Central Alberta Market Stats 

Central Alberta MLS residential sales in August were down 14% from July, but only 3.75% lower than August 2024. August tends to be a slower month as summer vacations wind down and back-to-school activity takes precedence over home purchases. Active listings on September 1 were up 11% versus September 2024, suggesting the market is moving closer to balance, giving buyers more choices while still providing solid exposure for sellers.

Summer activity saw fewer multiple-offer scenarios and fewer sales above listing price, which aligns with a shift toward a more balanced market. September activity will help indicate whether this is a temporary summer lull or a developing trend toward balance.

Canada’s economy shows mixed signals: headwinds include tariffs, weaker energy prices, and higher unemployment, while positives include growing oil exports beyond the U.S. via alternative routes, the Calgary Major Projects Office initiative, and optimism around potential large-scale projects. Alberta remains a leading economic light in Canada and should continue to attract in-migration from Ontario, helping keep the housing market vibrant.