Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 6, 2026 – 8:56 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 60 total residential sales on March 5, showing a slight increase from the previous day’s activity. New listings rose sharply to 241, marking one of the larger single‑day additions of supply so far this month. Active inventory has climbed to 5,056 homes, representing a 17.5 percent increase compared with the same time last year, continuing the clear trend of rising supply and improving buyer choice across the market.

SEVEN-DAY TRAILING TRENDS
For the week of February 27 to March 5, Calgary reported 351 total sales, down 25 percent year over year. New listings totaled 811, reflecting a 14.7 percent decrease compared with the same week in 2025. The median sale price averaged $571,000, nearly unchanged from last year’s $572,750. The average price increased 4.6 percent to $647,118, while days on market averaged 36, up from 32 days last year, suggesting buyers are taking slightly more time to evaluate the growing selection of properties.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
Through March 5, Calgary has recorded 230 total sales, down 16.4 percent compared with 275 sales at the same point last year. New listings have increased to 611, representing a 17.5 percent year‑over‑year increase. Active listings now total 5,056 homes, also 17.5 percent higher than last year, reinforcing the shift toward a more balanced market environment.

The median March price sits at $567,000, down 4.7 percent from $595,000 last year, while the average price stands at $662,565, up 1.9 percent year over year.

Year‑to‑date, Calgary has recorded 2,990 total sales, down 13.1 percent from 2025, while new listings total 6,166, a modest 1.3 percent decline. The average year‑to‑date price is $626,352, up 2.3 percent, while the median price sits at $560,000, down 2.1 percent, indicating relatively stable overall pricing conditions despite softer sales volumes.

MORTGAGE RATE ENVIRONMENT
Competitive mortgage rate ranges currently 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 borrowers continue selecting shorter‑term fixed mortgages to maintain flexibility while monitoring interest‑rate expectations through 2026.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Most economists anticipate the central bank will hold rates steady, with the possibility of rate reductions 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 oil is trading near $62 USD per barrel, while Western Canadian Select remains around $50 USD. These stable energy prices continue to support Alberta’s economic conditions, employment levels, and household income growth. Calgary’s population growth—estimated at roughly 180 new residents per day—continues to provide a strong foundation for long‑term housing demand.

CALGARY ECONOMIC INDICATORS
Calgary’s unemployment rate remains near 6.5 percent, while office vacancy sits around 29 percent and rental vacancy remains close to 4 percent. Development activity continues to focus on multi‑family housing and mid‑density communities, helping improve affordability and accommodate continued migration into the city.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains one of Calgary’s most sought‑after southwest communities, known for its estate homes, quality schools, and convenient access to downtown and the mountains. The average home price remains around $1.1 million, with steady demand from professionals and families seeking long‑term lifestyle value.

MARKET SUMMARY
Calgary’s housing market continues transitioning toward a more balanced environment as inventory expands and buyer options increase. While sales volumes remain somewhat lower year over year, pricing stability and strong population growth continue to support overall market resilience.

MY PERSPECTIVE
This market is becoming increasingly strategy‑driven. Buyers benefit from greater selection and stable financing conditions, while sellers who price competitively and present their homes well continue to see solid results. Calgary remains one of Canada’s most stable and opportunity‑rich real estate markets.

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

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark