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Fall Housing Trends: What Alberta Buyers Need to Know

November 3, 2025

Discover why Alberta is a buyer's market this fall 2025. Lower rates boost home affordability. Find out how to make your move with expert guidance.
November 2025 time to buy a home in Edmonton or Calgary Alberta

By Josh Tagg, mortgage broker · Mortgages for Less with INDI Mortgage · Calgary, serving all of Alberta ·

The Canadian housing market is showing signs of slowing this fall. According to the latest report from the Canadian Real Estate Association (CREA), home sales across the country dropped slightly in September, ending a few months of small gains. Although September had the strongest sales since 2021, activity is still below the long-term trend.

New listings and average home prices also fell compared to August. In Alberta, home prices are holding relatively steady, but buyers have more options than they did earlier in the year.

Quick answer: In September 2025, Canadian home sales fell 1.7% from August but were up 5.2% year over year, and the national average price slipped 0.6% to $682,800. Alberta’s market was more balanced than most provinces, with inventory rising and prices holding relatively steady. Average Alberta rent fell 5.5% to $1,734, and lower mortgage rates were slowly improving affordability for buyers.
-1.7%
National sales, Sept vs August
+5.2%
National sales, year over year
$682,800
National average price
$1,734
Average Alberta rent
CREA chart of Canada’s residential market balance from January 2020 to fall 2025: months of inventory as bars and sales-to-new-listings ratio as a red line
The sales-to-new-listings ratio sat near 50% through 2025, well below the 80%-plus seller’s market of 2021.

How did the Bank of Canada’s rate cut affect the housing market?

This fall, the Bank of Canada cut its policy rate by 0.50%. Lower rates usually encourage more people to buy homes, which may increase activity through the rest of 2025 and into spring 2026.

Nationally:

  • Home sales were down 1.7% from last month but up 5.2% year-over-year.
  • New listings dropped 0.8% from last month.
  • The average national home price decreased 0.6% from August to $682,800.

Experts say uncertainty about inflation and the economy may keep buyers cautious, which could put downward pressure on prices.

What’s happening in Alberta’s housing market?

Alberta’s housing market is more balanced than some other provinces. Sales have dipped slightly, while inventory has risen, giving buyers more choice. Calgary and Edmonton are seeing steady activity, and additional new construction should help keep prices from rising too fast.

Affordability is improving slowly. Mortgage rates have eased, and home prices are down slightly from their peak, making it a good time to consider buying or renewing your mortgage.

What do the forecasts say for 2025 and 2026?

Housing experts expect national home prices to drop slightly this year but rebound next year:

  • CREA predicts a national average home price of $676,705 for 2025, rising to $698,622 in 2026.
  • The number of home sales is expected to increase next year as well, especially in the Prairies, including Alberta.

Several factors could affect the pace of home sales and prices:

  • Trade uncertainties and economic slowdowns may reduce demand.
  • More homeowners coming up for mortgage renewal could list their homes, increasing supply.
  • Population growth and limited new construction still put pressure on supply.

How do rent and housing costs compare in Alberta?

Downtown Calgary from the Peace Bridge over the Bow River
Falling rents in Alberta narrow the gap between renting and owning, so buyers should compare a mortgage payment against current rent, not last year’s.

Alberta remains one of the most affordable provinces for housing. The average rent in Alberta fell 5.5% year-over-year to $1,734 in September 2025. This makes owning a home more attractive, especially with current mortgage rates lower than a year ago.

Why work with a mortgage broker this fall?

With so much happening in the housing market, it’s easy to feel overwhelmed. This is where a mortgage broker like me can help. I can:

  • Explain how much home you can afford based on your income and debts
  • Find the best mortgage rates and terms for your situation
  • Help you navigate government incentives for first-time buyers
  • Guide you through the mortgage approval process so you don’t miss out on opportunities

Buying a home is a big financial decision, and having a trusted expert on your side can make all the difference.

Fall is a time when the housing market tends to slow, but with lower mortgage rates, balanced inventory, and improving affordability, Alberta buyers have an opportunity to make smart moves. Whether you’re a first-time buyer or looking to upgrade, now is a good time to plan your next steps and work with a professional like myself who knows the market inside and out. Let’s talk!

How an Alberta mortgage broker helps buyers in a balanced market

More listings and lower rates help only if your financing is ready to move:

  • Work out how much home you can afford from your real income and debts.
  • Set up a pre-approval with a rate hold before you start viewing homes.
  • Compare rates and terms across banks, monolines and alternative lenders.
  • Use first-time buyer programs like the FHSA and the RRSP Home Buyers’ Plan.
  • Plan a move-up purchase in Calgary, Edmonton or anywhere in Alberta.
  • Find a lender when your own bank has said no.

Thinking about buying in Alberta?

Get pre-approved and see what today’s rates mean for your budget.

Apply Online → Book a Discovery Call → Serving Calgary, Edmonton & all of Alberta · Mortgages for Less with INDI Mortgage

Questions about fall 2025 housing trends in Alberta

Did Canadian home sales fall in September 2025?
Yes, slightly. CREA reported home sales down 1.7% from August but up 5.2% year over year. New listings dropped 0.8%, and the national average price fell 0.6% to $682,800.
Is Alberta a buyer’s market in fall 2025?
Alberta’s market is more balanced than some other provinces. Sales have dipped slightly while inventory has risen, so buyers have more choice than they did earlier in the year, and prices are holding relatively steady.
How much did the Bank of Canada cut rates in fall 2025?
The Bank of Canada cut its policy rate by 0.50% that fall. Lower rates usually encourage more people to buy homes, which may increase activity into spring 2026.
What does CREA forecast for home prices in 2025 and 2026?
CREA predicts a national average home price of $676,705 for 2025, rising to $698,622 in 2026. Home sales are also expected to increase in 2026, especially in the Prairies, including Alberta.
What is the average rent in Alberta?
The average rent in Alberta fell 5.5% year over year to $1,734 in September 2025. Alberta remains one of the most affordable provinces for housing.
What could slow home sales or prices?
Trade uncertainties and economic slowdowns may reduce demand, and more homeowners coming up for renewal could list their homes and add supply. Population growth and limited new construction still put pressure on supply.

This article was written in November 2025 and reports September 2025 figures and forecasts made then; prices, rents, interest rates and forecasts have changed since. It is general information for Alberta homebuyers and homeowners, not financial, mortgage, real estate or legal advice. Rates, products and qualification rules vary by lender and can change. Please speak with a licensed mortgage professional about your specific circumstances. Mortgages for Less with INDI Mortgage.

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