Calgary Real Estate Market Update, September 21, 2026
Calgary’s housing market is still cooling from last year’s pace, with sales and new listings both softer in August 2026, while inventory is giving buyers a little more breathing room. At the same time, the Bank of Canada held its policy rate at 2.25% in September 2026, so borrowing costs have stayed fairly steady for now.
Calgary sales totaled 1,660 units in August 2026, down 16% year over year, while new listings fell nearly 10% to 3,141 units. Inventory sat at 6,509 units in August 2026, which is about 2.3% lower than a year ago, but still enough to keep conditions more balanced than the ultra-tight years. The Calgary benchmark price was $569,800 in August 2026, down 1.1% from August 2025.
The Bank of Canada held its overnight rate at 2.25% on September 2, 2026, marking a seventh straight hold. Rate watchers are still seeing variable pricing tied to prime, while fixed rates remain influenced by bond yields and have stayed relatively sticky in September 2026.
What This Means for Buyers and Families
For buyers, this is a better setup than a few years ago. Less frenzy, more choice, and a bit more time to think, which is nice for making a home decision without the usual “blink and it’s gone” pressure.
For sellers, pricing strategy matters more now. Homes that show well and are priced right are still moving, but the market is not rewarding wishful thinking, kahit gaano pa kaganda ang kitchen.
For investors, the numbers suggest a more selective market. Cash flow, location, and long-term fundamentals matter even more when price growth is modest and borrowing costs are not dropping fast.
For Buyers or Investors: Book your Consultation
Or call/text 587-510-2008 or email ariell@sellwithariell.com
Sources: CMHC, CREB / CREA, Bank of Canada, RBC Economics, City of Calgary. CREB, August 2026 Calgary Market Facts, published September 1, 2026. Bank of Canada, September 2, 2026 rate announcement.
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