Photo: Wolfmum · CC BY-SA 4.0Cold Lake sits 25% below Alberta’s towns on home values
The 2021 census gives $300,000 as the median value; Alberta’s towns come to $400,000. These home values were given by owners themselves, in a census taken in May 2021. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Cold Lake.
One measure for Cold Lake: the census
The census is the only published value for these homes; beside it, the median of Alberta’s towns.
median, owners’ estimate
- Average
- $312K
- Owners
- 3,905
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A younger stock than most: 43% of Cold Lake’s homes went up after 2000 (Alberta’s towns: 24%)
At the 2021 census, 66% of Cold Lake’s 6,115 occupied homes were single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Cold Lake | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 9% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 7% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Cold Lake is cheaper than most of Alberta’s towns: 25% under their $400,000 median
478 of Alberta’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Cold Lake: Elk Point
Next to Cold Lake: 2021 census values and the share of owners. Cold Lake has few close neighbours with figures, so the list reaches 32–75 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cold Lake | $300K | $312K | 64% | |
| Bonnyville No. 87 | $400K | $429K | 90% | 31.6 |
| Bonnyville | $310K | $315K | 60% | 39 |
| Beaver River No. 622 | $310K | $336K | 91% | 61.4 |
| Elk Point | $250K | $250K | 65% | 75.1 |
Census 2021 values; km.
Questions about property prices in Cold Lake
Is Cold Lake expensive for Alberta?
On census values, Cold Lake sits among the cheaper of Alberta’s towns (median $400,000).
How many households in Cold Lake are in core housing need?
In line with Alberta’s towns (8%): 7% in Cold Lake, counting the households whose home falls short on cost, size or repair.
Sources: Statistics Canada, Census of Population 2021. Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).