This city is seeing the fastest home price growth in Alberta
One Alberta city is seeing the fastest home price growth among all of the province’s major housing markets, and it isn’t one of the big cities.
According to Royal LePage’s latest market survey, Red Deer recorded the biggest increase in detached home prices between Q4 2025 and Q1 2026.
In the fourth quarter of 2025, the median price for a single-family detached home in Red Deer sat at $532,600. By Q1 2026, it had risen to $548,600, a three per cent increase quarter-over-quarter, marking the fastest price growth in the province.
Calgary saw the second-biggest growth among Alberta’s major housing markets. While still posting gains, Calgary’s growth lagged behind Red Deer.
Detached home prices in Calgary rose from $792,100 in Q4 2025 to $806,500 in Q1 2026, marking an increase of roughly 1.8 per cent quarter-over-quarter.
The City of Red Deer/Facebook
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Edmonton saw a 1.1 per cent increase in detached home prices over the same period, rising from $515,900 in Q4 2025 to $521,800 in Q1 2026.
Lethbridge was the only Alberta spot to record a decrease in quarter-over-quarter detached home prices, with prices falling by 0.9 per cent to $394,200, the lowest recorded price in the province.
On a year-over-year basis, Fort McMurray has seen the largest increase in single-family detached home prices, rising 3.2 per cent between Q1 2025 and Q1 2026. Red Deer recorded a 0.9 per cent increase in year-over-year prices.
Edmonton was the only spot to see a decline in year-over-year single-family detached home prices, falling from $526,600 in Q1 2025 to just $521,800 in Q1 2026.
Price growth is nothing new in Red Deer. In March 2026, the city saw the largest rent price increase in Canada.