Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 4, 2026 – 8:54 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 43 total residential sales on March 3, a slight dip from the previous day’s 49 transactions. New listings came in at 91, maintaining a consistent pace of new supply entering the market. Active inventory sits at 4,895 homes, up 15.7 percent from the same time last year, continuing to provide buyers with more options across most price points and property types.

SEVEN-DAY TRAILING TRENDS
For the week of February 25 to March 3, Calgary reported 378 total sales, down 17.1 percent compared with the same week in 2025. New listings totaled 738, a 16 percent annual decline. The median price for the week was $576,694, down less than one percent year over year, while the average price rose slightly by 1 percent to $629,708. Homes spent an average of 37 days on the market, up from 34 last year, reflecting a slower but stable pace of activity as inventory growth continues.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
As of March 3, Calgary has reported 112 total March sales, an 11.8 percent decrease compared with 127 sales at this time last year. New listings are steady at 237, up 0.8 percent annually, while active listings total 4,895, about 16 percent higher year over year. The March median price sits at $579,750, down nearly 5 percent from last year’s $610,000, while the average price is $687,727, a 4.3 percent increase. Year to date, Calgary has seen 2,872 total sales, down 12.8 percent from 2025, while new listings are down 2.9 percent. Despite softer sales, prices remain stable, supported by healthy supply and steady demand.

MORTGAGE RATE ENVIRONMENT
Competitive rates for qualified Alberta borrowers currently range 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
5-Year Variable 3.35 to 4.45 percent

Lenders continue to compete for early spring market business through limited-time rate promotions and pre-approval programs. Borrowers are taking advantage of rate holds while exploring flexible term options.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Analysts continue to expect a hold, with potential easing later in 2026 as inflation continues to cool. This period of rate stability has supported buyer confidence and predictable financing conditions.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, while Western Canadian Select remains around 50 USD. Energy price stability continues to reinforce employment and wage growth in Calgary’s economy. The city’s population expansion—averaging roughly 180 new residents per day—continues to sustain long-term housing demand.

CALGARY ECONOMIC INDICATORS
Unemployment remains near 6.5 percent, with office vacancy around 29 percent and rental vacancy close to 4 percent. Developers remain focused on multi-family and mid-density projects aimed at maintaining affordability and meeting continued migration-driven demand. These indicators highlight Calgary’s steady and sustainable market environment.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods continues to rank among Calgary’s most desirable southwest communities, known for its estate-style homes, quality schools, and proximity to major routes. The average sale price remains near 1.1 million dollars, with consistent activity across both detached and luxury townhouse segments. The community remains a popular choice for families and professionals seeking quality living and long-term value.

MARKET SUMMARY
Calgary’s real estate market remains steady, supported by elevated inventory and stable prices. Sales have softened slightly year over year, but buyer activity remains consistent across most segments. The market continues to balance opportunity for buyers with firm value for sellers.

MY PERSPECTIVE
This is a balanced, strategy-driven market. Buyers are benefiting from choice and stable financing, while sellers who adapt to current conditions continue to achieve successful results. Calgary remains one of Canada’s most stable, opportunity-rich housing markets.

LET’S CONNECT
If you are considering buying, selling, or reviewing your strategy for 2026, I am always happy to help.

403-465-1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark