HOUSING DATA
BILD Alberta is pleased to present our new Quarterly Housing Report. The report will compile housing information from various sources to provide a quarterly snapshot of regional and provincial housing stats and trends.
*Effective immediately, BILD Alberta has discontinued the distribution of monthly housing reports. To access raw monthly data please visit the CMHC Housing Market Information Portal.
2024 Quarterly Housing Reports
The first installment of our 2024 Quarterly Market Housing and Rental Report is NOW AVAILABLE. This report highlights housing activity across the province and recaps what we saw in Q1 2024, including housing starts, rental trends, housing types under construction, pricing, and inventory.
Key highlights include:
- Momentum continued in 2024 with housing starts up 57% in Alberta compared to Q1 2023. This growth is mostly attributed to Calgary and Edmonton which continue to see record-breaking starts.
- Edmonton finished Q1 2024 with a 55% increase in housing starts and the second-highest start to the year in their history.
- 33% of the starts were purpose-built rentals.
- Calgary is on pace to break last year’s record-breaking start with an increase of 57% in housing starts.
- 25% of the starts were purpose-built rentals.
- Red Deer, Lethbridge, Medicine Hat and Grande Prairie saw an uptick in housing and rental starts in Q1 2024 compared to Q1 2023.
- Inventory continues to remain below ten-year averages as we continue to see heightened demand for housing.
- Home prices continue to remain elevated above ten-year averages, the majority of regions saw an increase compared to last year.
Media Inquiries
Danielle Murray
Director of Communications, BILD Alberta Association
danielle.murray@BILDalberta.ca
(780) 862-9789
Historical Housing Reports
Additional resources: