Alberta’s 2025 Growth: What It Means for Homeowners and the Year Ahead

If it feels like Alberta’s been buzzing lately, you’re not imagining it! The official GDP numbers for 2024 are finally in, and they paint an exciting picture for Alberta GDP 2025 real estate trends. With our economy growing faster than most of Canada, Alberta continues to stand out as one of the best places to live, invest, and build a future. While those numbers look back on last year, they paint an exciting picture of what could be ahead for Alberta homeowners, buyers, and investors in 2026.

Alberta’s 2024 GDP: A Strong Foundation for 2025 Real Estate Growth

According to Statistics Canada’s official data, Alberta’s economy grew by 3% last year, outpacing the national average of 2% and beating major provinces like Ontario, BC, and Quebec. That’s a strong showing that puts us in third place across the country, right behind PEI and Nova Scotia.

The biggest driver of growth? People and spending.
With Alberta’s population jumping by a record 4.7% (that’s 220,000 new residents!), more people meant more demand for homes, vehicles, furniture, and everything that makes a house a home. Household spending rose by 2.3%, and residential construction surged by an incredible 13.6%, the fastest growth since 2021.

If you’ve been watching new developments pop up around Edmonton or noticed how quickly homes are selling, this is exactly why. More people are moving here, and they’re building, buying, and settling in.

Oil and Exports Still Fuel Alberta’s GDP

Strong oil production also played a big part, with a 4.1% increase last year thanks in part to the Trans Mountain Expansion. This boosted exports and kept Alberta’s economic engine humming.

Slower Business Investment, Stronger Housing Demand

Business investment slowed down, especially in non-residential projects and equipment. But the real estate side remained strong, with demand for housing and renovation continuing to rise across the province.

GDP and Real Estate: How They Connect

So, what does GDP have to do with real estate? In simple terms, GDP (Gross Domestic Product) measures how much money is moving through the economy — how much we’re producing, buying, and selling. When GDP is growing, it usually means more people have jobs, businesses are busy, and confidence is high.

And confidence is everything in real estate.

When people feel secure in their jobs and optimistic about the future, they’re more likely to buy homes, move up to something bigger, or invest in property. Developers build more, builders hire more trades, and the cycle keeps spinning.

On the flip side, when GDP slows or turns negative, people tend to hold off on big purchases like homes, which can cool the market.

So even though it sounds like a boring number on a government report, Alberta GDP 2025 real estate trends give us a snapshot of Alberta’s economic health — and a hint of what might be coming for our housing market.

What to Expect for Alberta Real Estate in 2025/2026

Looking ahead, economists expect Alberta’s growth to slow slightly in 2025, closer to 2%, as population growth levels off and trade challenges pop up. But with our strong job market, affordable housing compared to other provinces, and a steady influx of newcomers, Alberta’s fundamentals still look solid.

For real estate, that means continued movement, especially in areas with newer homes, good schools, and strong community amenities — exactly the kind of neighborhoods where people want to put down roots.

If you want to dive deeper into how Alberta’s housing market is trending, check out the Canadian Real Estate Association’s housing market stats for the latest numbers.

My Takeaway

Alberta’s still one of the best places in Canada to live, work, and invest, and that’s not slowing down anytime soon. Whether you’re buying your first home, considering an investment property, or planning a move in 2025, the province’s momentum is a great sign.

And if you’d like help figuring out where your next move fits into Alberta’s bigger picture, I’d love to chat!

Jolene Langelle | RE/MAX Elite
Your South Edmonton REALTOR®
“Selling your home should be fun!”