Alberta's homebuilding has slowed, with 22,000 homes started in the first half of the year, down 21% from last year, yet demand remains strong due to ongoing population growth from immigration and migration. The province is on track for 47,000 new homes in 2026, with a potential decline to 35,000 in 2027. Builders seek stability amid fluctuating growth, noting affordability remains key, especially for townhouses under $500,000.