• Economic Growth: Alberta’s economy is expected to grow in 2025, with energy prices, exchange rates, and increased production supporting growth. However, risks like potential U.S. tariffs may limit growth expectations.

• Energy Sector Strength: The energy sector remains robust, benefiting from the TMX pipeline’s opening and strong global energy markets. This growth, combined with easing lending rates, will support Alberta’s economy.

• Slower Population Growth: Population growth in Alberta, especially in Calgary, is projected to slow in 2025. However, international and interprovincial migration will still contribute to economic growth, although at a reduced pace.

• New Home Supply: There is a shift toward more new home construction, particularly apartments, which will help ease pressure on resale home prices. New home starts are expected to slow in 2025 but remain strong.

• Job Growth: Employment in Alberta is expected to grow by 2% in 2025, driven by sectors like construction, healthcare, and education. This will help stabilize the job market as migration levels ease.

• Market Balance and Price Growth: The Calgary housing market is expected to remain balanced, with price growth slowing to around 3% in 2025. Variations in price growth will be seen across property types and price ranges, with more affordable homes seeing stronger price growth.

(Source: CREB 2025 forecast Calgary & Region Yearly Outlook Report)