It’s been a busy few months in Canada’s housing market, and we’re finally starting to see some good news for Alberta buyers. The Canadian Real Estate Association (CREA) just reported that home sales were up more than 5% in September compared to last year. That’s the most activity we’ve seen for the month since 2021.

This bump in sales comes right after the Bank of Canada’s September rate cut, which helped boost confidence among homebuyers. More people are starting to see that now might be the right time to get into the market—especially with prices still lower than they’ve been in past years.

What the Forecast Means for Buyers

CREA has updated its outlook for 2025, and the news is positive. They now expect fewer sales declines than originally forecasted, and stronger activity heading into 2026. While big markets like Ontario and B.C. could still see some price dips, most other provinces—including Alberta—are expected to experience steady growth.

In simple terms, that means our market is stabilizing. We’re moving past the uncertainty of the last few years, and buyers can feel more confident that prices won’t swing wildly up or down.

Affordability and Interest Rates

Affordability is still a challenge across the country, but things are slowly improving. Economists say if mortgage rates drop into the low three per cent range, we’ll likely see a real spark in homebuying activity. With inflation cooling and more rate cuts expected in the coming months, that day may not be too far off.

For Alberta buyers, this is encouraging news. Lower rates mean lower payments, and with our home prices still much more reasonable than in larger provinces, there’s a real opportunity to buy and build equity here.

Why Working With a Mortgage Broker Helps

As a mortgage broker, my role is to help you make sense of all these moving parts. When rates are shifting and new government programs are being introduced—like the 30-year amortization option for insured mortgages or the higher cap for homes up to $1.5 million—it’s important to know which ones apply to you.

Brokers have access to multiple lenders, which means we can compare rates and terms to find what’s best for your situation. We also help you get pre-approved and stay protected if rates change while you’re shopping for a home.

My Take

From where I sit, the Alberta market is in a great position. We’re seeing stable prices, improving affordability, and a growing number of buyers ready to make their move. If you’ve been waiting for the right time, this could be it.

If you’re thinking about buying your first home—or moving up to your next one—let’s talk. I can help you understand your options and make a plan that works for you and your family.