Mindblown: a blog about philosophy.

Young Edmontonians and out-of-province buyers are significantly driving up competition in the local housing market. Once a haven for budget-conscious buyers, affordability in Edmonton is now no longer a sure thing.

Canada’s spring housing market is slowing due to economic uncertainty and U.S. tariff concerns affecting buyers and sellers. Home sales dropped 9.8% in Mid-Q1, with prices declining 3.3% and new listings falling 12.7%.

In February 2025, home sales in Canada fell to their lowest level since November 2023 amid trade war uncertainty. February home sales ↓ 10.4% yearly and ↓ 9.8% MoM on a seasonally adjusted basis.

Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023. Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels.

Alberta leads Canada in housing starts for Q1 2025, accounting for over 25% of the total. Alberta represents less than 13% of Canada's population, but dominates 25% of housing starts.

The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend.

Detached house prices in Alberta rose by 5.3% in February, reaching an average of $603,554. Red Deer leads with a 17.3% rise in detached house prices, averaging $478,601.