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Part of Economy and investment

Housing market notes

In-depth analysis of Alberta’s latest housing market data.

Overview

The Housing Market Notes contain analysis of the latest housing market data for Alberta, released quarterly, with data from the Canadian Real Estate Association, Canada Mortgage and Housing Corporation, and Statistics Canada.

Housing market key indicators

Alberta’s resale market is entering more balanced territory. Construction activity continues to be elevated with a high number of housing starts and units under construction.

Table 1. Key indicators, current, quarter to quarter and year to year

Sources: Statistics Canada, BoC, CMHC, CREA, Haver Analytics
1 Seasonally adjusted at an annualized rate.
2 Seasonally unadjusted, all others seasonally adjusted.
3 Calgary and Edmonton only.
Key indicatorsQ1 2025Quarter to quarterYear to year
Population (15+ years old)4,021,80030,400165,100
BoC policy rate2.75%-0.5 p.p.-2.25 p.p.
Resales19,643-7.0%-5.8%
New listings29,270-0.2%11.3%
Average resale price$508,2680.4%5.9%
Housing starts154,7672,0519,641
Units under construction2,338,8411,2292,650

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Contact

Connect with us if you have any questions:

Ceilidh Ballantyne, Economist
Alberta Treasury Board and Finance
Email: [email protected]

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