Since 2001, Albany has built 99% of the homes it has today; Alberta’s towns, 24%
Going by owners’ own estimates in 2021, the typical home is worth $352,000, the average one $386,000. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what Albany’s homes actually sold for.
What Albany’s homes are worth, two ways
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $386K
- Owners
- 420
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH). · The assessed values, values by property type and building permits numbers here cover the city of Edmonton
On the assessment roll, Edmonton’s houses sit 30% above Alberta’s towns
Of Edmonton’s 347,170 residential properties on the 2024 roll, 61% are detached houses and 18% are condos.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
59% of Albany lives in apartments, where Alberta’s towns have 14%
The 2021 census counted 645 occupied homes in Albany. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Albany | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 47% | 15% | 8% |
| Needing major repairs | under 1% | 5% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 6% | 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.
Permits in Edmonton ran at 26 homes a year per 1,000, where Alberta’s towns ran at 7.5
Building permits added 61,232 homes in Edmonton between 2018 and 2023: some 10,205 a year. 32% were single-unit buildings and the rest multi-unit ones, against 69% for Alberta’s towns.
A peak in 2022: 12,256 new homes
New homes a year per 1,000 homes
Slowing: 21,179 new homes in the 12 months to August 2026, 15% fewer
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Data for monthly permits covers the Edmonton metro area
Albany against Alberta’s towns: 12% under the $400,000 median
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Albany: Dunluce
The places around Albany at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Albany | $352K | $386K | 66% | |
| Oxford | $400K | $423K | 85% | 1.4 |
| Carlton | $424K | $434K | 84% | 1.4 |
| Rapperswill | $420K | $441K | 94% | 1.5 |
| Dunluce | $324K | $301K | 65% | 1.8 |
| Canossa | $400K | $413K | 93% | 2.1 |
| Cumberland | $360K | $388K | 82% | 2.4 |
Census 2021 values; km.
Questions about property prices in Albany
How many households in Albany are in core housing need?
Below the norm for Alberta’s towns (8%): 6% in Albany, counting the households whose home falls short on cost, size or repair.
Is Albany expensive for Alberta?
On census values, Albany sits among the cheaper of Alberta’s towns (median $400,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). 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).