Alberta continues to see strong interprovincial migration, which keeps demand steady even as borrowing costs shift. That combination tends to support prices in high-growth corridors more than in slower-moving markets.
Inventory levels vary sharply by segment: entry-level homes remain competitive, while larger single-family listings have had more room for negotiation in recent months.
Rather than trying to time the absolute bottom of the market, focus on your own affordability window — payment stability matters more over a mortgage term than shaving a small percentage off the purchase price.
If your finances and timeline are ready, a balanced market with steady population growth is generally a reasonable time to buy, particularly for buyers planning to hold for five years or more.