Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 7, 2026 – 8:55 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 99 total residential sales on March 6, representing a strong daily increase compared with the previous day. New listings totaled 200, continuing the steady expansion of supply entering the market. Active listings have reached 5,125 homes, which is 14.3 percent higher than the same time last year, giving buyers significantly more options across a wide range of property types and price points.

SEVEN-DAY TRAILING TRENDS
For the week of February 28 to March 6, Calgary reported 365 total sales, down 17.8 percent year over year. New listings reached 862, representing a 12.7 percent decline compared with the same period last year. The median sale price averaged $576,000, slightly below last year’s $580,500, while the average price rose 2 percent to $652,119. Days on market averaged 39 days, compared with 31 days last year, indicating buyers are taking more time as inventory continues to grow.

MONTH-TO-DATE AND YEAR-TO-DATE CONTEXT
Through March 6, Calgary has recorded 329 total sales, down 4.6 percent compared with 345 sales at this point last year. New listings total 811, representing a 2.4 percent increase year over year. Active listings have climbed to 5,125 homes, up 14.3 percent annually, reinforcing the trend toward improved supply and a more balanced market environment.

The median March price currently sits at $575,000, down 0.9 percent from $580,000 last year, while the average price is $655,276, up 0.8 percent year over year.

Year‑to‑date, Calgary has recorded 3,089 total sales, a 12 percent decline from 2025 levels, while new listings total 6,366, down 2.4 percent annually. The average year‑to‑date price stands at $626,736, up 2.2 percent, while the median price is $565,000, slightly below last year’s level but still demonstrating overall price stability.

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 borrowers continue favoring shorter‑term fixed mortgages to maintain flexibility while watching how interest rates evolve later in 2026.

INTEREST RATE OUTLOOK
The Bank of Canada overnight rate remains at 2.25 percent, with the next policy announcement scheduled for March 18. Economists widely expect the bank to hold rates steady, with potential easing later in the year depending on inflation trends. Stable borrowing costs continue to support buyer confidence as the spring market approaches.

ECONOMIC AND ENERGY CONTEXT
WTI crude oil is trading near $62 USD per barrel, while Western Canadian Select remains around $50 USD. Stable energy prices continue to support Alberta’s economic conditions and employment levels. Calgary’s population growth—estimated at approximately 180 new residents per day—continues to provide strong long‑term demand for housing.

CALGARY ECONOMIC INDICATORS
Calgary’s unemployment rate remains around 6.5 percent, with office vacancy near 29 percent and rental vacancy around 4 percent. Development activity continues to focus on multi‑family housing and mid‑density projects, helping address affordability challenges while supporting the city’s ongoing population growth.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains one of Calgary’s premier southwest communities, known for its luxury homes, strong school access, and proximity to downtown and the mountains. The community’s average home price remains around $1.1 million, with consistent demand from families and professionals seeking high‑quality living environments and long‑term value.

MARKET SUMMARY
Calgary’s housing market continues moving toward a more balanced environment, as rising inventory gives buyers greater selection while prices remain relatively stable. Although sales volumes are slightly lower year over year, strong population growth and steady economic conditions continue to support long‑term market stability.

MY PERSPECTIVE
This remains a strategic market for both buyers and sellers. Buyers benefit from increased choice and stable mortgage rates, while sellers who price appropriately and present their homes well are still achieving successful results. Calgary continues to stand out as one of Canada’s most resilient and opportunity‑driven real estate markets.

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

403‑465‑1133
noahmiller@royallepage.ca

Noah Miller
Real Estate Professional – Royal LePage Benchmark