Hello Real Estate District,
February sales slightly outperformed the 10-year average (+3%).
Luxury & higher-priced home sales ($600K+) are well above historical averages.
But homes under $600K? Still well below normal sales numbers.
New listings are FINALLY picking up.
Inventory is still tight at 76% of normal levels.
Months of supply at 2.6 means we’re in a competitive, balanced market.
Luxury & Move-Up Buyers Should Act Fast – Homes $600K+ are outperforming expectations. If you're looking to move up the property ladder, do so before the price gap increases even more!
Entry-Level & First-Time Buyers Are Getting Stuck – The under $600K market isn’t keeping up with demand. If you’ve got investors or developers looking for opportunity, affordable housing is going to be in demand.
Sellers Have a Window RIGHT NOW – We’re in a balanced market, but it’s still competitive. If history repeats itself, March will be strong, then we’ll see another slowdown before the full Spring market ramps up.
Tariff Uncertainty = More Migration? – If Eastern Canada takes the bigger economic hit from tariffs, we could see even more people moving to Alberta—which means demand for rentals and resale homes will rise.
Showings are climbing. Sales are outpacing the 10-year average.
Luxury & move-up buyers are driving the market.
Inventory is still tight, but new listings are FINALLY catching up.For people looking to move up the Real Estate ladder, the higher end homes are selling for a higher sale to list price ratio than the lower price ranges. This means that the higher priced homes will be increasing in value at a faster pace than the lower priced homes. This will make it more difficult to move up the ladder. And remember: A well-priced listing is like a last-minute Spring Break deal—if you don’t grab it now, it’s gone before you know it! 
So let’s keep this momentum rolling!
Happy Selling!
(Click here if you want to watch the video instead of reading)Alright, team—let’s talk about what’s really happening out there. We’ve got tariff threats looming (again)....and another month of waiting...again, migration trends shifting, and a market that just won’t quit. Some folks are in “wait and see” mode, but the way I see it? Alberta’s real estate market is built differently. Uncertainty is the hardest part—some people are hitting pause to wait and see. But here’s the thing: tariffs or not, Alberta’s real estate market isn’t going anywhere.
Here’s why:
Yes, rural Alberta will feel the impact—agriculture and forestry will take a hit, and inflation will creep up.
BUT our low Canadian dollar actually boosts profit margins for exports, and oil and gas.
The energy sector has been bracing for this since last year, and with record production, they won’t miss a beat.
If Eastern Canada gets hit harder with auto and steel tariffs, guess what? More people will move here. And when people move here? They need homes. They need rentals. Demand rises. So while affordability will be a bigger conversation, real estate stays strong. And who knows? Maybe we finally get pipelines heading East and powerlines heading West so we can actually function as an independent country. But enough about that—let’s get into what’s happening right now in the market. Showings & Sales: The Market is Heating Up Alberta showings have doubled week over week pushing us up to 16% over showings at the beginning of the year!
Calgary showings up 7% week over week.
Average showings per listing: 3.0
Why this matters:
We’re entering the “pre-Spring rush”—historically, this next stretch sees a jump in activity before slowing again in late March.
Buyers are moving NOW, knowing Spring competition is coming.
Yes, rural Alberta will feel the impact—agriculture and forestry will take a hit, and inflation will creep up. BUT our low Canadian dollar actually boosts profit margins for exports, and oil and gas. The energy sector has been bracing for this since last year, and with record production, they won’t miss a beat. If Eastern Canada gets hit harder with auto and steel tariffs, guess what? More people will move here. And when people move here? They need homes. They need rentals. Demand rises. So while affordability will be a bigger conversation, real estate stays strong. And who knows? Maybe we finally get pipelines heading East and powerlines heading West so we can actually function as an independent country. But enough about that—let’s get into what’s happening right now in the market. Showings & Sales: The Market is Heating Up Alberta showings have doubled week over week pushing us up to 16% over showings at the beginning of the year! Calgary showings up 7% week over week. Average showings per listing: 3.0 Why this matters: We’re entering the “pre-Spring rush”—historically, this next stretch sees a jump in activity before slowing again in late March. Buyers are moving NOW, knowing Spring competition is coming. Sales & Inventory: The Gears are Turning
February sales slightly outperformed the 10-year average (+3%). Luxury & higher-priced home sales ($600K+) are well above historical averages. But homes under $600K? Still well below normal sales numbers. New listings are FINALLY picking up.- 907 new listings in March so far—we’re now pacing to match the 10-year average for March.
Inventory is still tight at 76% of normal levels. Months of supply at 2.6 means we’re in a competitive, balanced market.
Where’s the Opportunity?
Luxury & Move-Up Buyers Should Act Fast – Homes $600K+ are outperforming expectations. If you're looking to move up the property ladder, do so before the price gap increases even more! Entry-Level & First-Time Buyers Are Getting Stuck – The under $600K market isn’t keeping up with demand. If you’ve got investors or developers looking for opportunity, affordable housing is going to be in demand. Sellers Have a Window RIGHT NOW – We’re in a balanced market, but it’s still competitive. If history repeats itself, March will be strong, then we’ll see another slowdown before the full Spring market ramps up. Tariff Uncertainty = More Migration? – If Eastern Canada takes the bigger economic hit from tariffs, we could see even more people moving to Alberta—which means demand for rentals and resale homes will rise.
Final Takeaway: The Market is Warming Up—Time to Move!
Showings are climbing. Sales are outpacing the 10-year average. Luxury & move-up buyers are driving the market. Inventory is still tight, but new listings are FINALLY catching up.For people looking to move up the Real Estate ladder, the higher end homes are selling for a higher sale to list price ratio than the lower price ranges. This means that the higher priced homes will be increasing in value at a faster pace than the lower priced homes. This will make it more difficult to move up the ladder. And remember: A well-priced listing is like a last-minute Spring Break deal—if you don’t grab it now, it’s gone before you know it! So let’s keep this momentum rolling! Happy Selling! Steve Phillips