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By Josh Hall | @Vancan19

average price up 20%

Housing starts and home price trends for October 2025 in Red Deer

Nov 19, 2025 | 3:03 PM

The cost of homes for sale in Red Deer is up 15 per cent from this time last year, according to the Alberta Real Estate Association (AREA).

That is for the average price of a detached home, which is $495,947.

A semi-detached home’s average price is $360,292, up 14 per cent; meanwhile a row house averages out at $297,731, up 15 per cent; and an apartment is running for an average of $233,403, up 11 per cent.

The average for all four types combined is $434,623, up 20 per cent.

ELSEWHERE: Average for all four types combined (change from 2024)

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• Calgary: $642,840 (up 4 per cent)
• Edmonton: $427,375 (up 2 per cent)
• Lethbridge: $418,165 (up 3 per cent)
• Medicine Hat: $395,195 (up 12 per cent)
• Grande Prairie: $361,471 (up 6 per cent)
• Fort McMurray: $346,973 (down 8 per cent)

There were a total of 197 new Red Deer listings in October, which is also up a staggering 30 per cent in comparison to October 2024.

Year-to-date numbers show the price of a detached home is up nine per cent, a semi-detached is up four per cent, a row home is up 17 per cent, and apartments are up nine per cent.

There have been 2,157 new listings for Red Deer this year, AREA reports, which is up six per cent year-over-year.

Additionally, reports AREA, there were 164 sales, out of the 197 new listings, meaning the sales-to-new listings ratio fell to 83 per cent.

They also note there is a 1.89 month supply of homes in Red Deer, which is above only Medicine Hat (1.39) and Grande Prairie (1.54); it is below Fort McMurray (3.73), Calgary (3.43), Edmonton (3.09), and Lethbridge (2.40).

Meanwhile, the Canada Mortgage Housing Corporation (CMHC) is reporting there were 21 single-detached starts in Red Deer in October — up from nine in October 2024. Looking at those same times, there were 22 of all types last month, and 13 a year ago, which is up 69 per cent.

“Both the six-month trend in housing starts and the SAAR were pushed lower in October by significantly lower monthly starts in Ontario and British Columbia,” said Tania Bourassa-Ochoa, CMHC’s deputy chief economist.

However, higher starts in markets like Montréal, Calgary, and Edmonton continue to keep national year-to-date elevated compared to the same period last year. While these results are generally reflective of investment decisions made months or even years ago, they also highlight persistent and significant regional contrasts in housing construction trends across the country.”

Year-to-date, there have been 117 single-detached starts, compared to 76 from January to October 2024. For all types, there have been 359 this year, compared to 327 last year.

ELSEWHERE: Year-to-date single-detached starts (2024 number), and all types of starts (2024 number) in October 2025:

Lethbridge, Alberta: 304 (213), 505 (624)

Chilliwack, British Columbia: 112 (127), 494 (409)

Calgary, Alberta: 5,776 (5,869), 23,951 (20,104)

Edmonton, Alberta: 5,805 (5,619), 17,989 (14,796)

Kamloops, British Columbia: 68 (78), 372 (334)

Nanaimo, British Columbia: 79 (137), 388 (814)

Guelph, Ontario: 27 (49), 153 (395)

Greater Sudbury, Ontario: 82 (89), 215 (156)

CMHC’s projections see Red Deer reaching 149 single-detached starts by end-of-year, which would be up from 140. For all types, Red Deer should hit 599, up from 2024’s 588.