//70% of Alberta’s 2025 starts were multi-residential
70% of Alberta’s 2025 starts were multi-residential
54,900 new homes started in Alberta in 2025. A 70-year record. Most people read that as a single-family boom. It isn’t.
Here’s what the data actually shows:
→ 70% of Alberta’s 2025 starts were multi-residential — rowhouse, multiplex, apartments → Missing middle housing is up ~10% vs the 10-year average across major Alberta CMAs → Condo presales are slowing, with unsold inventory building up across both Calgary and Edmonton
The segment driving the record? Not single-family detached. Multi-unit and rental.
Detached is still relevant. But it’s not where the structural shift is happening.
This is not a red flag. But it’s not the “single-family boom” story most people are still telling.
What changed?
Demographics rewired demand. 598,000 new Albertans between 2021 and 2025. They need density, not sprawl. Municipalities simplified zoning. Builders followed. The market responded before most noticed.
For anyone deploying capital or capacity in Alberta right now — developer, contractor, investor — one question matters more than the headline number:
WHICH product type, WHICH city, and WHICH location within it.
Not “is Alberta building?” It is. At record levels.
But record activity doesn’t mean every format makes sense. Feasibility does.
If you’re evaluating a multi-residential or missing middle project in Alberta and want a second read on product-market fit — I’m happy to take a look.
#Alberta #AlbertaRealEstate #CalgaryRealEstate #EdmontonRealEstate #CanadaConstruction #HousingMarket #MissingMiddle #RealEstateCanada #AlbertaConstruction #Feasibility #ProjectManagement #BusinessDevelopment #RealEstateDevelopment #ConstructionManagement #HousingStarts #PropertyDevelopment #MultiFamily #RentalHousing #UrbanDevelopment
- 92 views
- 1 Comment
Eros Belotti 01.
Eros belotti
Construction project manager with over 15 years of experience in Europe and the Canary Islands. Specialized in modular housing, container construction, real estate development and international project management. Founder of Reforma Vivienda Tenerife and Donkey Lab.
May 26, 2026 /
For context: I’ve been tracking Alberta’s construction pipeline from the outside — European background, with project management and real estate development experience across Italy, Switzerland, and Spain.
What struck me most when I started digging into Alberta’s numbers wasn’t the volume. It was the composition.
The missing middle shift isn’t just a supply story. It’s a signal about who Alberta is building for — and that changes everything about how you approach feasibility, product design, and market timing.
Curious what you’re seeing on the ground. Are developers in Calgary and Edmonton already repositioning their pipelines — or still chasing the old playbook?