Property Prices in Red Deer, Canada

Index Info
Price to Income Ratio: 4.69
Mortgage as Percentage of Income: 39.66%
Loan Affordability Index: 2.52
Price to Rent Ratio - City Centre: 12.97
Price to Rent Ratio - Outside of Centre: 14.88
Gross Rental Yield (City Centre): 7.71%
Gross Rental Yield (Outside of Centre): 6.72%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 1,491.25 C$ 1,300.00-1,600.00
1 Bedroom Apartment Outside of City Centre 1,315.00 C$ 1,190.00-1,400.00
3 Bedroom Apartment in City Centre 2,180.00 C$ 2,090.00-2,250.00
3 Bedroom Apartment Outside of City Centre 1,866.67 C$ 1,700.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 359.00 C$ 359.00-359.00
Price per Square Feet to Buy Apartment Outside of Centre 359.00 C$ 359.00-359.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,121.23 C$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.80 4.45-6.90

These data are based on 42 entries from 6 contributors over the past 18 months.
Last update: 2 March 2026

Sources and References
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