In brief
In Alberta, the provincial average price stands at $540,492 in April 2026 and the HPI benchmark at $514,000 (CREA), in a seller's market (2.7 months of inventory). City by city, the reference price ranges from $399,865 (Medicine Hat) to $568,800 (Calgary). Sources: CREB, RAE and local boards · CREA, dated figures per city below.
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.
| City | Data scope | Reference price | Indicator | 1-year change | Period |
|---|---|---|---|---|---|
| Calgary | Ville de Calgary | $568,800 | HPI | -3.5 % | April 2026 |
| Airdrie | City of Airdrie (Calgary region) | $515,000 | HPI | -4.9 % | May 2026 |
| Lethbridge | City of Lethbridge | $450,795 | average | +9.8 % | May 2026 |
| Fort McMurray | Fort McMurray (Wood Buffalo) | $432,213 | average | +9.4 % | May 2026 |
| Edmonton | Greater Edmonton Area (GEA) | $431,900 | HPI | -1.6 % | April 2026 |
| Grande Prairie | City of Grande Prairie | $414,420 | average | +8 % | May 2026 |
| Red Deer | City of Red Deer | $403,024 | average | +0.6 % | May 2026 |
| Medicine Hat | City of Medicine Hat | $399,865 | average | +5.2 % | May 2026 |
"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 ($568,800) and Medicine Hat ($399,865), 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 8 markets with a published annual change, 5 are up and 3 down. Leading the gains: Lethbridge (+9.8 %), Fort McMurray (+9.4 %), Grande Prairie (+8 %). Sharpest declines: Airdrie (-4.9 %), Calgary (-3.5 %), Edmonton (-1.6 %).
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: July 26, 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
What is the price of a house in Alberta?
In Alberta, the provincial average price stands at $540,492 in April 2026 and the HPI benchmark at $514,000 (CREA), in a seller's market (2.7 months of inventory). City by city, the reference price ranges from $399,865 (Medicine Hat) to $568,800 (Calgary). Sources: CREB, RAE and local boards · CREA, dated figures per city below.
What is the cheapest city in Alberta to buy in?
Among the 8 markets Payotte tracks, the lowest reference price is Medicine Hat at $399,865 (average, May 2026). At the other end, the highest is Calgary at $568,800 (HPI).
Are Alberta home prices rising or falling in 2026?
Of 8 markets with a published annual change, 5 are up and 3 down. Leading the published gains: Lethbridge (+9.8 %), Fort McMurray (+9.4 %), Grande Prairie (+8 %). Sharpest declines: Airdrie (-4.9 %), Calgary (-3.5 %), Edmonton (-1.6 %).
Where do these figures come from?
From official real estate board statistics (CREB, RAE and local boards · CREA), for the period shown on each row. Payotte compiles and dates; no value is estimated or extrapolated. Full detail and source links are on each city page.
Our price dossiers by province
Buying or selling in one of these cities?
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See verified experts — Alberta