Peace River Real Estate

Listings last updated 07/22/2021
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Real estate roundup: Peace River, AB housing market overview

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There are 140 houses for sale in Peace River, AB.

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Peace River, Alberta

Located in the northern portion of Alberta, Peace River covers 26.26 square kilometres near the communities of Weberville, Grimshaw, Three Creeks, and St. Isidore. The city of over 6,000 people is situated near the area where the Peace River and Smoky River meet, with the Peace River running through the centre of town.

A number of natural areas can be found south of the city, and multiple creeks are located in the area as well. Highways 2, 684, and 744 run through the city and connect it to other communities nearby. European settlers have been in the area since the late 1700s, with historical connections to the Hudson’s Bay Company.


Peace River, Alberta

Peace River, Alberta
  • Country: Canada

  • Province: Alberta

  • Population: 34,242

  • Area: 274.21 km2


Lifestyle and Culture

Schools, a recreation complex, a pool, churches, residential areas, parks, a few shops, a few restaurants, service providers, accommodations, and an industrial area can all be found in Peace River’s northern section.

In the central section of the city, there are residential areas, restaurants, shops, service providers, a conference centre, government offices, accommodations, a pool hall, a courthouse, parks, a mall, an amusement park, a post office, a movie theatre, churches, schools, a community hall, a recreation centre, a bus station, and a library.

The southern section of the city includes residential areas, a museum, parks, churches, a ski centre, a paintball course, and an industrial area.


Entertainment and Tourism

The Peace River Museum, Archives and Mackenzie Centre provides displays with numerous historical artifacts that tell the story of the area’s human and natural history. The museum also houses the local archives, with various documents and photographs that are available for visitors to view. An onsite gift shop offers unique giftware, works by local artists, local products such as tea and honey, and items related to the area’s culture and history. In the winter months, residents can enjoy the Misery Mountain Ski Area, which has a number of skiing and snowboarding trails for all skill levels. Equipment rentals and lifts are also available at the site.

Greene Valley Provincial Park, located south of the city, offers opportunities for hiking, wildlife viewing, birdwatching, and picnicking. The park is home to a variety of birds, as well as moose, mule deer, white-tailed deer, and black bears. The Heart River runs through the park, cutting through the boreal forest. Peace River Wildland Provincial Park, located southwest of the city, is a popular spot for hiking, biking, swimming, boating, canoeing/kayaking, horseback riding, camping, fishing, hunting, birdwatching, wildlife viewing, and a number of winter activities such as snowshoeing and dog sledding.

Entertainment and Tourism


The Government of Alberta is the largest employer in the city, with more than 15 departments located here. Resource extraction is also a major contributor to the local economy, and includes forestry, agriculture, and oil and gas. Other large industries in the city include healthcare, social services, manufacturing, professional services, construction, and tourism.

The Town of Peace River and the Peace River & District Chamber of Commerce both provide resources, support, and networking opportunities for the area’s business owners and investors.


Real Estate Market

The majority of the real estate available in the northern section of the city is low- to mid-priced single-family homes, as well as some condo options and row housing. High-priced vacant lots and industrial commercial spaces are also available in this section.

High-priced vacant land is also available in the central section of Peace River, and tends to be located along the edges of the city. Affordable condos are a popular option in this section, and there are also some mid-priced single-family homes. Commercial space is sometimes also available here.

Vacant land is most common in the southern section of the city, and comes at a variety of price points, depending on size. Mid-priced single-family homes can also be found here and are normally on large, rural-style lots.

Real Estate Market


Schooling options in Peace River include Peace River High School, Springfield School, T.A. Norris Middle School, Glenmary School, and Good Shepherd School. Nearby communities have other schooling options, including Lloyd Garrison School, Nampa Public School, Grimshaw Public School, and Peace Mennonite School.

Northern Lakes College is the only post-secondary option in Peace River, and offers programs in healthcare, trades, business, university preparation, human services, and professional development. Other options can be found outside of the city and include Grande Prairie Regional College and the Peace River Bible Institute.

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