HOUSING DATA

BILD Alberta is pleased to introduce the next instalment of our market housing and rental report. This report highlights housing activity across the province and recaps what we saw in Q2 2025, including housing starts, rental trends, housing types under construction, pricing, and inventory.

KEY HIGHLIGHTS

• Momentum continued in 2025 with year to date (YTD) housing starts up by 30% (6,392 units) in Alberta compared to Q2 2024.
• For 2025, Alberta continues to lead the country in housing starts and is significantly outpacing British Columbia (25% higher) while marginally outpacing Ontario (1.9% higher).
• Housing starts are up 32% (3,534 units) in Calgary and 29% (2,420 units) in Edmonton compared to Q2 2024.
• Lethbridge and Grande Prairie saw an uptick in housing starts compared to Q2 2024.
• Medicine Hat remains near the 10 year average, Wood Buffalo continues to remain below their ten-year average and Red Deer saw a modest increase compared to last year.
• Rental starts continue to contribute to the strong housing start numbers making up 40% of all housing start in Alberta. 21,735 rental units are currently under construction across the province.
• Housing inventory continues to remain below ten-year averages although inventory is beginning to increase in Calgary.
• Home prices continue to remain elevated above ten-year averages and the majority of regions saw an increase compared to last year.