Balanced Market
Mortgage Rates in Red Deer, AB
Red Deer is Alberta's third-largest city located midway between Calgary and Edmonton with a diversified economy and very affordable housing.
Avg Home Price
$340,000
Benchmark Price
$325,000
Year-Over-Year
↑ 3.2%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Red Deer
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Red Deer Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Red Deer is Alberta's third-largest city located midway between Calgary and Edmonton with a diversified economy and very affordable housing.
Land Transfer Tax — Red Deer
Red Deer has no land transfer tax.
Neighbourhoods in Red Deer
Oriole ParkTimberlandsClearview RidgeLaredoVanier Woods
Frequently Asked Questions
What is the average home price in Red Deer?
The average home price in Red Deer is approximately $340,000, making it one of Alberta's most affordable cities.
Is Red Deer between Calgary and Edmonton?
Yes — Red Deer is located approximately midway between Calgary (150km south) and Edmonton (150km north) on the QEII highway.
What is Red Deer's economy like?
Red Deer has a diversified economy including oil and gas services, agriculture, healthcare, retail, and manufacturing.
Is Red Deer real estate a good investment?
Red Deer offers strong rental yields and affordable entry prices. Its central location between two major cities supports stable demand.
Does Red Deer have a land transfer tax?
No — like all of Alberta, Red Deer has no land transfer tax.
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