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Median house prices in Alberta 2018-2020

Median house prices in Alberta from 2018 to 2020 (in Canadian dollars)

by Jennifer Rudden, last edited Sep 9, 2019
Median house prices in Alberta 2018-2020 The average house price in Alberta, Canada in 2020 was forecasted to cost 372,300 Canadian dollars. In 2018, the median house price in the region amounted to 387,500 Canadian dollars.

Main reason for price decline

The volume of housing starts in the province has fallen in recent years, which indicates that supply had outstripped demand. Real estate experts have confirmed this is the case for the two largest cities in Alberta, Calgary and Edmonton. The surplus of available housing units on the market means that buyers are under no pressure to make an offer as soon as they find a home they like. Both markets had affordable house price to income ratios as of the fourth quarter of 2018.

Future of the province

House prices in Edmonton and Calgary are estimated to decrease or stay the same, respectively, in 2019 when compared with 2018. Edmonton is forecast to have the biggest price drop in the country, due to overbuilding in the city.
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Median house prices in Alberta from 2018 to 2020 (in Canadian dollars)

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