Alberta real estate prices: the figures, city by city

The reference price in 8 Alberta cities

The table shows the headline value published for each market: the composite MLS® HPI benchmark where the board publishes one, otherwise the median, otherwise the average — the type is flagged on every row, and the annual change refers to that same indicator. Every row also states its reference period. Ranked from most to least expensive.

"HPI" = MLS® benchmark price (typical home, CREA method); "median"/"average" = closed-sale prices. The year-over-year change is the one published by the source for the same indicator; "—" = not published. Full detail (inventory, days on market, exact links) is on each city's page.

How to read these figures

The gap between markets is the dominant fact. Between Calgary ($572,500) and Fort McMurray ($384,482), the reference price varies enormously within a single province — comparing your city to the provincial average is often misleading.

The one-year trend. Of the 7 markets with a published annual change, 5 are up and 2 down. Leading the gains: Medicine Hat (+11.1 %), Red Deer (+8 %), Lethbridge (+6.7 %). Sharpest declines: Calgary (-2.1 %), Edmonton (-2.1 %).

A reference price is not a guaranteed price. The HPI tracks a "typical home"; the median is the midpoint of closed sales. Neither tells you what a specific property is worth — for that, there is the verified appraiser and broker for your sector.

The provincial picture

Province-wide, CREA put Alberta's average price at $540,492 in April 2026 and the benchmark at $514,000, in a seller's market (2.7 months of inventory) — among the tightest conditions in the country. An Alberta particularity: no land transfer tax on purchase, unlike Ontario or British Columbia.

Borrowing costs remain a key driver: see our policy-rate dossier for current rates and the Bank of Canada's decision calendar.

Methodology and sources

Where the figures come from. Every value comes from statistics published by the real estate boards (CREB, RAE and local boards · CREA). Where a published figure is regional rather than municipal, the "scope" column says so explicitly, row by row.

Every figure carries its date. Boards publish at different paces: the "period" column gives the exact month or quarter of each figure. This table is regenerated on every update of our market data (last generated: August 14, 2026) — the same source feeds our city pages and our open market-data feed.

Our rule: no invented data. When a source does not publish a value, the cell shows "—" rather than an estimate. No figure on this page is computed, extrapolated or "adjusted" by Payotte.

Frequently asked questions