New forecast points to strong construction year even amid trade strife
This year may not see Calgary’s real estate market at its peak, a new report forecasts, but 2025 is likely to finish historically strong by many measures — even amid a threat of a trade war.
“It’s the same story across the Prairies markets,” says Michael Mak, housing economist with Canada Mortgage and Housing Corp. “We expect a continued, strong resale market in 2025.”
CMHC’s recently released 2025 Housing Market Outlook shows Calgary will see slowing population growth from record highs in previous years, resulting from the federal government slashing international migration quotas. Yet the city will still see strong inter-provincial migration, largely from more pricier real estate markets like Toronto and Vancouver, it adds.
