Best Mortgage Rates
5-Year Fixed
Alberta Housing Market Report
WOWA Simply Know Your Options
Market Report Summary for June 2025
Updated August 4th, 2025
- August 13, 2025 Update: Today’s Lowest mortgage rate in Alberta is 3.99% for 3-Year Fixed.
Alberta Housing Market Overview
Data for June 2025
Avg. Sold Price:$525,119
All Property Types:$525,119
Detached:$607,802
Semi-Detached:$527,959
Townhouse:$383,824
Condo Apartment:$284,640
Transactions (Buy/Sell):7,963
All Property Types:7,963
Detached:5,098
Semi-Detached:694
Townhouse:994
Condo Apartment:1,177
Alberta Average House Prices by City
Alberta Housing Market as of June 2025
The average home price in Alberta increased to $525,119 in June 2025 and is down 0.6% from May 2025 and 3.1% higher than June 2024
Alberta’s benchmark home price was $522,200, a decrease of 0.3% and increase of 0.7% year-over-year.
Sales and New Listings
There were 7,963 home sales in Alberta’s housing market in June 2025, a decrease of 4.2% year-over-year.
New listings increased to 12,333 (up 8.5% year-over-year). Inventory levels increased 19.1% year-over-year to 20,803 units.
Key Statistics:
- Total Residential Sales: 7,963 (4.2% decrease year-over-year)
- New Listings: 12,333 (8.5% increase year-over-year)
June 2025 saw these year-over-year changes based on property type:
- Detached: $607,802 (1.7% increase year-over-year)
- Semi-Detached: $527,959 (3.8% increase year-over-year)
- Row: $383,824 (0.5% increase year-over-year)
- Apartment: $284,640 (5.7% decrease year-over-year)
Alberta: Seller’s or Buyer’s Markets?
June 2025
| City | June 2025 Sales-to-New-Listings Ratio (SNLR) | May 2025 Sales-to-New-Listings Ratio (SNLR) | Change | Market Type |
|---|---|---|---|---|
| Calgary | 54% | 53% | Balanced Market | |
| Edmonton | 68% | 58% | Seller's Market | |
| Red Deer | 74% | 78% | Seller's Market | |
| Lethbridge | 89% | 81% | Seller's Market | |
| Medicine Hat | 73% | 86% | Seller's Market | |
| Grande Prairie | 102% | 87% | Seller's Market | |
| Fort McMurray | 67% | 47% | Seller's Market | |
| Alberta | 65% | 59.7% | Seller's Market |
The provincial sales-to-new listings ratio (SNLR) was 65% in June 2025. Months of supply stood at 2.61, which represents an increase of 24.3% year-over-year.
GET A CASH OFFER TO SELL WITHOUT SHOWINGS!
NO OBLIGATION. CONSIDER A CASH OFFER BEFORE LISTING
Regional Breakdown
| City | Average Home Prices (June 2025) | Population (2021) |
|---|---|---|
| Calgary | 1,481,806 6.4% vs. 2016 | |
| Edmonton | 1,418,118 7.3% vs. 2016 | |
| Red Deer | 100,844 4.0% vs. 2016 | |
| Lethbridge | 123,847 5.5% vs. 2016 | |
| Medicine Hat | 76,376 -0.2% vs. 2016 | |
| Grande Prairie | 64,141 1.5% vs. 2016 | |
| Fort McMurray | 68,002 1.3% vs. 2016 |
Housing Markets of Major Cities in Alberta
Housing Markets Across Canada
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
- The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.