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Is Alberta’s housing market finally cooling — or just catching its breath?

Carlin Lutzer sits down with Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB), for a deep dive into the shifting real estate landscape across Okotoks, Calgary, and surrounding communities. 

From international migration dips and rising housing starts to the balancing act between resale and new homes, Ann-Marie offers expert insight into what’s driving the data and what it all means for buyers, sellers, and investors heading into 2026. 

The conversation also touches on big-picture economic factors, the million-dollar market, and yes, even the political wildcard of Alberta separation. 

Listen For

3:23 What does a Chief Economist at CREB actually do—and why does it matter?

6:54 How has the slowdown in migration shifted Calgary’s housing demand?

9:11 Why is Okotoks seeing tight supply but flat pricing in 2025?

17:35 How does the current market compare to 10- and 20-year averages in Okotoks and Calgary?

33:24 Could a referendum on Alberta separation derail real estate investment?
 

Connect with guest: Ann-Marie Lurie, Chief Economist, Calgary Real Estate Board

LinkedIn| Calgary Real Estate Board

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