Central Alberta Market Stats 

MLS residential sales in central Alberta rose by 7.1% in July compared to June and increased by 6% from July 2024, showcasing the resilience of our housing market amid economic uncertainty from our neighbor to the south. Active listings on Aug. 1 also saw a 4.26% increase from July 1, yet most central Alberta markets remain firmly in seller’s territory.

According to ATB Economics, as of June 16, housing starts in Alberta reached a record high of 68,494 (seasonally adjusted annual rate), marking a 79% increase over the five-year average. The year-to-date figure is 28% higher than the same period last year. Most construction is concentrated in Calgary and Edmonton, while Red Deer has seen only a 2% increase in housing starts year-to-date in 2025, according to Alberta Government statistics.

Demand for housing in Alberta is fueled by population growth from international immigration and interprovincial migration, particularly from Ontario and B.C. This growth is supported by Alberta's economic advantages, including a strong energy sector, agriculture, technology and innovation, manufacturing, tourism, healthcare, construction, and finance services. Additionally, Alberta benefits from relatively affordable housing, no sales tax, and low income tax rates.

Looking ahead, if these conditions persist, we can expect prices to inflate slightly in markets with low supply and strong demand. However, this increase will likely be moderated compared to what we might see if interest rates had decreased. New housing completions should partly help balance the market and somewhat temper price escalation.