Lac La Biche Region » COST OF LIVING



For years, the lakes, beaches, forest, culture and history of the area have been a destination for thousands of visitors. And in recent years, many of those visits have turned into long-term stop-overs.

With so much lakeshore and beauty, many people are bringing their families to the region to set up a permanent footing. Rural subdivisions offering all the amenities of municipal living are popping up at record rates.

Lakeshore cabins and homes are very popular, and getaway retreats hidden deep in the boreal forest are the pride of many new families.

Local realtors and developers are ready to accommodate new residents, but it is the clean air, un-obstructed views and hospitable community which really do the selling.

Average Price of Homes

The current average purchase price of homes in the region is approximately $396,227, depending on the year the house was built, and the features it holds. On average a home costs $207 per square foot. For the most current pricing, listings, and more information on residential real estate we welcome you to contact our local real estate agents. One new development in our region is Diamond Ridge, just on the outskirts of the hamlet of Lac La Biche with competitive pricing for single-family dwellings.

Apartment Rentals

Currently in the hamlet of Lac La Biche there are a total of over 200 rental suites. The amenities and features range from modern apartments recently built, to older units that have been renovated. The vancancy of the suites is moderate, however with individuals purchasing homes and seasonal workers in our region, we welcome you to contact the local apartment managers or read the Lac La Biche Post’s Rental listings in the weekly newspaper for any private accommodation rentals.

Unit Types & Average Rental Cost

  • 1 Bedroom: $350 – $1,200 (average $878)
  • 2 Bedroom: $800 – $1,500 (average $1,097)
  • 3 Bedroom: $1,100 – $1,700 (average $1,181)

Based on Apartment Vacancy and Rental Cost Survey 2014 Report.