Calgary’s affordability took a positive turn in Q2 2026, putting our city among just six metros in Canada to see genuine improvement this quarter, according to the latest market monitor. This marks an impressive 10th straight quarter of progress—evidence that, even in a challenging climate, Calgary continues to stand out. Still, it’s important to keep perspective: affordability remains below historic averages in every metro tracked, Calgary included, reminding us that there’s still a way to go before we reach more balanced territory.
What’s driving these changes? For Calgary, falling home prices have been enough to offset slightly higher mortgage rates—a shift from last year’s rate-driven recovery. The monitor notes that we shouldn’t count on mortgage rates to give much more relief in the near future, so factors like steady incomes and a more stable pricing environment will be key for buyers and investors alike.
As someone who works with Calgary’s homeowners, buyers, and investors every day, I see firsthand how these trends play out in real time. Navigating affordability isn’t just about chasing numbers—it’s about making thoughtful, informed decisions. If you’re considering your next move in Calgary, I’m here to offer insights tailored to your unique plans.
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