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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.
- Read the Housing Market Notes (Q2 2024 to current)
Housing market key indicators
Sales remained strong in Alberta’s housing market during the third quarter with robust price growth. Construction activity continued 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.
| Key indicators | Q3 2024 | Quarter to quarter | Year to year |
|---|---|---|---|
| Population (15+ years old) | 3,975,700 | 50,900 | 181,200 |
| BoC policy rate | 4.25% | -0.5 p.p. | -0.75 p.p. |
| Resales | 20,856 | -2.66% | -1.32% |
| New listings | 30,565 | 11.73% | 7.74% |
| Average resale price | $497,634 | 2.15% | 9.80% |
| Housing starts1 | 47,927 | 2,854 | 5,328 |
| Units under construction2,3 | 38,107 | 1,324 | 3,248 |
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.
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Contact
Connect with us if you have any questions:
Austin Ference, Economist
Alberta Treasury Board and Finance
Email: [email protected]