Calgary Housing Market Remains Resilient: 2025 CREB Forecast
The Calgary Real Estate Board (CREB) has unveiled its 2025 housing market forecast, and the outlook is nothing short of exciting! Despite global uncertainties and a slight slowdown in migration, Calgary’s housing market is poised to remain a strong and vibrant hub for real estate activity. Let’s dive into the highlights and explore what makes 2025 a promising year for buyers, sellers, and investors alike.
1. A Strong Market with Balanced Conditions
Over 26,000 sales forecasted: Calgary is set to experience another year of robust housing activity, reflecting ongoing confidence in the market.
Balanced market dynamics: For the first time in years, Calgary’s housing market is transitioning into a more balanced state, offering stability for buyers and sellers alike.
Moderate price growth: Prices are expected to rise by a manageable 3% annually, ensuring sustainable growth without pricing out potential buyers.
2. A Surge in New Construction and Expanding Rental Options
Record-breaking new home builds: In 2024, Calgary saw an unprecedented surge in new home construction, with rentals making up over 20% of new builds—double the usual rate.
9,000 rental units added: Purpose-built rentals have reshaped Calgary’s housing landscape, providing much-needed options for renters.
7,000 units under construction: The construction boom continues, ensuring a steady flow of housing supply into 2025.
Rental vacancy rate at 4.8%: While vacancies have slightly increased, it’s a positive sign for renters seeking choice and affordability in newer buildings.
3. Population Growth Driving Demand
Projected population growth of 3.1%: While lower than the 5.6% seen in 2024, Calgary’s growth remains exceptional, driven by strong interprovincial migration.
Migration trends stabilizing: Federal immigration adjustments are moderating international migration, but Alberta continues to attract newcomers thanks to its strong economy and opportunities.
Diverse demographic appeal: Calgary’s thriving job market, vibrant culture, and family-friendly communities make it a top choice for people of all ages.
4. Economic Considerations and Opportunities
Tariff uncertainty: CREB highlights potential risks from global tariffs, which could affect employment and consumer confidence. However, Calgary’s resilience and adaptability remain key.
Energy sector stability: If the energy sector receives tariff exemptions, it could bolster Alberta’s economy, driving job growth and housing activity.
Balanced supply and demand: While more housing supply is entering the market, it aligns with Calgary’s steady demand, ensuring a stable outlook.
5. Opportunities for Buyers and Sellers in 2025
For Buyers:
More choices than ever: With increasing inventory, you have access to a wide range of homes to suit every lifestyle and budget.
Balanced conditions: Less competition means more room for negotiation and careful decision-making.
Affordability and accessibility: Moderate price growth ensures Calgary’s market remains accessible for first-time buyers.
For Sellers:
High demand persists: Calgary’s growing population and strong economy continue to fuel demand for quality homes.
Strategic marketing is key: Staging your home and leveraging professional marketing strategies can make all the difference in a competitive market.
Steady price appreciation: Selling in 2025 allows you to capitalize on sustained price growth without the volatility of previous years.
6. What CREB’s Chief Economist Says
Ann-Marie Lurie, CREB’s chief economist, shares her insights:
“While the market is expected to be more balanced than in recent years, significant economic risks — such as potential tariffs — could impact activity. However, Calgary’s fundamentals remain strong.”
Lurie also noted the importance of ongoing housing supply growth, which will keep Calgary’s market accessible and dynamic.
Why 2025 is the Year to Act
Buyers: Don’t miss the chance to explore Calgary’s diverse housing options with less competition and more negotiating power.
Sellers: Take advantage of a stable market and strong demand to achieve your real estate goals.
Investors: With rental growth and balanced conditions, Calgary offers promising opportunities for long-term returns.
Let’s Achieve Your Real Estate Goals Together
Calgary’s 2025 real estate market is full of potential, and I’m here to help you make the most of it. Whether you’re buying, selling, or investing, my expertise and local knowledge will guide you every step of the way.
Feel free to reach out with any questions or to start planning your next real estate move. Let’s make 2025 your best year yet in Calgary’s housing market.