Grande Prairie Housing Market Statistics
Searching for Grande Prairie housing market statistics in Grande Prairie on February 4, 7:52am? Trusted Grande Prairie Neighbourhood Experts community of Top Grande Prairie real estate agents provide comprehensive housing market reports, trends, prices and sales data. Our monthly analytics insights into the Grande Prairie housing market, including supply and demand, housing prices, and affordability.
We analyze Grande Prairie housing market statistics every 10 minutes, trends, declines, days on market and house values to give you a clear understanding of housing availability, prices, past sales, and relevant market data in Grande Prairie.
Frequently Asked Questions
As of January February 4, 7:52am the Grande Prairie Real Estate reports:
- Active properties for sale
- Highest priced property
- Lowest priced property
- Average price
Yes, Grande Prairie remains a strong sellers market with:
- Inventory: 1.5 months supply (balanced markets need 4-6)
- Sales-to-list ratio: 75% (above 60% indicates seller's market)
- Price reductions: Only 18% of listings reduce price
According to CREB's 2025 Q2 report, top areas by demand:
| Area | Price Range | Days on Market |
|---|---|---|
| Evanston (NW) | $500k-$700k | 9 |
| Auburn Bay (SE) | $600k-$900k | 11 |
| Bridgeland (Inner City) | $400k-$1.2M | 14 |
Despite Bank of Canada's 5% policy rate (September 2025):
- Calgary sales volume remains 12% above 5-year average
- 55% of buyers are opting for adjustable-rate mortgages
- New stress test rules allow 1% lower qualifying rate for insured mortgages
Alberta Programs:
- First Home Savings Account (FHSA): $8,000/year contribution limit
- Alberta Home Buyer Program: 5% shared equity (max $50,000)
- City of Calgary Rebates: Up to $5,000 for energy-efficient homes
- Reduced Transfer Tax: $0 on first $450,000 for homes under $600k
Market indicators suggest:
- Price forecast: CREB predicts 6-8% appreciation through 2025
- Rent vs Buy: Average mortgage payments now 15% cheaper than equivalent rents
- Construction: Only 2,800 new units expected in 2025 Grande Prairie area (demand for 5,000+)
Most analysts recommend buying if you plan to hold for 5+ years.
Beyond purchase price, budget for:
| Cost | Typical Range |
|---|---|
| Property Transfer Tax | $200-$5,000 |
| Home Inspection | $400-$700 |
| Legal Fees | $1,000-$2,500 |
| Property Tax Adjustment | 0.5-1.5% of home value |
Grande Prairie Housing Market Trends
The Grande Prairie housing market trends are influenced by economic conditions, interest rates, demographic shifts, and supply/demand dynamics. Recent years have seen low interest rates fueling demand and creating a seller's market with rising prices and limited inventory. The COVID-19 pandemic also shifted housing preferences toward larger homes and suburban/rural areas. These trends continue to evolve, making it important to monitor economic indicators and local market factors.
Grande Prairie Pre-Construction
Grande Prairie pre-construction developments such as condo, townhomes and detached homes available or coming soon in Grande Prairie Grande Prairie, Alberta. The prices for these developments range widely and the unit sizes also vary. Some developments have not yet released pricing details or begun accepting registrations. It is important to note that the completion dates, pricing, and deposit structure for these developments may be subject to change.
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Homes for Sale in Grande Prairie
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July 25 2024
New Incentives for Multi-Family Housing As part of the DIG Program, the Municipal Fee Rebate, now expanded to include secondary suites, multi-attached dwellings, and large-scale apartment...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 5/5
- Affordability: 5/5
July 25 2024
New Incentives for Multi-Family Housing As part of the DIG Program, the Municipal Fee Rebate, now expanded to include secondary suites, multi-attached dwellings, and large-scale apartment...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 5/5
- Affordability: 5/5
October 5 2023
Easing new listings coupled with the surge in September sales cause the sales-to-new-listings ratio to trend up again this month reaching 92 per cent. While the recent shift in sales was not enough...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 5/5
- Family Friendly: 5/5
- Affordability: 5/5
September 11 2023
With 127 sales and 156 new listings in August, the sales to new listings ratio pushed above 80 per cent, the first time we have seen that happen this year. This contributed to the pullback in...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 5/5
- Family Friendly: 5/5
- Affordability: 5/5
August 5 2023
Grande Prairie Real Estate & Housing Market Statistics Despite a pullback in both sales and new listings, inventories levels improved slightly compared to last month. Slower sales relative to...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 5/5
- Family Friendly: 0/5
- Affordability: 5/5
December 9 2022
Despite slower sales in November, year-to-date sales reached 1,370 units nearly three percent higher than last year’s levels. New listings also eased this month and inventories fell to 366 units, a...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
September 5 2022
Despite further pullback in sales this month, year-to-date sales activity remained over 12 percent higher than last year’s levels and above long-term trends of the city. At the same time new...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 5/5
- Affordability: 4/5
August 16 2022
Grande Prairie is a city in northwestern Alberta. The city of Grande Prairie was the seventh largest in Alberta in 2016, with a population of 63,166, and between 2001 and 2006, it was one of...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 4/5
- Affordability: 4/5
August 10 2022
Market Trend Summary July 2022 SALES 132 NEW LISTINGS 194 TOTAL RESIDENTIAL AVERAGE PRICE $ 328,238 5.1% Y/Y 16.6% 10.0% INVENTORY 2.1% DETACHED AVERAGE PRICE $ 354,772 2.4% Y/Y City of Grande...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 3/5
- Affordability: 4/5
July 28 2022
Single Detached Grande Prairie Single detached home sales were up from year-ago levels in price ranges from $300K-$400K but declined in all others in the first quarter of 2022. The market for...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 5/5
- Affordability: 4/5
July 8 2022
Grande Prairie Housing Market Statistics Sales in June eased relative to levels achieved over the past few months and last year’s activity. While sales have eased, they remain above long-term...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 4/5
- Affordability: 2/5
June 11 2022
Strong sales persisted into May causing year-to-date sales to rise to the highest levels seen since 2014. Thanks to several announcements regarding large geothermal and petrochemical investments,...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 4/5
- Affordability: 4/5
May 4 2022
Grande Prairie Real Estate & Housing Market Statistics April continued to experience strong sales activity pushing year-to-date sales to 553 homes, an 18 percent gain over last year and the best...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 4/5
- Affordability: 4/5
April 8 2022
Grande Prairie real estate did not face the same type of supply challenges last year as some of the centres in the province. However, slower listings growth in both the fourth quarter of last year...
Read More- Schools: 4/5
- Transit: 3/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
February 25 2022
January sales improved to levels that were relatively consistent with long-term trends. At the same time, with 131 new listings in January, levels were far lower than what we saw last year and what...
Read More- Schools: 4/5
- Transit: 3/5
- Market: 5/5
- Safety: 3/5
- Family Friendly: 4/5
- Affordability: 4/5
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