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Here’s a quick update on Calgary’s housing market this month. Homes are selling at a steady pace, with fewer properties changing hands than last year. The number of homes for sale remains limited.

Looking ahead to 2027, we may see a shifting landscape in Canadian housing. According to CMHC, conditions are set to gradually improve as incomes and economic growth gain momentum. While home sales should recover, activity is expected to remain below the highs we saw in the last decade. CREA’s forecast of only modest national price growth suggests a period of stabilization rather than dramatic price jumps. For buyers, increased inventory and softer demand in some markets could translate into better negotiating power. In my years guiding clients through Calgary’s evolving real estate market, I’ve seen how important it is to have clear information and strong negotiation on your side—especially in times of change. Whether you’re navigating your first purchase, investing, or moving within the city, understanding these trends can help you make confident decisions about your next move.

Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.

Stop scrolling! This is the one you have been waiting for! Absolutely stunning, bright, modern, open concept semi-detached home with 4 bedrooms and 3.5 bath, all for under $550k! Welcome to 59 Howse Rise NE located in the heart of Livingston. This sleek and functional home welcomes you even before you set into the house. With a well planned out layout you have tons of sunlight pouring through your west facing rear windows and door! As you enter through the front door you are greeted by 9" ceilings and a nice spacious living area perfect for hosting guests when they come over. To your right is a cute little corner where you can set up your own home library or even a home office if you need. Further down the hall there’s yet another nook in the middle of the wide staircase where you can set up yet another office area, or decorate with a large cabinet if required. Once you step into the kitchen you will find a large island which doubles as a breakfast bar as well. Complete with a gas range and dedicated pantry you can spend your evening catching up and cooking dinner at the same time. In the back you have your own little deck with a dedicated gas line to spend you summer nights on the grill, a decent sized, fenced yard and a large gate which opens up for parking your cars, boats or RV’s! Let’s take a tour upstairs first – oh wait did I forget to mention the bonus room? Surprise! Yes, that’s right – along with 3 bedrooms (two with walk-in closets, 2 full washrooms and a laundry room you still have a cozy bonus room in the middle of it all. This is perfect for spending time as a family to enjoy movies, set up study tables so you don’t have the clutter the rooms. Imagine being able to be steps away from the kids while they are asleep and enjoying your favorite TV shows. Having the laundry on this floor is not only convenient it is a blessing! Your master retreat is at the front of the house complete with its own 3-piece ensuite and walk in closet. You have to see the toilet to fully appreciate the high ceilings and large window! Downstairs you have yet another rec area waiting for your finishing touches, another bedroom and yet another 3-piece washroom. There is tons of storage under the stairs and in the corner of this floor. Also, there is potential to convert this into a suite "subject to approval and permitting by the city/municipality". Some points to be made here – even in the basement the ceiling is 8", the whole house comes equipped with in built sprinkler systems, central air ventilation and a high efficiency furnace. The bedroom and bathroom in the basement have been developed with City permits and up to Legal Suite Code with sound proofing. The roof and siding were changed in 2025. The community hub is walking distance complete with parks, tennis courts, water parks, etc. There are bus stops nearby and the new Livingston retail space is opening with plenty of stores in a few months! All in all, this is a great unit and is waiting for viewing today!

In Calgary, housing affordability improved during Q2 2026, placing the city among six tracked metros that posted quarterly gains in the latest monitor.
The broader monitor described this as part of a record 10-quarter improvement streak, showing affordability kept moving in a better direction through Q2 2026.
Even with Calgary improving, the monitor said affordability remained below historical norms across every metro it tracked, underscoring that progress has not fully reset conditions.
Across the tracked market set, the latest gains came as falling prices outweighed slightly higher mortgage rates, a shift from the earlier rate-driven recovery.
Looking ahead, the bank did not expect mortgage rates to deliver more affordability relief, leaving income growth and contained home-price gains as key supports.

Mortgage rate relief was no longer expected to support affordability, shifting attention to home prices and income growth as the main drivers ahead.
Over the next year, economists expected mortgage rates to stay steady or edge higher, making future affordability progress more reliant on price moderation.
Slower population growth was expected to limit housing demand and help contain prices, while an improving labour market was seen supporting household income.
Client conversations across Canada remain highly market-specific, with Vancouver and Toronto differing fundamentally from Calgary and Edmonton for buyers and sellers today.
An improving labour market was expected to support household incomes, though economists warned affordability gains would narrow without sustained moderation in home prices.

The Bank of Canada is currently holding at 2.25%, but several major-bank forecasts now anticipate gradual increases during 2027.
Stronger economic growth could give policymakers more room to normalize rates if inflation pressures remain persistent.
Higher rates would raise borrowing costs for households and businesses while potentially improving returns on savings and fixed-income investments.
Investors may need to prepare for a less accommodative environment, balancing improving growth against renewed interest-rate pressure.