A recent analysis using artificial intelligence suggests Calgary's housing market may soon experience some relief. The research examined how policy reforms, immigration trends, and construction activity are influencing housing markets across major Canadian cities, including Calgary. By leveraging AI, researchers were able to more effectively analyze real-time data and offer insights into future housing price movements and market conditions.

The study highlights that aggressive construction efforts and shifts in immigration policies are helping to narrow the gap between housing supply and demand in Calgary. In 2024, the city saw median home prices peak at approximately $740,000. However, projections indicate a potential decline of over $100,000 in the coming two years, signaling a shift towards a more balanced market.

Despite this expected price drop, experts caution that any relief in housing affordability might be temporary. A significant influx of new residents is anticipated by 2026, which could reignite demand and place renewed pressure on housing prices. This suggests that the current cooling trend may only last a short while before the market heats up again.

The researchers behind the study hope their findings will support better-informed local development policies. They emphasize the need to streamline building permits and accelerate construction to keep up with growing population pressures. These measures could help moderate price increases and improve overall housing accessibility in the long term.

Looking further ahead, the report estimates that Calgary home prices could stabilize between $650,000 and $730,000 by 2032, assuming housing supply continues to keep pace with demand. This forecast underlines the importance of proactive planning and policy implementation to ensure sustainable growth in the housing sector.