Calgary Affordability Improved

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.