Alberta’s housing market continued to demonstrate stability in Q2 2025, maintaining relatively balanced conditions even as several other provinces, notably British Columbia, grappled with weaker sales and declining prices. While transactions in Alberta eased modestly, price growth, healthy listing activity, and strong population gains kept the province’s market on a steadier footing than some other provinces.Sales EasingHome sales in Alberta slipped 4.2% quarter-over-quarter (q/q) in Q2 2025, following a 6.6% decline in Q1, according to an Edge Realty Analytics report in July. Year-over-year (y/y), sales were down 8.4%. Although activity has moderated from recent highs, these drops remain less severe than in provinces like BC, where Q2 sales fell 7.1% q/q and 8.9% y/y. Alberta’s more affordable housing and ongoing in-migration continue to support buyer activity, helping to cushion the slowdown.Listings and Inventory BalancingNew listings increased by 4.7% q/q and 11.8% y/y in Q2, following a stable first quarter. Active listings also grew by 5.1% q/q and 22.1% y/y, providing buyers with more choice but without the notable oversupply conditions seen in some other provinces.Alberta’s months of inventory stood at just 3.0 in Q2, only slightly above Q1’s 2.8 and well below the levels seen in BC, for example, where inventory exceeded seven months. This lower supply relative to demand still keeps Alberta closer to a seller’s market, despite rising.Prices GrowingThe province’s Home Price Index (HPI) climbed 0.8% q/q and 1.8% y/y in Q2, building on steady appreciation earlier in the year. By comparison, BC saw prices decline for the second straight quarter, and Ontario saw an even steeper drop of 2.8% q/q and 6.9% y/y.Construction Activity SurgesAlberta’s housing construction sector expanded sharply in Q2, with dwellings under construction rising 13.4% q/q and 20.1% y/y.