What to Know Before Buying an Acreage in Alberta

What to know before buying an acreage in Alberta starts with understanding the current housing market landscape. According to RBC Economics’ latest report, housing affordability in Alberta has improved over the past seven quarters, making it an opportune time to consider that country property you’ve been dreaming about.

However, acreage ownership comes with unique considerations beyond typical home buying.

The Alberta Advantage

Alberta’s housing market remains one of Canada’s most affordable, with ownership costs well below the national average. This affordability extends to acreages, where buyers can find significant value compared to other provinces. With steady migration into Alberta and strong economic prospects, rural properties near Calgary, Edmonton, and other centres are attracting increased interest from families seeking space and lifestyle changes.

Key Considerations for Acreage Buyers

Water and Utilities: Unlike city homes, acreages often rely on well water and septic systems. Before purchasing, have the well tested for water quality and flow rate. Ensure the septic system is properly sized and maintained. These systems require ongoing maintenance and eventual replacement costs that urban homeowners never face.

Access and Maintenance: Year-round road access is crucial. Will your driveway be maintained in winter? Is it your responsibility or the county’s? Long driveways mean snow removal, grading, and potentially significant annual costs. Consider whether you’ll need equipment like a tractor or ATV for property maintenance.

Zoning and Land Use: Verify what activities are permitted on the property. Can you have livestock? How many animals? Are there restrictions on outbuildings or home-based businesses? County regulations vary widely across Alberta.

The Affordability Angle

While acreages typically cost more than urban homes, Alberta’s improved affordability metrics make rural living more accessible. However, remember that mortgage rates have stabilized, meaning the rapid affordability improvements of recent years are slowing. Factor in additional costs: higher insurance premiums, utility expenses, property maintenance, and potentially longer commutes.

Market Dynamics

Strong demand continues in Alberta’s acreage markets, particularly within 30-45 minutes of major centres. Limited inventory means desirable properties move quickly. With supply constraints and steady buyer interest, prices are expected to continue appreciating gradually.

Is Acreage Living Right for You?

The appeal is undeniable: space, privacy, and lifestyle freedom. But acreage ownership demands time, financial resources, and a DIY spirit. Budget for unexpected repairs, from well pumps to septic issues. Consider whether you’re prepared for increased self-reliance in everything from snow removal to property security.

Alberta’s current market conditions offer reasonable opportunities for acreage buyers, but the window of maximum affordability may be narrowing. Do your homework, work with experienced rural real estate professionals, and ensure you’re financially prepared for the full scope of country living.

Market data source: RBC Economics Housing Affordability Report, Q3 2025