Terms and conditions apply; rates are per annum and subject to change without notice. Eligible for CDIC deposit insurance. Non-Registered rates are tiered and based on your balance. 3.00% applies to deposits of $25,000 or more. See WealthONE website for current rates and applicable balance tiers. Highest rate in Canada for non-promotional HISA accounts, as confirmed by WOWA.ca as of June 25, 2026.
Alberta Housing Market Report
- Alberta's average home price increasedby 4.0% year-over-year to$547,605.
Alberta Housing Market Overview
Alberta Average House Prices by City
Alberta Housing Market as of May 2026
The average home price in Alberta increased to $547,605 in May 2026 and is up 1.3% from April 2026 and 4.0% higher than May 2025.
Sales and New Listings
There were 7,401 home sales in Alberta’s housing market in May 2026, a decrease of 12.9% year-over-year.
New listings increased monthly to 13,748 (down 4.0% year-over-year). Inventory levels increased 2.0% year-over-year to 21,211 units.
Key Statistics:
- Total Residential Sales: 7,401 (12.9% decrease year-over-year)
- New Listings: 13,748 (4.0% decrease year-over-year)
May 2026 saw these year-over-year changes based on property type:
- Detached: $633,782 (2.3% increase year-over-year)
- Semi-Detached: $517,088 (1.5% decrease year-over-year)
- Row: $392,182 (2.8% increase year-over-year)
- Apartment: $281,607 (2.6% decrease year-over-year)
Sales-to-New-Listings Ratio (SNLR)
| City | May 2026 Sales-to-New-Listings Ratio (SNLR) | May 2025 Sales-to-New-Listings Ratio (SNLR) | Change |
|---|---|---|---|
| Calgary | 51% | 55% | |
| Edmonton | 53% | 54% | |
| Red Deer | 63% | 70% | |
| Lethbridge | 83% | 79% | |
| Medicine Hat | 76% | 69% | |
| Grande Prairie | 77% | 80% | |
| Fort McMurray | 61% | 68% | |
| Alberta | 54% | 58% |
The provincial sales-to-new listings ratio (SNLR) was 54% in May 2026. Months of supply stood at 2.87, which represents an increase of 16.7% year-over-year.
Regional Breakdown
| City | Average Home Prices (May 2026) | 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 |
Terms and conditions apply; rates are per annum and subject to change without notice. Eligible for CDIC deposit insurance. Non-Registered rates are tiered and based on your balance. 3.00% applies to deposits of $25,000 or more. See WealthONE website for current rates and applicable balance tiers. Highest rate in Canada for non-promotional HISA accounts, as confirmed by WOWA.ca as of June 25, 2026.
Housing Markets of Major Cities in Alberta
Housing Markets Across Canada
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- 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.
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- 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.
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