Owners in Bannerman value their homes 29% below the median of Alberta’s towns
In figures: $286,000 for the median home in 2021, $400,000 for the middle of Alberta’s towns. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what Bannerman’s homes actually sold for. On the 2024 assessment, the middle residential property is valued at $360,000. For assessed values, values by property type and building permits, the only official count covers all of the city of Edmonton, Bannerman included.
What Bannerman’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. Owners gave those values at the May 2021 census; they are estimates, and older than today’s prices.
median, owners’ estimate
- Average
- $271K
- Owners
- 1,295
- 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).
Houses in Edmonton carry assessments 30% over the middle of Alberta’s towns
Detached houses account for 61% of the 347,170 properties on Edmonton’s 2024 roll; condos for 18%.
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.
40% of Bannerman’s homes are condos, where Alberta’s towns have 15%
At the 2021 census, 43% of Bannerman’s 2,005 occupied homes were row houses. The older half dates from before 1981. 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
| Bannerman | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 40% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 15% | 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.
26 new homes a year per 1,000 in Edmonton: more than Alberta’s towns (7.5)
From 2018 to 2023, permits in Edmonton created 61,232 homes, about 10,205 a year. The mix: 32% in single-unit buildings, beside 69% for Alberta’s towns.
The busiest year: 2022, with 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
Source area for monthly permits: the Edmonton metro area
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.
Bannerman against Alberta’s towns: 29% under the $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.
Bannerman’s neighbours by home value
Next to Bannerman: 2021 census values and the share of owners.
Questions about property prices in Bannerman
How many households in Bannerman are in core housing need?
Statistics Canada puts 15% of Bannerman’s households in core housing need, a higher share than the 8% of Alberta’s towns.
Is Bannerman expensive for Alberta?
On census values, Bannerman 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).