A new report from the Calgary Chamber of Commerce says Alberta is ahead of the pack when it comes to new home construction—but warns the job's not done. So far in 2025, the province has seen over 68,000 housing starts, far outpacing the national average, and Calgary hit its housing supply target a year early.

But as more people move to the province—Calgary alone has grown by nearly 220,000 residents since 2020—housing pressure continues to build. While rental rates and home prices are starting to level out, the chamber says long-term affordability needs more support. Earlier this month, the province and Ottawa committed over $203 million to build 2,300 affordable units across Alberta, including several projects in Calgary.

The chamber is calling on all levels of government to keep the momentum going: speed up approvals, train more tradespeople, and expand funding for housing and infrastructure. "When people can afford to live where they work, businesses can attract talent, communities thrive and the economy grows," said chamber president Deborah Yedlin.