Housing Demand: Demand for housing in Calgary is expected to stay above long-term trends due to population and employment growth, easing lending rates, and better supply options. However, factors like slowing migration and increased competition from new homes may limit growth in resale activity.
Sales Projections: The forecast predicts over 26,000 unit sales, reflecting a strong housing market, with activity 20% higher than long-term trends.
Market Shifts: The distribution of sales may change in 2025. While overall sales are stable, the easing of rental rates and slower international migration will impact the condominium market, while lower lending rates and continued migration from other provinces will support growth in detached home sales.
Supply and Price Growth: High levels of new construction will increase housing supply, which will help balance the market and slow price growth to 3% annually.
Price Growth Variations: Price growth will vary by market segment. Lower-priced homes are expected to see stronger growth due to steady demand and limited supply, while higher-priced homes may experience slower price growth due to increased competition from new higher-priced units
(Source: CREB 2025 forecast Calgary & Region Yearly Outlook Report)
