Real Estate Blog

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

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 39 total residential sales on March 7, a quieter day of activity compared with the previous two sessions. New listings totaled 60, while active listings increased to 5,139 homes, representing an 11.5 percent rise compared with the same period last year. Inventory growth continues to provide buyers with more options across the market as Calgary transitions deeper into the spring real estate season.

SEVEN-DAY TRAILING TRENDS
For the week of March 1 to March 7, Calgary recorded 368 total residential sales, representing a 17.1 percent decline compared with the same week in 2025. New listings totaled 871, down 16.7 percent year over year, although supply remains meaningfully higher than last year due to accumulated listings.

The median sale price for the week averaged $575,000, slightly below last year’s $580,000, while the average price reached $652,524, a 0.6 percent increase year over year. Days on market averaged 39 days, compared with 32 days during the same week last year, reflecting a more deliberate pace of decision‑making as inventory grows.

MONTH‑TO‑DATE AND YEAR‑TO‑DATE CONTEXT
Through March 7, Calgary has recorded 368 total sales, down 17.1 percent compared with 444 sales at the same point last year. New listings total 871, representing a 16.7 percent decrease year over year, though active inventory has expanded to 5,139 homes, up 11.5 percent annually.

The median March sale price sits at $575,000, down 0.9 percent from $580,000 last year, while the average price stands at $652,524, up 0.6 percent year over year, indicating continued overall price stability.

Year‑to‑date, Calgary has recorded 3,128 total residential sales, a 13.4 percent decline from 2025 levels. New listings total 6,426, down 5.2 percent annually. Despite softer sales activity, prices remain resilient with the average year‑to‑date price reaching $626,768, up 2.1 percent, while the median price stands at $565,000, down 1.2 percent year over year.

MORTGAGE RATE ENVIRONMENT
Competitive mortgage rate ranges currently available to qualified Alberta borrowers remain 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%

Borrowers continue favoring shorter‑term fixed mortgages, allowing flexibility while markets assess the direction of interest rates through 2026.

ECONOMIC AND ENERGY CONTEXT
Global energy markets have strengthened significantly in recent sessions, with WTI crude trading near the $90 per barrel range, reflecting heightened geopolitical tensions in the Middle East and ongoing supply concerns. Brent crude has similarly moved into the low‑$90 range, reinforcing stronger energy market sentiment. For Alberta, higher oil prices typically translate into stronger investment sentiment, improved provincial revenues, and increased employment confidence across the energy sector.

At the same time, Western Canadian Select crude continues to trade at a discount to WTI, generally ranging between $15 and $20 below benchmark pricing, though the spread has narrowed recently as pipeline capacity and export infrastructure improve. Stronger energy prices historically support Calgary’s economic momentum through increased capital spending, hiring, and migration.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada’s overnight rate remains at 2.25 percent, with the next policy decision scheduled for March 18. Financial markets continue to debate the timing of potential rate reductions later in 2026, depending on inflation progress and broader global economic conditions.

Canadian bond markets have remained relatively stable, with five‑year Government of Canada yields hovering in the mid‑3 percent range, which continues to anchor fixed mortgage pricing across the country. Inflation has gradually moderated compared with 2023‑2024 levels, allowing policymakers greater flexibility should economic growth soften later this year.

GLOBAL ECONOMIC AND GEOPOLITICAL BACKDROP
Global markets are currently balancing stronger commodity prices, geopolitical uncertainty, and slower global growth expectations. Energy market volatility tied to geopolitical tensions has become one of the key macro drivers for financial markets. At the same time, major economies such as the United States continue to demonstrate relatively resilient employment and consumer spending, supporting overall economic stability despite higher interest rates in recent years.

For Canada, stronger commodity pricing—particularly oil—can help offset broader global economic uncertainty by supporting export revenues, investment, and employment within the energy sector.

CALGARY ECONOMIC INDICATORS
Calgary continues to benefit from strong population growth, migration inflows, and relatively affordable housing compared with other major Canadian cities. The city’s unemployment rate remains near 6.5 percent, while rental vacancy remains near 4 percent, reflecting steady demand for housing.

Population growth—estimated at roughly 180 new residents per day—continues to be one of the most powerful drivers supporting Calgary’s housing market, contributing to sustained demand for both ownership and rental properties.

COMMUNITY PROFILE – ASPEN WOODS
Aspen Woods remains one of Calgary’s premier southwest communities, known for its luxury homes, proximity to top‑rated schools, and convenient access to downtown and the Rocky Mountains. The community’s average home price remains around $1.1 million, with strong long‑term demand from professionals and families seeking upscale living in a well‑established neighborhood.

MARKET SUMMARY
Calgary’s housing market continues evolving toward a more balanced environment as inventory expands and buyers gain greater selection. While sales volumes remain lower than last year, pricing has remained remarkably resilient, supported by strong population growth, economic stability, and continued migration into Alberta.

MY PERSPECTIVE
This is increasingly a strategy‑driven market. Buyers now have more negotiating power than they did during the peak of the recent seller’s market, while well‑prepared and properly priced homes continue to attract strong interest. Calgary remains one of Canada’s most fundamentally supported housing markets, benefiting from population growth, economic momentum, and relative affordability.

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