over year, while the average price is $641,027, up 0.21 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 4,563 total residential sales, down 13.25 percent compared with 2025.

New listings total 8,888, down 8.25 percent year over year. The median price is $569,000, down 1.04 percent, while the average price is $630,518, up 1.49 percent.

Days on market remain elevated at 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 changes later this year.

ECONOMIC AND ENERGY CONTEXT
Oil prices remain elevated, holding in the mid-to-high $110 range despite recent volatility. Ongoing supply constraints and geopolitical uncertainty continue to support pricing, reinforcing Alberta’s economic strength.

Strong energy revenues are contributing to job growth, investment, and continued migration into Calgary, all of which support housing demand. Inflation continues to ease gradually, though housing-related costs remain persistent.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada continues to hold its policy rate steady, maintaining a cautious stance as it monitors inflation and economic conditions.

Bond yields have remained relatively stable, with markets still expecting gradual rate cuts later in 2026. Borrowing costs remain elevated in the short term.

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

Unemployment is holding in the mid-6 percent range, while rental demand remains strong. Migration into the city continues to underpin long-term housing demand.

COMMUNITY SPOTLIGHT – MAHOGANY
Mahogany, located in Calgary’s southeast, is one of the city’s most sought-after lake communities. Known for its private lake, extensive pathways, and strong amenities, it attracts a wide range of buyers from young families to move-up purchasers.

Its lifestyle appeal and continued development support long-term value and consistent demand.

MARKET SUMMARY
Calgary’s housing market continues to transition toward balanced conditions, with higher inventory levels giving buyers more choice and flexibility.

Sales remain below last year’s levels, while prices are showing mild short-term fluctuations but overall stability. Supported by strong economic fundamentals and population growth, Calgary’s housing market remains well-positioned heading into the spring market.