Calgary housing starts fall 20% in July as Alberta’s building pace cools
New CMHC data shows Calgary starts down 20% year-over-year and Alberta down 7% — a signal that the competition for a smaller pool of buyers is about to intensify.
New CMHC data shows Calgary starts down 20% year-over-year and Alberta down 7% — a signal that the competition for a smaller pool of buyers is about to intensify.
Construction is slowing across Alberta's cities, yet CMHC expects Prairie markets to lead national price growth on sustained demand — a two-sided setup for 2027 planning.
July's inflation bump makes near-term rate cuts less likely, so financing costs for buyers and projects should be planned as-is into 2027.
Resale demand is quietly firming across Canada, with Prairie markets among those moving back to balanced conditions — a steadier backdrop for fall launches.
Calgary's new-home pipeline is thinning while completions catch up — a planning signal for builders and developers mapping 2027 launches and absorption.
Calgary asking rents are down 4.5% year-over-year — tied with Vancouver for the steepest decline among major markets — and lease-up competition among rental operators is intensifying.
Melcor's Canadian land revenue jumped $10.3 million on stronger single-family lot sales — evidence that demand for Alberta residential lots is holding up even in a softer quarter.
National resale activity is stabilizing, but CREA says the Prairies' sellers' markets are cooling — Alberta builders and sellers will have to compete for buyers again.
Calgary's July starts dropped 20% year-over-year while Edmonton held nearly flat — a signal that project pipelines are diverging sharply between Alberta's two big metros.
Ottawa and Alberta will put roughly $1 billion into housing-enabling water and wastewater infrastructure, with the first project list due November 30 — developers and municipalities should be positioning their servicing-constrained lands now.