01/28/2026
The BoC held the rate today at 2.25%...
It’s been 5 years since covid. So, how has the market reacted? Here in Calgary, we’ve seen record low inventory, with record high sales, immigration, and interprovincial migration. All this coupled with a few elections and continued global economic uncertainty. With all that considered, Alberta and Calgary seem to be still winning! We’ve led the country in new home start-ups and continue to be an affordable place to buy a home despite the rising costs of living.
As touted in our latest economic and housing forecasts, Alberta will maintain stability over the next year in the real estate market, and provided we can continue to offer opportunities, a place where people will move. All this, during a time of uncertainty with our trading partners in the south which will certainly loom over us for as long as it can. Luckily, Alberta has only seen a small impact of tariffs related to our exports.
As we look back 5 years to 2020, I think it’s important to understand that real estate is a long game. The difference in sales from 2019 to 2020 was nominal. Sales peaked in 2022 with average sale prices continuing to rise since then. New builds have started to bridge the gap in inventory and will continue to do so as they are completed. Keeping in mind that much of these builds are in the rental and attached sectors. This will help with pricing in the apartment and row style housing which has already started to see adjustments in prices. Detached will remain relatively flat this year, and buyers will continue to have more options as things balance out.
I am extremely optimistic for Alberta and Calgary for the coming year and foreseeable future! If you want to talk real estate, I'm always up for a coffee and chat!
Roddrick Hofrichter
Real Estate Associate
☎️ (403) 404-3165
📧 [email protected]
🌐 http://roddrick-hofrichter.c21.ca/
