07/29/2016 05:24 EDT | Updated 07/29/2016 05:59 EDT

Alberta Real Estate: What $500,000 Will Buy You Around The Province

The average Canadian home costs half a million dollars.

Actually, that's $503,301 as of June, while the average Alberta home cost $397,269, according to the Canadian Real Estate Association.

Alberta's price is down just 1.4 per cent from last year, despite having 11.5 per cent more listings come up for sale.

The Canadian average price is up by 11.2 per cent since last year.

Here's a look at what the average price of a Canadian home can buy you around Alberta:

Calgary's suburbs

calgary home for sale

339 Chaparral Dr. S.E., Calgary, Alta. (Photo: Point2 Homes)

Cost: $499,000

Size: 2,287 sq.-ft.

Bedrooms: 4

Bathrooms: 3

What you get: This home swaps location for size. Located in a suburb on Calgary's southern edge, the two-storey house has nine-foot-high ceilings and hardwood floors.

Downtown Calgary

pixel condo

102 235 9A St. N.W., Calgary, Alta. (Photo:

Cost: $499,900

Size: 989 sq.-ft.

Bedrooms: 1

Bathrooms: 2

What you get: This brand-new modern townhouse is steps away from the Bow River and a five-minute C-Train ride from downtown.

Edmonton's suburbs

edmonton home for sale

7135 158 Ave., Edmonton, Alta. (Photo: Point2 Homes)

Cost: $499,900

Size: 2,374 sq.-ft.

Bedrooms: 5

Bathrooms: 4

What you get: A fully-furnished basement with standout stonework. This entire home has been renovated recently.

Downtown Edmonton

edmonton condo for sale

1403 11710 100 Ave., Edmonton, Alta. (Photo:

Cost: $499,800

Size: 1,462 sq.-ft.

Bedrooms: 2

Bathrooms: 2

What you get: Just west of downtown, this condo has floor-to-ceiling views of the river valley. The building also features a salt-water pool.


banff condo

401 Marten St., Banff, Alta. (Photo: Century 21)

Cost: $410,000

Size: 903 sq.-ft.

Bedrooms: 2

Bathrooms: 1

What you get: This home was the only one listed in the area that even came close to $500,000 — most were well-above $1,000,000. The location is gorgeous, which is a boon because you likely won't want to spend much time in the slightly cramped kitchen and living room. At least the wood-burning fireplace makes it cozy.


canmore home for sale

1 200 Elk Run Boulevard, Canmore, Alta. (Photo: Sotheby's)

Cost: $485,000

Size: 1,760 sq.-ft.

Bedrooms: 2

Bathrooms: 2.5

What you get: This adorable townhouse backs right onto a trail system and is just a short walk from Cougar Creek. Plus, the basement can be rented out as a separate walk-out suite.

Red Deer

red deer home for sale

5334 42A Ave. Red Deer, Alta. (Photo: Point2 Homes)

Cost: $495,000

Size: 1,950 sq.-ft.

Bedrooms: 4

Bathrooms: 5

What you get: From the massive master bath and walk-through closet to the basement theatre room, it has plenty of appealing details that you won't find for this price in a bigger city.


lethbridge home for sale

523 Dieppe Boulevard, Lethbridge, Alta. (Photo: Point2 Homes)

Cost: $500,000

Size: 2,870 sq.-ft.

Bedrooms: 4

Bathrooms: 3

What you get: Some seriously spacious luxury. Granite countertops, hardwood floors and an office that looks bigger than some Calgary apartments.

St. Albert

st albert home for sale

26 Dufferin St., St. Albert, Alta. (Photo: Edmonton Real Estate)

Cost: $499,900

Size: 2,217 sq.-ft.

Bedrooms: 4

Bathrooms: 4

What you get: Not only is this place roomy, but it has an enormous backyard and deck. Perfect for summer patio parties.

Medicine Hat

medicine hat for sale

22 Palisades Lane N.E., Medicine Hat, Alta. (Photo: Point2 Homes)

Cost: $499,000

Size: 1,260 sq.-ft.

Bedrooms: 2

Bathrooms: 2

What you get: This condo is seriously luxurious. Giant picture windows provide a view of the river valley, while in-floor heating keeps things cozy. The master bathroom also offers a therapeutic air tub.

Fort McMurray

fort mcmurray home for sale

31 Poplar Crescent, Fort McMurray, Alta. (Photo: RE/MAX)

Cost: $500,000

Size: 662 sq.-ft.

Bedrooms: 2

Bathrooms: 1

What you get: Fort McMurray's once-expensive housing market saw a drop with the oil crash, but has since seen a slight resurgence, despite the wildfires. This home might be a bit snug and dated, but the massive, almost-commercial garage and huge yard make up for it.

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