What is the average home price in Alberta?

The average home price in Alberta was $513,162 in January 2026, up 0.1% from December 2025 and 2.0% higher than January 2025.

Is Alberta a buyer's or seller's market?

Alberta is in a seller's market as of January 2026, with 3.8 months of supply and a sales-to-new-listings ratio (SNLR) of 47%. Conditions favour sellers, particularly in Calgary and Edmonton.

Which cities in Alberta have the most affordable housing?

Fort McMurray ($320,270), Grande Prairie ($349,970), and Red Deer ($373,728) offer the most affordable average home prices in Alberta as of January 2026.

Alberta Housing Market Report 2026

Alberta’s housing market remains one of the strongest in Canada heading into 2026, with the provincial average home price at $513,162 — up 2.0% year-over-year. With 3.8 months of supply and an SNLR of 47%, seller’s market conditions persist. Sales declined 19.4% from a year ago to 3,637 transactions, but this partly reflects a pullback from the unusually high activity levels seen in early 2025.

Key statistics (January 2026)

Metric	Value	Month-over-Month	Year-over-Year
Average Home Price	$513,162	+0.1%	+2.0%
Benchmark Price	$499,300	+0.1%	-3.1%
Total Sales	3,637	-1.2%	-19.4%
New Listings	7,737	N/A	-1.0%
Active Listings	13,951	N/A	+12.0%
Months of Supply	3.8	N/A	N/A
Sales-to-New-Listings Ratio	47%	N/A	N/A
Market Condition	Seller’s Market	N/A	N/A

Average home prices by city

City	Average Price	YoY Change
Calgary	$618,270	+2.2%
Edmonton	$448,761	+2.4%
Medicine Hat	$416,556	+19.4%
Lethbridge	$408,896	-1.9%
Red Deer	$373,728	-6.0%
Grande Prairie	$349,970	-5.3%
Fort McMurray	$320,270	-3.4%

Average home prices by property type

Property Type	Average Price	YoY Change
Detached	$604,761	+1.7%
Semi-Detached	$512,295	-2.1%
Row/Townhouse	$367,122	-5.4%
Apartment	$283,870	+0.3%

Market conditions

Alberta is in a seller’s market as of January 2026. At 3.8 months of supply, inventory is below the 4–6 month balanced range. The SNLR of 47% sits near the upper end of balanced territory, indicating relatively tight conditions where demand is absorbing supply.

While active listings have risen 12.0% year-over-year to 13,951, new listings declined 1.0%, suggesting that existing inventory is accumulating as some properties take longer to sell. However, the overall market dynamic still favours sellers, particularly for well-priced detached homes in Calgary and Edmonton.

Regional analysis

Calgary continues to lead the Alberta market with an average of $618,270, up 2.2% year-over-year. As the province’s largest city and a major economic hub for the energy sector, Calgary has benefited from strong interprovincial migration — particularly from Ontario and BC — as homebuyers seek more affordable options. Edmonton is also growing modestly at $448,761 (+2.4%), offering significant affordability relative to Calgary.

Smaller Alberta cities present a more mixed picture. Medicine Hat stands out with a remarkable 19.4% surge to $416,556, though this is partly driven by a small sample size and individual high-value transactions. Red Deer ($373,728, -6.0%) and Grande Prairie ($349,970, -5.3%) have seen price declines, reflecting local economic conditions. Fort McMurray ($320,270, -3.4%) continues to struggle as the resource-dependent economy remains volatile.

Lethbridge ($408,896, -1.9%) is relatively stable, positioning itself as an affordable alternative to Calgary for southern Alberta buyers.

Key trends

Seller’s market persists — At 3.8 months of supply, Alberta remains a seller’s market, one of the few provinces where sellers have the upper hand.
Calgary and Edmonton growing — Both major cities posted positive year-over-year price growth, supported by interprovincial migration and relative affordability.
Medicine Hat surging — A 19.4% price increase makes Medicine Hat the fastest-growing city in the province, though from a lower base.
Inventory building — Active listings rose 12.0%, which could moderate price growth if the trend continues into spring.
Detached homes leading — Detached homes remain the strongest segment at $604,761 (+1.7%), while row housing has softened (-5.4%).

Housing affordability

Alberta remains one of Canada’s more affordable provinces with an average home price of $513,162. To purchase a home at the average price with a 20% down payment, a household would need an estimated annual income of approximately $120,000.

Calgary’s $618,270 average requires roughly $145,000, while Edmonton at $448,761 needs approximately $108,000. Fort McMurray ($320,270), Grande Prairie ($349,970), and Red Deer ($373,728) offer even more accessible price points, with income requirements below $95,000.

Use our mortgage affordability calculator to see how much you can afford, or try the income to afford home calculator to estimate the salary needed at Alberta price levels.