Lloydminster is a unique city that straddles the Alberta-Saskatchewan border, making it the only border city in Canada. It has a population of approximately 32,000 and is located just 250km from Edmonton, the capital city of Alberta. The city boasts an affordable cost of living and a thriving economy, making it an ideal location for families to call home.
Are you looking for a place to call home that offers a great quality of life, strong community spirit, and affordable housing prices? Look no further than Lloydminster, Alberta.
Lloydminster is a unique city that straddles the Alberta-Saskatchewan border, making it the only border city in Canada. It has a population of approximately 32,000 and is located just 250km from Edmonton, the capital city of Alberta. The city boasts an affordable cost of living and a thriving economy, making it an ideal location for families to call home.
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Real Estate Trends in Lloydminster, Alberta
Lloydminster’s September 2026 housing market offered buyers a range of price points, from smaller starter homes to larger family properties. According to the Zolo Lloydminster housing market report, the average sold price was $333,235 for the reporting period from September 1 to September 29, 2026.
The supplied report recorded 52 home sales and 119 new listings during that period. Properties sold for approximately 97 percent of their asking price, suggesting some negotiating room for buyers depending on the property and its initial pricing.
Detached homes averaged approximately $357,000, down 4 percent compared with the same period a year earlier. Prices differed substantially by home size: three-bedroom detached properties averaged $276,000, four-bedroom homes averaged $396,000, and five-bedroom homes averaged $415,000.
Detached sales increased 52 percent year over year to 44 transactions. The supplied report also showed 100 active detached listings, giving buyers a selection of homes to compare by location, condition and layout.
For people planning to establish themselves on the Alberta-Saskatchewan border, these price points provide several starting places for a home search. A smaller property may bring ownership within reach sooner, while households needing additional space can assess larger homes against their budget.
Rent-to-own in Lloydminster adds another option for buyers who have reliable income but need time to improve their credit or build their down payment. It allows eligible applicants to choose a home while preparing for the financing needed to purchase it.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
Lloydminster is located on the border of Alberta and Saskatchewan, making it a strategic location for transportation and logistics. The city is well-connected to major highways and rail lines, providing easy access to major urban centers and markets across Western Canada.
Highways
The Yellowhead Highway (Hwy 16) runs through Lloydminster, connecting it to major cities like Edmonton and Saskatoon. The city is also connected to Highway 17, which runs east to west and provides access to other smaller communities in the area.
Public Transit
Local transportation in Lloydminster includes taxi services and community transportation programs. Although the city does not currently operate a public bus network, residents have options for getting to appointments, shopping and other destinations. Border City Connects provides accessible transportation for people with mobility challenges and other transportation needs.
The City’s Seniors Taxi Program helps residents aged 65 and older reduce transportation costs through vouchers for eligible trips within city limits. These vouchers are accepted by participating taxi companies and Border City Connects.
Airports
Lloydminster Airport is a regional airport that serves the city and the surrounding area. The airport is located on the Alberta side of the border and has a 5,000-foot runway, which can accommodate a range of aircraft. The airport offers services such as fueling, hangar rentals, and flight training.
The nearest major international airport is the Edmonton International Airport, which is approximately 220 km away from Lloydminster. The airport serves over 60 airlines and offers both domestic and international flights to destinations around the world.
Rail
Lloydminster is served by both the Canadian Pacific Railway (CPR) and the Canadian National Railway (CN). The railways provide freight services and are an essential link for businesses that rely on transportation for their operations.
Overall, Lloydminster has a robust transportation system that provides easy access to major highways, railways, and airports. Whether you are commuting within the city or traveling to other parts of Western Canada, there are several options available to meet your transportation needs.
Economy in Lloydminster
The economy of Lloydminster is diverse, with several industries contributing to its growth and development.
Agriculture
As with many Prairie cities, agriculture plays a vital role in Lloydminster's economy. The region is known for its production of wheat, canola, barley, and other grains. The city also has several cattle ranches, and livestock production is a significant contributor to the local economy.
Oil and Gas
Given its proximity to Alberta and Saskatchewan, which are two of the largest oil and gas producing provinces in Canada, Lloydminster has several oil and gas companies that operate in the region, contributing to the city's economy.
Mining
Lloydminster is also home to several mining operations, including coal and precious metal mining. The region has significant deposits of coal, gold, and diamonds, making it a significant contributor to the local economy.
Manufacturing
The city has several manufacturing companies that produce a wide range of products, including machinery, equipment, and food products. These businesses contribute to the local economy by providing jobs and contributing to the tax base.
Overall, the economy of Lloydminster is diverse and continues to grow and develop. The city's strategic location, natural resources, and well-developed infrastructure make it an attractive destination for businesses and investors looking to establish or expand their operations.
Education in Lloydminster
Education is an essential aspect of Lloydminster's community, with several educational opportunities available to children, youth, and adults.
Schools
The Lloydminster Public School Division and the Lloydminster Catholic School Division provide K-12 education to students in the city. Both school systems offer a variety of programs and services to meet the diverse needs of students. The schools provide a range of extracurricular activities, including sports, music, and arts programs, to promote holistic development.
Post-Secondary Education
Lloydminster is home to a Lakeland College campus, giving residents access to post-secondary education and career training within the city. The campus features science and healthcare labs, an Energy Centre, a library and recreational facilities. Students can also pursue university transfer and degree pathways through Lakeland’s partnerships, allowing them to continue their education while remaining in Lloydminster. Additional programs are available at the college’s Vermilion campus.
Continuing Education
Lloydminster offers several continuing education options for adults, including vocational and trade schools, private career colleges, and adult education centers. These institutions provide training and education for specific careers and industries, such as healthcare, welding, and accounting. Many programs offer flexible schedules and online courses to accommodate the needs of working professionals.
Overall, the education system in Lloydminster is comprehensive, with a range of options available for students of all ages and educational backgrounds. Whether you are looking to enroll your child in K-12 education or pursue post-secondary education or continuing education, there are several opportunities available in the city and surrounding areas.
The Benefits of Rent to Own a Home in Lloydminster
Home to approximately 32,000 residents, Lloydminster combines a community atmosphere with services, shopping and educational opportunities on both sides of the Alberta-Saskatchewan border. Local schools, recreational facilities and Lakeland College’s Lloydminster campus make the city a practical place for families to establish long-term roots.
Rent-to-own helps connect that decision about where to live with a plan for becoming a homeowner. Through Requity Homes, you can move into a qualifying property and prepare to purchase it while already enjoying life in Lloydminster.
1. Start with a smaller initial deposit
Saving enough to buy a home can take time, particularly when you are also paying rent and managing household expenses. Requity Homes allows eligible clients to begin with an initial deposit as low as 2 percent of the home price, subject to a $5,000 minimum and approval.
That deposit contributes toward your future down payment. Your monthly payments also include a designated savings contribution, helping you make regular progress toward your purchase.
2. Choose a home that fits your household
Rent-to-own gives you the opportunity to select an eligible home within your approved shopping budget. You can focus on the features that matter to your daily life, such as enough bedrooms, proximity to schools or a convenient route to work.
Requity Homes purchases the approved property, allowing you to move in while completing the financial preparation needed for a mortgage.
3. Settle into Lloydminster before becoming the owner
Living in the home before purchasing it gives you firsthand experience of the property and neighbourhood. You can establish your routine, get to know nearby amenities and make connections in the community.
When you complete the purchase, you can remain in the home you have already settled into, without arranging another property search or household move.
4. Know your future purchase price
An ordinary rental agreement does not normally establish a price at which you can buy the property. With Requity Homes, the buyback pricing is agreed upon at the beginning of the program, including the scheduled annual increase.
Knowing those terms gives you a specific purchase target to prepare for. You can plan your savings around an agreed price instead of waiting to find out what the home might cost when you become mortgage-ready.
5. Build your credit while working toward a mortgage
The rental period also provides time to strengthen your financial profile. Requity Homes reports rent payments to credit bureaus such as Equifax at no additional charge, allowing consistent, on-time payments to help build your credit history.
Alongside saving for your down payment and managing existing debt, this creates a practical way to work toward future mortgage approval while living in your chosen home.
You can choose almost any move-in-ready home listed publicly or privately, as long as it meets our program criteria.
Eligible homes typically:
Are freehold single-family homes or townhouses
Are connected to municipal water and sewer
Are priced between $150,000 and $600,000
Are located in Alberta, Manitoba, Ontario, or Saskatchewan in communities with established municipal services and a population of 20,000 or more.
In some cases, newly built condo townhouses with reasonable condo fees may be approved. If approved, condo fees are added to your monthly payment.
Homes must be in good condition. Major systems such as roof, furnace, HVAC, and water heater should be within reasonable age limits. All properties are reviewed to confirm they meet our inspection and funding requirements.
We do not purchase rural properties, fixer-uppers, homes sold as-is, or properties with structural or safety concerns.
Once you are pre-qualified, you can tour homes with a partner agent or your own realtor and we will confirm eligibility before purchase.
Depending on the type of income, we will ask for different supporting documents to verify your income. Our goal is to make sure you can afford rent-to-own payments during the lease term.
Traditional employment (Hourly, Salaried or Commission)
Employment letter
Most recent pay stubs
Notice of assessment from the last two years
Bank statements for the past 6 months
Self-employed
Sole proprietorship
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Business bank statements for the last 6 months
GST returns if applicable
Incorporated
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Articles of Incorporation
Business bank statements for the last 6 months
Accountant prepared financial statements for the last 2 years
Corporate tax returns or CRA balance to verify corporate tax
GST returns if applicable
Pension & Disability Incomes
Proof that such payments are expected to be longer than three years
Alimony & Child Support
Proof that such payments have been made consistently in the past 6 months
What is the interest rate?
There is no interest rate during the rent-to-own term because this is not a mortgage.
When you are ready to buy the home, most clients get a mortgage from a lender to complete the purchase.
All content on this website, including but not limited to text, program structure, rent-to-own model descriptions, customer pathways, and proprietary frameworks, is the exclusive property of Requity Homes. Any reproduction, adaptation, or use of this content, in whole or in part, for commercial purposes without express written consent is strictly prohibited and may result in legal action.
As a realtor, mortgage broker, or Requity Homes ambassador, you can now help more community members achieve their homeownership goals while streamlining your workload. Partner with us to expand your impact and create success stories with less work.
Lloydminster is a unique city that straddles the Alberta-Saskatchewan border, making it the only border city in Canada. It has a population of approximately 32,000 and is located just 250km from Edmonton, the capital city of Alberta. The city boasts an affordable cost of living and a thriving economy, making it an ideal location for families to call home.
Are you looking for a place to call home that offers a great quality of life, strong community spirit, and affordable housing prices? Look no further than Lloydminster, Alberta.
Lloydminster is a unique city that straddles the Alberta-Saskatchewan border, making it the only border city in Canada. It has a population of approximately 32,000 and is located just 250km from Edmonton, the capital city of Alberta. The city boasts an affordable cost of living and a thriving economy, making it an ideal location for families to call home.
Pre-qualify for Rent-to-own Homes
See how much home you can afford. Get a free, personalized estimate in about two minutes.
Pre-qualifying is quick, free, and won't hurt your credit score.
Real Estate Trends in Lloydminster, Alberta
Lloydminster’s September 2026 housing market offered buyers a range of price points, from smaller starter homes to larger family properties. According to the Zolo Lloydminster housing market report, the average sold price was $333,235 for the reporting period from September 1 to September 29, 2026.
The supplied report recorded 52 home sales and 119 new listings during that period. Properties sold for approximately 97 percent of their asking price, suggesting some negotiating room for buyers depending on the property and its initial pricing.
Detached homes averaged approximately $357,000, down 4 percent compared with the same period a year earlier. Prices differed substantially by home size: three-bedroom detached properties averaged $276,000, four-bedroom homes averaged $396,000, and five-bedroom homes averaged $415,000.
Detached sales increased 52 percent year over year to 44 transactions. The supplied report also showed 100 active detached listings, giving buyers a selection of homes to compare by location, condition and layout.
For people planning to establish themselves on the Alberta-Saskatchewan border, these price points provide several starting places for a home search. A smaller property may bring ownership within reach sooner, while households needing additional space can assess larger homes against their budget.
Rent-to-own in Lloydminster adds another option for buyers who have reliable income but need time to improve their credit or build their down payment. It allows eligible applicants to choose a home while preparing for the financing needed to purchase it.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
Lloydminster is located on the border of Alberta and Saskatchewan, making it a strategic location for transportation and logistics. The city is well-connected to major highways and rail lines, providing easy access to major urban centers and markets across Western Canada.
Highways
The Yellowhead Highway (Hwy 16) runs through Lloydminster, connecting it to major cities like Edmonton and Saskatoon. The city is also connected to Highway 17, which runs east to west and provides access to other smaller communities in the area.
Public Transit
Local transportation in Lloydminster includes taxi services and community transportation programs. Although the city does not currently operate a public bus network, residents have options for getting to appointments, shopping and other destinations. Border City Connects provides accessible transportation for people with mobility challenges and other transportation needs.
The City’s Seniors Taxi Program helps residents aged 65 and older reduce transportation costs through vouchers for eligible trips within city limits. These vouchers are accepted by participating taxi companies and Border City Connects.
Airports
Lloydminster Airport is a regional airport that serves the city and the surrounding area. The airport is located on the Alberta side of the border and has a 5,000-foot runway, which can accommodate a range of aircraft. The airport offers services such as fueling, hangar rentals, and flight training.
The nearest major international airport is the Edmonton International Airport, which is approximately 220 km away from Lloydminster. The airport serves over 60 airlines and offers both domestic and international flights to destinations around the world.
Rail
Lloydminster is served by both the Canadian Pacific Railway (CPR) and the Canadian National Railway (CN). The railways provide freight services and are an essential link for businesses that rely on transportation for their operations.
Overall, Lloydminster has a robust transportation system that provides easy access to major highways, railways, and airports. Whether you are commuting within the city or traveling to other parts of Western Canada, there are several options available to meet your transportation needs.
Economy in Lloydminster
The economy of Lloydminster is diverse, with several industries contributing to its growth and development.
Agriculture
As with many Prairie cities, agriculture plays a vital role in Lloydminster's economy. The region is known for its production of wheat, canola, barley, and other grains. The city also has several cattle ranches, and livestock production is a significant contributor to the local economy.
Oil and Gas
Given its proximity to Alberta and Saskatchewan, which are two of the largest oil and gas producing provinces in Canada, Lloydminster has several oil and gas companies that operate in the region, contributing to the city's economy.
Mining
Lloydminster is also home to several mining operations, including coal and precious metal mining. The region has significant deposits of coal, gold, and diamonds, making it a significant contributor to the local economy.
Manufacturing
The city has several manufacturing companies that produce a wide range of products, including machinery, equipment, and food products. These businesses contribute to the local economy by providing jobs and contributing to the tax base.
Overall, the economy of Lloydminster is diverse and continues to grow and develop. The city's strategic location, natural resources, and well-developed infrastructure make it an attractive destination for businesses and investors looking to establish or expand their operations.
Education in Lloydminster
Education is an essential aspect of Lloydminster's community, with several educational opportunities available to children, youth, and adults.
Schools
The Lloydminster Public School Division and the Lloydminster Catholic School Division provide K-12 education to students in the city. Both school systems offer a variety of programs and services to meet the diverse needs of students. The schools provide a range of extracurricular activities, including sports, music, and arts programs, to promote holistic development.
Post-Secondary Education
Lloydminster is home to a Lakeland College campus, giving residents access to post-secondary education and career training within the city. The campus features science and healthcare labs, an Energy Centre, a library and recreational facilities. Students can also pursue university transfer and degree pathways through Lakeland’s partnerships, allowing them to continue their education while remaining in Lloydminster. Additional programs are available at the college’s Vermilion campus.
Continuing Education
Lloydminster offers several continuing education options for adults, including vocational and trade schools, private career colleges, and adult education centers. These institutions provide training and education for specific careers and industries, such as healthcare, welding, and accounting. Many programs offer flexible schedules and online courses to accommodate the needs of working professionals.
Overall, the education system in Lloydminster is comprehensive, with a range of options available for students of all ages and educational backgrounds. Whether you are looking to enroll your child in K-12 education or pursue post-secondary education or continuing education, there are several opportunities available in the city and surrounding areas.
The Benefits of Rent to Own a Home in Lloydminster
Home to approximately 32,000 residents, Lloydminster combines a community atmosphere with services, shopping and educational opportunities on both sides of the Alberta-Saskatchewan border. Local schools, recreational facilities and Lakeland College’s Lloydminster campus make the city a practical place for families to establish long-term roots.
Rent-to-own helps connect that decision about where to live with a plan for becoming a homeowner. Through Requity Homes, you can move into a qualifying property and prepare to purchase it while already enjoying life in Lloydminster.
1. Start with a smaller initial deposit
Saving enough to buy a home can take time, particularly when you are also paying rent and managing household expenses. Requity Homes allows eligible clients to begin with an initial deposit as low as 2 percent of the home price, subject to a $5,000 minimum and approval.
That deposit contributes toward your future down payment. Your monthly payments also include a designated savings contribution, helping you make regular progress toward your purchase.
2. Choose a home that fits your household
Rent-to-own gives you the opportunity to select an eligible home within your approved shopping budget. You can focus on the features that matter to your daily life, such as enough bedrooms, proximity to schools or a convenient route to work.
Requity Homes purchases the approved property, allowing you to move in while completing the financial preparation needed for a mortgage.
3. Settle into Lloydminster before becoming the owner
Living in the home before purchasing it gives you firsthand experience of the property and neighbourhood. You can establish your routine, get to know nearby amenities and make connections in the community.
When you complete the purchase, you can remain in the home you have already settled into, without arranging another property search or household move.
4. Know your future purchase price
An ordinary rental agreement does not normally establish a price at which you can buy the property. With Requity Homes, the buyback pricing is agreed upon at the beginning of the program, including the scheduled annual increase.
Knowing those terms gives you a specific purchase target to prepare for. You can plan your savings around an agreed price instead of waiting to find out what the home might cost when you become mortgage-ready.
5. Build your credit while working toward a mortgage
The rental period also provides time to strengthen your financial profile. Requity Homes reports rent payments to credit bureaus such as Equifax at no additional charge, allowing consistent, on-time payments to help build your credit history.
Alongside saving for your down payment and managing existing debt, this creates a practical way to work toward future mortgage approval while living in your chosen home.
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