Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 5, 2026 – 8:57 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 58 total residential sales on March 4, reflecting a moderate increase in activity compared with the previous day. New listings reached 133, continuing the steady flow of inventory entering the market as spring approaches. Active listings now sit at 4,932 homes, representing a 16.2 percent increase compared with the same time last year, providing buyers with noticeably more selection across most price segments.

SEVEN-DAY TRAILING TRENDS
For the week of February 26 to March 4, Calgary reported 363 total sales, down 21.6 percent year over year. New listings totaled 769, a 14.6 percent decrease compared with the same period last year. The median price averaged $572,500, essentially flat compared with last year’s $574,000. The average price reached $622,669, up just under 1 percent annually, while days on market averaged 40 days, slightly higher than last year’s 33 days, indicating buyers are taking more time to evaluate the expanding inventory.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
Through March 4, Calgary has recorded 170 total sales, down 13.7 percent compared with 197 sales at this point last year. New listings total 370, representing a 6 percent increase year over year, while active listings have climbed to 4,932, up 16.2 percent annually. The median March price sits at $572,500, down 3.8 percent from last year’s $595,000, while the average price stands at $661,039, up 3.7 percent year over year.

Year‑to‑date, Calgary has seen 2,930 total sales, a 12.9 percent decline from 2025 levels. New listings total 5,925, down 2.5 percent annually. The average year‑to‑date price is $625,522, up 2.4 percent, while the median price sits at $562,250, down slightly by 1.5 percent, reflecting stable pricing conditions overall.

MORTGAGE RATE ENVIRONMENT
Current competitive mortgage rate ranges available to qualified Alberta borrowers are approximately:

• 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%

Many buyers continue choosing shorter fixed‑term mortgages to maintain flexibility as interest‑rate expectations evolve through 2026.

INTEREST RATE OUTLOOK
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Most economists expect the central bank to hold rates steady in the near term, with potential easing later in the year depending on inflation trends. Stable borrowing costs continue to support buyer confidence heading into the spring market.

ECONOMIC AND ENERGY CONTEXT
WTI crude is trading near 62 USD per barrel, while Western Canadian Select remains around 50 USD. These stable energy prices continue to support Alberta’s employment levels and income growth. Calgary’s population expansion—estimated at roughly 180 new residents per day—continues to drive steady long‑term housing demand.

CALGARY ECONOMIC INDICATORS
Calgary’s unemployment rate remains around 6.5 percent, with office vacancy near 29 percent and rental vacancy close to 4 percent. Development activity continues to focus on multi‑family and mid‑density housing, helping address affordability and accommodate ongoing population growth. These indicators point to a stable and balanced economic environment for the housing market.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains one of Calgary’s premier southwest communities, known for its estate homes, luxury townhouses, and strong school access. The community’s average home price remains near $1.1 million, with steady buyer interest from professionals and families seeking high‑quality living close to downtown and major transportation routes.

MARKET SUMMARY
Calgary’s housing market continues to transition into a balanced environment as inventory grows and buyer choice improves. While sales volumes remain slightly lower year over year, pricing has remained remarkably stable, supported by strong population growth and consistent demand.

MY PERSPECTIVE
This remains a strategy‑driven market. Buyers benefit from greater selection and stable financing conditions, while sellers who price realistically and prepare their homes well are still achieving successful results. Calgary continues to stand out as one of Canada’s most resilient and opportunity‑rich housing markets.

LET’S CONNECT
If you’re considering buying, selling, or reviewing your real estate strategy for 2026, I would be happy to help.

403‑465‑1133
 noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark