Calgary and Edmonton are making headlines as the cities with Canada’s most significant gaps between housing demand and supply. As someone who tracks both the numbers and the lived experience on the ground, I see the impact firsthand. Edmonton’s ability to maintain affordability stands out, thanks to a more balanced market. Meanwhile, Calgary has made real progress, narrowing its supply gap—yet we still need 4,000 to 5,000 new units each year to keep pace. What’s also notable is the recent 20% decrease in housing starts across both cities, a trend influenced by higher vacancies and ongoing economic uncertainty. For buyers, sellers, or investors, understanding these shifts is key to making smart decisions. I always emphasize the importance of blending solid market data with a clear financing strategy—especially in times of change.
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