Real Estate Blog

DAILY CALGARY REAL ESTATE SNAPSHOT
March 9, 2026 – 8:44 AM MST

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 23 residential sales on March 8, following 39 sales on March 7 and 99 on March 6, showing the typical day‑to‑day fluctuations seen in early spring market activity. New listings totaled 34, while active listings remain elevated at 5,139 homes, representing an 11.5 percent increase compared with the same time last year.

Rising inventory levels continue to give buyers more choice across the market as Calgary transitions deeper into the spring selling season.

SEVEN-DAY TRAILING TRENDS
For the week of March 2 to March 8, Calgary recorded 371 total residential sales, representing a 20.2 percent decline compared with the same week in 2025.

During the same period, 860 new listings entered the market, down 17.0 percent year over year, although overall inventory remains significantly higher due to accumulated supply from earlier in the season.

The median sale price averaged $575,000, slightly below last year’s $580,000, while the average price came in at $645,384, representing a 0.4 percent decrease year over year.

Homes are taking longer to sell, with average days on market rising to 38 days compared with 31 days during the same week last year.

MONTH-TO-DATE MARKET CONTEXT
Through March 8, Calgary has recorded 391 total residential sales, down 21.8 percent compared with 500 sales at the same point last year.

New listings total 905, representing an 19.0 percent decrease year over year, while active inventory has increased to 5,139 homes, reflecting continued expansion in supply.

The median sale price currently sits at $575,000, down 0.9 percent from last year, while the average March price is $648,111, representing a 0.4 percent increase year over year.

Overall, prices remain relatively stable despite softer sales volumes.

YEAR-TO-DATE PERFORMANCE
Year to date, Calgary has recorded 3,151 total residential sales, representing a 14.1 percent decline compared with 2025.

New listings total 6,460, down 5.6 percent year over year, while pricing continues to demonstrate resilience.

The average year‑to‑date sale price is $626,409, up 2.0 percent compared with last year, while the median price stands at $565,000, a 1.3 percent decrease year over year.

Days on market have increased to 46 days compared with 36 days last year, reflecting a more balanced and less frenzied market environment.

MORTGAGE RATE ENVIRONMENT
Competitive mortgage rates available to qualified Alberta borrowers currently fall roughly within the following ranges.

1 year fixed: 4.39 percent to 4.79 percent
3 year fixed: 3.59 percent to 4.49 percent
5 year fixed: 3.69 percent to 4.49 percent
10 year fixed: 5.50 percent to 5.80 percent
3 year variable: 3.35 percent to 3.95 percent
5 year variable: 3.35 percent to 4.45 percent

Many borrowers continue choosing shorter‑term fixed mortgages while monitoring the interest‑rate outlook for the remainder of 2026.

ECONOMIC AND ENERGY CONTEXT
Energy markets remain a major driver of Alberta’s economic outlook. West Texas Intermediate crude is trading near the 90 dollar per barrel range following recent volatility driven by geopolitical tensions and supply concerns in global oil markets. Brent crude has also strengthened into the low 90 dollar range, reinforcing positive sentiment across energy markets.

For Alberta, higher oil prices generally translate into stronger energy investment, improved provincial revenues, and stronger employment trends, all of which historically support housing demand in Calgary.

Western Canadian Select continues to trade at a discount to WTI, typically ranging 15 to 20 dollars below benchmark pricing, though the differential has narrowed compared with past years due to improved pipeline capacity and export infrastructure.

MONETARY POLICY AND FINANCIAL MARKETS
The Bank of Canada overnight policy rate currently sits at 2.25 percent, with the next interest‑rate announcement scheduled for March 18.

Financial markets continue debating the timing of potential rate reductions later in 2026 as inflation gradually moderates. Canadian five year government bond yields remain in the mid 3 percent range, which continues to influence fixed mortgage pricing across the country.

A stable rate environment combined with moderating inflation has helped support housing market confidence, particularly among buyers entering the market this spring.

CALGARY ECONOMIC INDICATORS
Calgary’s local economy continues benefiting from strong population growth, migration from other Canadian provinces, and relatively affordable housing compared with markets such as Toronto and Vancouver.

Current indicators suggest the unemployment rate is approximately 6.5 percent, rental vacancy is near 4 percent, and population growth continues at roughly 180 new residents per day.

This steady influx of new residents continues to support long‑term housing demand across both ownership and rental markets.

COMMUNITY PROFILE – BRENTWOOD
Brentwood remains one of Calgary’s most sought‑after northwest communities, known for its established neighborhoods, proximity to the University of Calgary, strong transit access, and long‑term investment potential.

With a mix of mid‑century homes, renovated properties, and redevelopment opportunities, Brentwood continues attracting both families and investors seeking long‑term value in a well‑located inner‑city community.

MARKET SUMMARY
Calgary’s housing market is gradually shifting toward a more balanced environment as inventory levels rise and buyers gain more options.

While sales volumes are lower than last year’s extremely active market, home prices have remained relatively stable, supported by strong migration, economic resilience, and continued affordability compared with other major Canadian cities.

MY PERSPECTIVE
The current market increasingly requires strategy and preparation. Buyers now have more time and selection than they did during the peak of the seller’s market, while sellers who price their homes appropriately and present them well are still achieving strong results.

Calgary continues to stand out as one of Canada’s most resilient housing markets, supported by population growth, economic momentum, and the strength of Alberta’s energy sector.

LET’S CONNECT
If you are thinking about 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 Realty