The middle home in Belmead is valued at $400,000
The census of 2021 asked 920 owner households what their home was worth. For Belmead there is no published sale price, as for every town in Alberta. The 2024 property assessment puts the median residential property at $360,000. Belmead doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Edmonton.
What Belmead’s homes are worth, two ways
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up.
median, owners’ estimate
- Average
- $337K
- Owners
- 920
- 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).
Edmonton’s detached houses are assessed 30% above the median 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.
32% of Belmead’s homes are condos, where Alberta’s towns have 15%
The 2021 census counted 1,420 occupied homes in Belmead; 43% of them are single-detached houses. At least half predate 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
| Belmead | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 32% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 5% | 4% | 3% |
| Households in core housing need | 9% | 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.
Building ahead of Alberta’s towns: 26 new homes a year per 1,000 in Edmonton, against 7.5
From 2018 to 2023, permits in Edmonton created 61,232 homes, about 10,205 a year. Single-unit buildings took 32%, the rest buildings of two or more, against 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
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. · Monthly permits published for the Edmonton metro area, not by town
Belmead sits close to the $400,000 median of Alberta’s towns
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 Belmead: La Perle, Thorncliff and West Meadowlark Park
The places around Belmead at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Belmead | $400K | $337K | 65% | |
| Aldergrove | $400K | $365K | 63% | 0.7 |
| La Perle | $250K | $293K | 74% | 0.9 |
| Thorncliff | $348K | $310K | 47% | 1.5 |
| West Meadowlark Park | $348K | $292K | 60% | 1.8 |
| Lymburn | $356K | $348K | 70% | 2.3 |
| Elmwood | $352K | $359K | 65% | 2.6 |
Census 2021 values; km.
Questions about property prices in Belmead
How many households in Belmead are in core housing need?
Statistics Canada puts 9% of Belmead’s households in core housing need, much as for Alberta’s towns (8%).
Is Belmead expensive for Alberta?
About average: Belmead’s census median is close to the $400,000 of Alberta’s towns.
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).