Central Alberta Market Stats 

Residential MLS sales in central Alberta in December were down almost 27% compared to November. The number of active listings on January 1, 2025 was down 22.4% compared to a month earlier and down 16% compared to January 1, 2023. These numbers represent consistent trends we’ve seen in central Alberta since Covid ended in 2020 with demand up and supply down. Low inventory levels, especially in the low to mid price ranges is making it easy for sellers and challenging for buyers. Total residential MLS sales in central Alberta in 2024 were down 9.2% compared to 2023, almost certainly as a result of the lack of homes available.

There is lots of good economic news in the forecast for Alberta – increasing oil and natural production, new energy and data center developments planned and under construction, a burgeoning tech industry attracting talent and investment, historically high housing starts and tourism back to pre-pandemic levels with more expected. Strong economic growth will drive more population growth creating more housing demand while the construction industry struggles to catch up. The housing market in central Alberta in 2025 will be much like 2024 with strong demand, low inventories and higher prices with the impact softened a little by lower interest rates.