These five major cities are the most in demand in Alberta to move to
If you are on the hunt to move to a bustling community in Albertax, five major cities are leading the way with the largest year-over-year average price jumps for detached homes.
According to market statistics for July 2025 from the Alberta Real Estate Association (AREA), some spots in the province are seeing a big jump in yearly average prices.
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Grande Prairie led the province with a 13 per cent year-over-year increase to rise to an average price of $421,958, Red Deer came in second place with a nine per cent year-over-year increase to hit $488,176, and Edmonton came in third with an eight per cent increase to land at $562,245.
Lethbridge saw the fourth largest year-over-year increase, rising by seven per cent to an average price of $466,922, while Medicine Hat was hot on its heels with a six per cent increase to land at $410,951.
The average price of a detached home in Fort McMurray crept up by just one per cent year-over-year to hit $468,247, and Calgary didn’t see a year-over-year increase at all, sitting at $720,000.
When it comes to the province, the AREA says July saw a 4.2 per cent year-over-year drop in sales, with the biggest drops seen in row housing and apartments for the fourth straight month. New listings increased by 9.1 per cent year-over-year. Inventory increased 17.4 per cent year over year and is up 11 per cent year to date. The sales-to-new listings fell slightly to 63 per cent.
“There were 2.76 months of supply in July, up 22.5 per cent year-over-year. Calgary and Edmonton are seeing a loosening of supplies, while Grande Prairie, Medicine Hat, and Lethbridge continue to have the tightest conditions in the province, all having less than two months of supply,” the AREA stated.
You can check out the full AREA report online.