Cheap Houses and Condos for Sale in Grande Prairie

Prices from $15,900 CAD to $199,900 CAD Listings last updated 07/20/2018

Cheap Homes in Grande Prairie

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Finding cheap houses for sale in Grande Prairie, AB

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There are 92 cheap houses for sale in Grande Prairie, AB

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CITY GUIDE
Grande Prairie, Alberta

The largest city in Alberta north of Edmonton, Grande Prairie is located in the northwest of the province and is known for its incredible outdoor recreation, culture, and natural resources. The city has a population of approximately 63,000 and covers an area of 132 sq. km. Grande Prairie is around 450km from Edmonton and it’s one of the main hubs in northwest Alberta. The city sits at an elevation of 670m but is generally quite flat with the exception of the Rockies to the south. It has a northern continental climate which includes very cold and snowy winters, with the average temperature in January hitting -15°C, and fairly mild summers with a lot of sunshine but an average of around 20°C.

Grande Prairie boasts a diversified economy with the primary industries being oil and gas, agriculture, and forestry. The city is in a stable position and offers high wages, a low cost of living, along with affordable real estate. It also embraces new businesses and innovation and the potential for growth is huge. Grande Prairie is also a haven for those who enjoy outdoor recreation and it’s especially popular for hunting and fishing. There is an abundance of wildlife, from bears and moose to different types of fish, as well as more urban amenities such as art galleries, shopping centres, and farmer’s markets. The Grande Prairie Stampede is one of the city’s main events which involves plenty of races and rodeo events. Golfing, cross-country skiing, hiking and cycling are also very popular. In terms of transport, the city is served by an airport and major highways connecting it to other cities in Alberta and British Columbia.

The population in Grande Prairie has grown significantly in the last decade, and is made up primarily of those of European descent, as well as Aboriginals (10%) and visible minorities (6%). The mother tongue language is primarily English.

Grande Prairie, Alberta

Grande Prairie, Alberta
real estate market overview

Real Estate Market Overview

Despite a downturn in the oil and gas sector due to lower oil prices, Grande Prairie’s real estate market remains relatively stable with low prices and good value for money. Sales are up in the city year-on-year and the average housing price is $281,000. Real estate sales have dipped in recent years due to job layoffs; however, employment levels have increased in other sectors such as educational services and healthcare, and the housing market is gradually regaining strength.

Migration to the area due to its quality of living, jobs and affordability will also support its housing market and new-builds. It’s currently a buyer’s market due to great housing prices; and with a good level of inventory, there is a lot of choice and many properties to choose from. It’s thought that the market will strengthen in the next few years so now is a great time to purchase property whether you’re looking to invest or purchase a home. The buyer market consists of both locals and people migrating to the area to work, especially in healthcare.

Grande Prairie has 16 main neighbourhoods and the most common types of homes are single-detached properties and low-rise apartments.

real estate market overview

Affordable Real Estate Market Overview

Property is very affordable in Grande Prairie and the city offers an excellent quality of life along with high wages, disposable income and low housing/rental costs. Single-family homes can be found for as little as $45,000 in areas such as Southview, which is a lovely neighbourhood and perfect for families and first-time buyers.

It also has easy access to Bear Creek and the trails around the river. Detached homes priced up to and around $150,000 can be found in areas such as Hillside, Creekside, College Park and Avondale.

cheap real estate market overview