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Part of Economy and investment

Housing market notes

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

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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.

Housing market key indicators

Sales remained strong in Alberta’s housing market during the fourth 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

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 indicatorsQ4 2024Quarter to quarterYear to year
Population (15+ years old)3,991,40035,200180,000
BoC policy rate3.25%-1 p.p.-1.75 p.p.
Resales21,3292.3%7.7%
New listings29,235-3.1%1.4%
Average resale price$506,0261.7%10%
Housing starts152,8574,74210,509
Units under construction2,337,612-495943

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Contact

Connect with us if you have any questions:

Ceilidh Ballantyne, Economist
Alberta Treasury Board and Finance
Email: ceilidh.ballantyne@gov.ab.ca

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