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Average home prices

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Home Prices

Apartment Rental Rates - Fort McMurray
Damage Deposit is usually one month's rent
Average ($/month)
October 2010
October 2011
Bachelor suite
$1,405
$1,406
1 Bedroom
$1,792
$1,694
2 Bedroom
$2,210
$2,049
3 Bedroom
$2,525
$2,270
Fort McMurray Apartment Vacancy Rate October 2011: 3.4%
(compared to October 2010 at 4.6%, apartment vacancy rates have decreased.)
Information courtesy of the Canada Mortgage and Housing Corporation, Rental Market Report, Alberta Highlights, Fall 2011.
Click here for a short report about housing affordability in Fort McMurray
.

Note: new average rental price data is available twice per year.
For more information and analysis of the rental market see the Wood Buffalo Economic Update report.

Average Housing Prices in Fort McMurray
Type of Home
Dec 2010
Nov 2011
Dec 2011
Single Family
$685,970
$755,181
$729,092
Multi Family
$419,422
$408,005
$387,244
Duplex
$443,786
$512,235
$550,983
Mobile Home*
$41,500
Mobile Home/Land
$387,923
$449,015
$436,993
Information courtesy of the Fort McMurray Real Estate Board
For monthly details see the Wood Buffalo Economic Update Report

Note: average home prices are available monthly.

* Mobile Home prices vary greatly because few are sold, making the average fluctuate.

Average selling price of a single-family dwelling**:

  • Decreased 3.5% from Nov 2011 to Dec 2011
  • Increased 6.3% from Dec 2010 to Dec 2011
  • Average selling price for 2007 was $588,633
  • Average selling price for 2008 was $682,149
  • Average selling price for 2009 was $634,332
  • Average selling price for 2010 was $676,047
  • Average selling price for 2011 was $734,294

**Average price = total value divided by total number sold

Rooms for Rent in Fort McMurray

Average cost (may include utilities and usually furnished) ranges from $600 to $1,100 per month, but are usually found around $850 to $950 per month for a furnished room in a house. Some rentals are for room and board, and most include use of a shared kitchen and/or living space. Find rooms for rent in the classifieds of the Fort McMurray Today newspaper Classifieds.

Motels and Hotels in Fort McMurray

1 room/1 person (without tax) ranges from $140 to $300 per night
Hotels and motels fill up quickly during busy times (e.g. plant turnarounds or maintenance shutdowns) and you may have to book months in advance. Reservations are recommended.

RV Parks in Fort McMurray

Cost per day ranges from $25 to $40. Most serviced spots are $33 to $38 per night, or $1,000 to $1,200 per month. Prices range with services provided. Length of stay is limited at recreational parks. Not all services (e.g. sewer) are available year-round. Serviced spots are not always avaiable.

Search under Visitor Services at Fort McMurray Tourism for more information on hotels, motels or RV parks in Fort McMurray, or call (800) 565-3947 for more information.

 

PDF version of the Accommodation Information

 

PDF version of Yearly Average Home Prices Graph

 

 
 
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