Photo: Khoshhat · CC BY-SA 4.0Since 2001, Cavanagh has built 75% of the homes it has today; Alberta’s towns, 24%
Owners valued the median home at $480,000 at the 2021 census, and the average at $491,534. No sale stands behind these values: owners named them at the census of May 2021. What homes sold for in Cavanagh isn’t public: no sale figures are released in Alberta.
Cavanagh’s homes, by two sources
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
- $492K
- Owners
- 2,295
- 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). · Assessed values, values by property type and building permits for the city of Edmonton
Houses in Edmonton carry assessments 30% over the middle of 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.
Condominiums are 26% of Cavanagh’s homes, against 15% for Alberta’s towns
At the 2021 census, 68% of Cavanagh’s 2,620 occupied homes were single-detached houses. 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
| Cavanagh | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 26% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 3% | 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.
Building ahead of Alberta’s towns: 26 new homes a year per 1,000 in Edmonton, against 7.5
Some 10,205 homes a year: 61,232 in all were permitted in Edmonton from 2018 to 2023. 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
Cavanagh is dearer than most of Alberta’s towns: 20% above their $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 Cavanagh: Rutherford, MacEwan and Callaghan
Next to Cavanagh: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cavanagh | $480K | $492K | 87% | |
| Rutherford | $352K | $386K | 68% | 1.3 |
| MacEwan | $400K | $353K | 58% | 1.5 |
| Callaghan | $448K | $499K | 54% | 2 |
| Twin Brooks | $500K | $515K | 93% | 2.2 |
| Bearspaw | $392K | $399K | 85% | 2.5 |
| Allard | $484K | $465K | 70% | 2.9 |
Census 2021 values; km.
Questions about property prices in Cavanagh
How many households in Cavanagh are in core housing need?
In Cavanagh, 6% of households are in core housing need, against 8% for Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is Cavanagh expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Cavanagh to more.
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).