In 2025, housing demand is expected to remain above long-term trends, supported by past gains in population and employment, easing lending rates, and better supply options However, factors such as slowing migration from record highs, increased competition from new home construction, and heightened economic uncertainty are likely to limit further growth in resale activity Despite this, the forecasted sales of over 26,000 units reflect a strong housing market, with activity levels over 20 per cent higher than long-term trends Market shifts in 2025 While overall sales levels are expected to remain stable, the distribution of sales may change Easing rental rates, driven by higher completions and slower international migration, are anticipated to impact the condominium market Meanwhile, lower lending rates, improved supply, and continued, though slower, migration from other provinces are expected to support growth in detached home sales Record-high new construction levels are adding supply to the market, contributing to an increase in resale listings As more new homes are completed in 2025, the overall supply is projected to grow This shift should help the market move toward more balanced conditions, slowing price growth to an annual gain of three per cent .
Click here for the full CREB® 2025 Forecast Calgary and Region Yearly Outlook Report.
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