Before you start touring homes in Calgary, Edmonton or a smaller Alberta town, find out what homes there sell for and learn how to shop for a mortgage that suits your budget. The average house price in Alberta reached $525,308 in September 2026, roughly $141,000 under the average house price in Canada.
Below, you'll find Alberta prices by city and home type, the monthly mortgage cost on an average home, the land titles fees due at closing and the bills that follow once you move in.
Key Points
- The average Alberta home sold for $525,308 in September 2026, 5.2% more than in September 2025.
- The MLS HPI benchmark for a typical Alberta home sat at $508,500, down just 0.4% over the year.
- A typical Calgary home ($569,200) costs about $150,000 more than a typical Edmonton home ($416,700).
- Buying at the provincial average, your mortgage would cost between $2,444 and $3,011 a month, based on the size of your down payment.
- Alberta charges no land transfer tax. Buyers pay Land Titles fees to register the transfer and the mortgage instead.
What's The Current Average House Price In Alberta?
Alberta's average sale price for September 2026 was $525,308, up 5.2% from the same month in 2025.1 Prices slipped in British Columbia and Ontario over that year, but Alberta kept climbing, and buying here still costs less than in most of the big provinces.
CREA also publishes a benchmark price through its MLS Home Price Index (HPI). It follows what a typical home is worth, so a month with more large, pricey homes changing hands doesn't push it up the way it can push up an average. Alberta's benchmark came in at $508,500 for September 2026, a dip of 0.4% over twelve months.2 It topped out at $527,600 in March 2025 and now sits 3.6% under that high. In January 2005 it was just $191,400, so a typical Alberta home now costs more than 2.6 times as much.
Alberta Benchmark Home Price, 2005 To 2026
Peak $527,600 in March 2025 | September 2026: $508,500
Source: CREA MLS Home Price Index, Alberta composite benchmark price, not seasonally adjusted.
How Much More Do Homes Cost In Calgary Than In Edmonton?
About $150,000. Calgary is the priciest of Alberta's big markets, and a typical Edmonton home sells for roughly that much less.2
| Market | Benchmark Price (September 2026) | Year-Over-Year Change |
|---|---|---|
| Calgary | $569,200 | +0.2% |
| Alberta (province) | $508,500 | -0.4% |
| Edmonton | $416,700 | -0.1% |
Source: CREA MLS Home Price Index (September 2026).2 The kind of home matters as much as the city. In Alberta, a typical single-family house runs more than double the price of a typical apartment.
| Property Type | Benchmark Price (September 2026) | Year-Over-Year Change |
|---|---|---|
| Single-family home | $606,500 | -0.4% |
| Townhouse | $379,400 | -3.9% |
| Apartment | $264,900 | -6.3% |
Source: CREA MLS Home Price Index (September 2026).2 Detached houses kept their value over the year, while townhouses fell 3.9% and apartments 6.3%. If a condo or townhouse would work for you, that dip could give you more room to bargain.
Is Alberta Cheaper Than Other Provinces?
Than most of the larger ones, yes. Alberta's average price is about $141,000 lower than Canada's and far lower than British Columbia's next door.
| Region | Home Prices (September 2026) | Year-Over-Year % Change |
|---|---|---|
| Canada | $666,538 | -1.6% |
| British Columbia | $923,887 | -2.4% |
| Ontario | $791,691 | -4.3% |
| Quebec | $563,241 | 2.2% |
| Alberta | $525,308 | 5.2% |
| Nova Scotia* | $423,200 | -2.5% |
| Manitoba* | $388,200 | 3.4% |
| Prince Edward Island* | $377,900 | 0.5% |
| Saskatchewan* | $376,700 | 2.8% |
| Newfoundland and Labrador* | $355,600 | 5.5% |
| New Brunswick* | $341,700 | 2.7% |
Source: CREA (September 2026).1 An asterisk means the figure is that province's MLS HPI benchmark; rows without one use the average sale price. Alberta's 5.2% rise was the second biggest in the country, trailing only Newfoundland and Labrador, while British Columbia and Ontario slipped.
What Pushes Alberta Home Prices Up Or Down?
Where a home sits and how busy its local market is are two of the biggest drivers of what you'll pay in Alberta.
Where The Home Is
Buyers pay more to live near work, good schools, shops, main roads and transit, and in areas with little crime. The more of those boxes a neighbourhood ticks, the higher its prices tend to run.
How Busy The Local Market Is
Supply and demand do most of the work here. If buyers outnumber listings, sellers can hold out for more. If listings pile up and buyers are scarce, prices usually ease, however nice the house is.
Calgary closed out September 2026 with 3.93 months of supply, compared with 4.03 in September 2025.3 That figure tells you how many months all current listings would take to sell if sales kept their present speed. Detached homes were tighter, at 3.31 months, than apartments, at 5.29 months, so a Calgary condo buyer had more listings to pick from and more bargaining power.3
Jobs And Wages
Steady work and rising pay put more Albertans in a position to buy, and more buyers means more competition for the same homes.
The Home's Age, Size And Upkeep
Expect a newer, updated house to cost more than an older one that needs work. Bigger houses on larger lots sell for more as well, since they take more land and materials to build. Upgrades such as a modern kitchen, hardwood flooring or energy-efficient windows can raise the price too.
Will Renovating Add To What Your Home Is Worth?
It can. Projects that clearly improve a home's condition and how it looks to buyers tend to add the most.
How Do You Work Out What An Alberta Home Is Worth?
Start with comparables, or "comps": homes close by that sold not long ago. Realtors rely on these when they decide what to list a house for.
The closer the match, the better your estimate. Look for homes much like the one you want, on nearby streets, with recent sale dates. For a rough number before you call in an appraiser or agent, try the how much is my house worth guide.
Average Home Prices Across Canada
What Does A Mortgage On The Average Alberta Home Cost Each Month?
Plan on roughly $2,444 to $3,011 a month for a mortgage on Alberta's $525,308 average-priced home. Where you land in that range comes down mostly to your down payment. Each row assumes a 5% fixed rate and payments spread over 25 years.
Swipe to see all →
| Down Payment | Amount Down | CMHC Insurance Premium | Total Mortgage | Monthly Payment |
|---|---|---|---|---|
| Minimum (5.24%)* | $27,531 | $19,911 (4.00%) | $517,688 | $3,011 |
| 10% | $52,531 | $14,656 (3.10%) | $487,433 | $2,835 |
| 20% | $105,062 | None | $420,246 | $2,444 |
*At $525,308, the smallest down payment allowed is $27,531, or 5.24% of the price: 5% on the first $500,000 ($25,000) and 10% on the remaining $25,308 ($2,531).
These numbers are for illustrative purposes only. Actual numbers may vary.
Put down less than 20% and you pay for mortgage default insurance. The premium is rolled into the loan, which is why the 5% and 10% rows show a bigger mortgage than the 20% row. Albertans pay no provincial sales tax on it. For help working out how much to save, see this guide to mortgage down payments.
What If Your Rate Is Higher Or Lower Than 5%?
A 20% down payment leaves you with a $420,246 mortgage. On that balance, each half-point move in your rate adds or takes away roughly $115 to $125 a month.
| Interest Rate | Monthly Payment | Total Interest Over 25 Years |
|---|---|---|
| 4.0% | $2,211 | $242,928 |
| 4.5% | $2,326 | $277,538 |
| 5.0% | $2,444 | $313,006 |
| 5.5% | $2,565 | $349,298 |
| 6.0% | $2,689 | $386,383 |
These numbers are for illustrative purposes only. Actual numbers may vary.
Plug your own price, down payment and rate into this calculator to see what you'd pay.
Mortgage Calculator
| Amortization | Payment | Total interest | Total paid |
|---|---|---|---|
| 15 years | $3,356.62 | $164,191.53 | $604,191.53 |
| 20 years | $2,773.78 | $225,707.84 | $665,707.84 |
| 25 years | $2,435.28 | $290,584.30 | $730,584.30 |
| 30 years | $2,218.55 | $358,677.44 | $798,677.44 |
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | $9,805.24 | $19,418.13 | $430,194.76 |
| Year 2 | $10,251.44 | $18,971.93 | $419,943.33 |
| Year 3 | $10,717.94 | $18,505.43 | $409,225.38 |
| Year 4 | $11,205.67 | $18,017.70 | $398,019.71 |
| Year 5 | $11,715.60 | $17,507.77 | $386,304.11 |
| Year 6 | $12,248.74 | $16,974.64 | $374,055.37 |
| Year 7 | $12,806.13 | $16,417.24 | $361,249.24 |
| Year 8 | $13,388.89 | $15,834.48 | $347,860.35 |
| Year 9 | $13,998.17 | $15,225.20 | $333,862.18 |
| Year 10 | $14,635.17 | $14,588.20 | $319,227.01 |
| Year 11 | $15,301.16 | $13,922.21 | $303,925.85 |
| Year 12 | $15,997.46 | $13,225.91 | $287,928.39 |
| Year 13 | $16,725.45 | $12,497.93 | $271,202.94 |
| Year 14 | $17,486.56 | $11,736.81 | $253,716.38 |
| Year 15 | $18,282.31 | $10,941.07 | $235,434.07 |
| Year 16 | $19,114.27 | $10,109.11 | $216,319.81 |
| Year 17 | $19,984.08 | $9,239.29 | $196,335.72 |
| Year 18 | $20,893.49 | $8,329.89 | $175,442.24 |
| Year 19 | $21,844.27 | $7,379.10 | $153,597.97 |
| Year 20 | $22,838.32 | $6,385.05 | $130,759.65 |
| Year 21 | $23,877.61 | $5,345.77 | $106,882.04 |
| Year 22 | $24,964.19 | $4,259.19 | $81,917.86 |
| Year 23 | $26,100.21 | $3,123.16 | $55,817.64 |
| Year 24 | $27,287.94 | $1,935.44 | $28,529.71 |
| Year 25 | $28,529.71 | $693.66 | $0.00 |
Estimates only. How we calculate: home price minus your down payment, repaid in equal payments at your rate, with interest compounded semi-annually, as fixed-rate mortgages in Canada usually are. Accelerated payments are your monthly payment split in two (bi-weekly) or four (weekly), which pays the mortgage off sooner. With less than 20% down on a home under $1.5 million, the CMHC default insurance premium (2.80% to 4.00% of the loan, by down payment) is added to the mortgage; in Ontario, Quebec and Saskatchewan, the provincial sales tax on it is due at closing and isn't included. Property tax and other fees are not included.
Do You Pay Land Transfer Tax When Buying In Alberta?
No. Alberta doesn't charge a land transfer tax. At closing, you pay two smaller fees to the Alberta Land Titles Office: one to put the title in your name and one to record your mortgage.4
Since October 1, 2026, the title fee has been $50 plus $5 per $5,000 of what the property is worth.4 The mortgage fee uses the same math on the amount you borrow: $50 plus $5 per $5,000.4 In practice, each one comes to about $1 per $1,000, plus $50.
With no tax to refund, Alberta has no first-time buyer rebate for one. Set money aside for your lawyer, a home inspection and the move, since those bills come due on top of your down payment.
Why Do Interest Rates Matter For Alberta Home Prices?
Rates change how many people can afford to buy, and that moves prices. Cheaper borrowing brings more buyers out, and more buyers bidding on the same homes tends to lift what they sell for.
Higher rates work the other way. Fewer people qualify for the mortgage they want, so demand eases and prices have less room to climb. Alberta buyers saw borrowing costs tick up on October 28, 2026, as the Bank of Canada moved its key policy rate from 2.25% to 2.50%.6 Calgary sales for September 2026 were down 3.85% compared with September 2025.3
Can You Afford A Home At Alberta's Average Price?
Work out your budget before you shop, so you know which listings are realistic. Begin with a list of your regular monthly spending:
- Utilities - power, heat and water
- Your car - loan payments, gas and insurance
- Other loans - student loans and personal loans
- Credit cards - the monthly payment on each card
- Day-to-day spending - groceries and entertainment
- Everything else - subscriptions and any other regular bills
Subtract that total from your take-home pay and you'll see what's left for housing. A lender sizes your mortgage using two ratios, which together form your debt service ratio.
GDS And TDS In Plain Terms
Gross debt service (GDS) measures how much of your pre-tax monthly income housing would eat up: mortgage principal and interest, property taxes and half of any condo fees.
Total debt service (TDS) counts all of that plus your other debt payments, such as car loans, student loans, credit cards and personal loans. Low ratios leave you breathing room and help you avoid being "house poor."
Before you book a showing, check your mortgage affordability to see how much a lender may approve.
What Else Will You Pay Once You Own An Alberta Home?
Your mortgage is only part of the monthly bill. Build these costs into your budget too, so none of them catch you off guard.
| Cost | What It Covers |
|---|---|
| Home insurance | Your lender will ask for it, and it's smart to carry anyway. It pays out if your home is damaged or broken into, or if someone is hurt on your property and you're held liable. |
| Property taxes | Your city or town sets the rate and applies it to your home's assessed value. Calgary's 2026 residential rate is 0.66499%, made up of 0.38906% for the city and 0.27593% for provincial education. On a $500,000 assessment, that comes to about $3,325 a year.5 |
| Utilities | Water, heat, power and the other services you need to keep the house working. |
| Maintenance | Routine care that keeps your home in good shape and protects what it's worth. |
| Repairs | Roofs, windows, faucets, appliances and HVAC systems wear out eventually and need fixing or replacing. |
| Condo fees | Condo owners pay a monthly fee for upkeep of shared spaces, which leaves less maintenance for you to handle. |
Before You Buy In Alberta
Alberta costs less than many provinces, but a home is still a major purchase. A $525,308 home works out to roughly $2,444 to $3,011 a month for the mortgage alone, and property tax, insurance and upkeep sit on top of that. Set a firm price limit from your own budget first, then shop to that number, whether you're looking in Calgary, Edmonton or somewhere smaller.
Average House Price In Alberta FAQs
How much does the average home cost in Alberta?
Where are home prices highest in Alberta?
Where can you find cheaper homes in Alberta?
How much do homes sell for in Calgary?
What does a typical Edmonton home cost?
How much property tax will you pay on an Alberta home?
Did Alberta home prices rise in the past year?
How much would a mortgage on an average Alberta home cost per month?
Do Alberta home buyers pay a land transfer tax?
Does a home's condition change its price?
Sources
- Canadian Real Estate Association (CREA), "National Price Map," September 2026 data, crea.ca, accessed October 2026. https://www.crea.ca/housing-market-stats/canadian-housing-market-stats/national-price-map/
- Canadian Real Estate Association (CREA), "MLS Home Price Index data, not seasonally adjusted (monthly)," Alberta, Calgary and Edmonton, crea.ca, accessed October 2026. https://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/
- Calgary Real Estate Board (CREB), "City of Calgary Monthly Statistics, September 2026," creb.com, accessed October 2026. https://www.creb.com/Housing_Statistics/documents/09_2026_Calgary_Monthly_Stats_Package.pdf
- Government of Alberta, "Land Titles and Surveys Common Documents Fee Schedule," effective October 1, 2026, alberta.ca, accessed October 2026. https://www.alberta.ca/system/files/sartr-land-titles-and-surveys-common-documents-fee-schedule.pdf
- City of Calgary, "Bylaw Number 9M2026 (2026 tax rates)," accessed October 2026. https://municipalaffairs.gov.ab.ca/cfml/FinancialTaxRateSearch/pdf/tr_bylaws/2026_Bylaw_CALGARY_0046.pdf
- Bank of Canada, "Policy interest rate," bankofcanada.ca, accessed October 2026. https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rates/
Note: Loans Canada does not arrange, underwrite or broker mortgages. We are a simple referral service.
