Executive Summary
The Sylvan Lake, Alberta real estate market is currently classified as a seller's market. The median asking price is $450K, up 3.0% over the past 30 days.
There are currently 127 active listings. Inventory has increased 62.8% compared to last month.
Currently, listings spend an average of 44 days on market and the average price per square foot is $251.
Detached properties make up the largest share of the Sylvan Lake market at 88% of active listings with an average price of $696K. Condo listings follow at 12% (avg $311K).
Sales Activity & Absorption
Volume
Market Signals
49 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Downtown | 16 | $331K |
| Beju Industrial Park | 13 | $527K |
| Grayhawk | 10 | $560K |
| Iron Gate | 9 | $1.9M |
| Cottage Area | 8 | $626K |
| Lakeway Landing | 7 | $585K |
| Crestview | 6 | $549K |
| Ryders Ridge | 6 | $487K |
| Sixty West | 5 | $511K |
| Palo | 5 | $690K |
| Beacon Hill | 5 | $456K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a seller's market with strong demand and limited inventory. The Sylvan Lake market currently has 127 active listings with a median price of $450K.
- Prices rising (3% in 30 days)
- Low price reduction rate (0% of listings)
- Average price per square foot is $251
Market data is calculated from active and recently sold MLS listings as of February 28, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.