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Renanza Realty
Market

Lakeland & Wood Buffalo real estate

The northeast — Fort McMurray, Cold Lake, Bonnyville and the Lakeland, where energy work and lake country meet.

Market snapshot

The Lakeland & Wood Buffalo market right now

Lakeland & Wood Buffalo currently has 961 active listings. Most homes for sale are priced between $70K and $719K, with a median around $285K. Detached houses make up the largest share of the market.

961
Active listings
961
For sale
$285K
Median list price
$70K–$719K
Typical range
$285
Median price / sq ft
92
Median days listed
42
New in last 7 days
2000
Median year built

Lakeland & Wood Buffalo prices by bedrooms

BedroomsActive listingsMedian asking price
118$183K
284$219K
3188$308K
4+307$485K

Across Lakeland & Wood Buffalo, the most listings are in Fort McMurray (311), Cold Lake (132), Rural Bonnyville M.D. (104), Lac La Biche (103), Rural St. Paul County (64) and Rural Athabasca County (56).

Figures reflect current active MLS® listings and update as the market moves.

Buying a home in Lakeland & Wood Buffalo

In Alberta, ask the seller for a current Real Property Report (RPR) with the municipality's compliance stamp — it confirms the house, garage and fences sit where they should. A home inspection and a review of the title for caveats round out the standard conditions.

Alberta has no land transfer tax — buyers pay land titles registration fees instead, which makes closing costs noticeably lower than in BC or Ontario. See our BC & Alberta closing costs checklist.

Common questions

Lakeland & Wood Buffalo real estate FAQs

How much does a home cost in Lakeland & Wood Buffalo?

The median asking price for homes currently for sale in Lakeland & Wood Buffalo is about $285,000, and most are listed between $70,000 and $719,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Lakeland & Wood Buffalo right now?

There are 961 active listings on this page's search, 42 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Lakeland & Wood Buffalo?

Median asking prices by bedroom count in Lakeland & Wood Buffalo right now — 1 bedroom: about $183,000; 2 bedrooms: about $219,000; 3 bedrooms: about $308,000; 4+ bedrooms: about $485,000. Based on 597 active listings.

What is the price per square foot for homes in Lakeland & Wood Buffalo?

The median asking price per square foot of living area is about $285 across homes currently listed in Lakeland & Wood Buffalo. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Lakeland & Wood Buffalo been on the market?

The typical active listing here first came on the market about 92 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Lakeland & Wood Buffalo?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Areas we cover

Communities across Lakeland

Buying or selling in Lakeland?

Start with a local conversation.

A Renanza agent who knows Lakeland will walk you through what's happening in the market and what your options are.

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