After several years of strong population growth fueled by interprovincial migration, Calgary’s housing market is beginning to cool. A new outlook from the Conference Board of Canada shows a sharp decline in Canadians moving to Alberta—especially into Calgary—and the effects are already showing in local real estate.
In 2023 and 2024, Calgary welcomed more than 18,000 new residents annually from other provinces. However, that number dropped significantly in 2025 and is projected to fall further by 2030. As migration slows, housing demand is easing.
What This Means for Calgary Real Estate
Fewer buyers are active in the market.
Inventory levels are increasing.
Homes are taking longer to sell.
Multiple-offer situations are becoming rare.
Sales volume dropped over 14% late last year.
After years of strong seller’s market conditions, Calgary is now shifting toward a more balanced—or even buyer-friendly—market.
Why the Slowdown?
Several factors are contributing:
Reduced federal immigration targets
Economic uncertainty and U.S. tariffs
Rising cost of living
Housing affordability pressures
Strain on healthcare and school infrastructure
While Calgary is seeing a sharper cooling trend, Edmonton’s market remains more stable but could also soften depending on economic conditions.
What to Expect in 2026
Looking ahead, Calgary’s housing market will likely be influenced by:
Oil price trends
Economic stability
Migration levels
Interest rate movements
For buyers, this shift may create more negotiating power and improved inventory options. For sellers, pricing strategy and market positioning will become more important than ever.
Full article is here https://calgary.citynews.ca/2026/01/06/alberta-migration-slowdown-calgary-housing/
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