Photo: Simon Law from Montréal, QC, Canada · CC BY-SA 2.0An apartment town: 96% of Downtown’s homes, against 14% across Alberta’s towns
The middle home was worth $332,000 at the 2021 census, the average $365,590. These home values were given by owners themselves, in a census taken in May 2021. No sales are published for towns in Alberta, Downtown included, so owners’ values are the measure.
Two ways to price a home in Downtown
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $366K
- Owners
- 2,290
- 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). · Source area for assessed values, values by property type and building permits: the city of Edmonton
A detached house in Edmonton is assessed 30% higher than across Alberta’s towns
The 2024 assessment roll counts 347,170 homes in Edmonton: detached houses make 61% of them, condos 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.
More condos than most: 53% of the homes in Downtown (Alberta’s towns: 15%)
At the 2021 census, Downtown had 8,290 homes with someone living in them. The older half dates from before 2001. 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
| Downtown | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 53% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 5% | 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.
Permits in Edmonton ran at 26 homes a year per 1,000, where Alberta’s towns ran at 7.5
Some 10,205 homes a year: 61,232 in all were permitted in Edmonton from 2018 to 2023. 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
Down 15%: 21,179 new homes in the year to August 2026
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: one figure for all of the Edmonton metro area
Downtown against Alberta’s towns: 17% 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.
Lower values near Downtown: Central McDougall, Wîhkwêntôwin and Queen Mary Park
Next to Downtown: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Downtown | $332K | $366K | 28% | |
| Central McDougall | $194K | $261K | 12% | 1.6 |
| Wîhkwêntôwin | $246K | $329K | 30% | 1.6 |
| Strathcona | $456K | $501K | 31% | 1.8 |
| Riverdale | $496K | $561K | 49% | 1.8 |
| Queen Mary Park | $250K | $284K | 21% | 1.9 |
| Boyle Street | $180K | $271K | 13% | 2.1 |
Census 2021 values; km.
Questions about property prices in Downtown
How many households in Downtown are in core housing need?
More than most: 15% of households in Downtown, where Alberta’s towns sit at 8%.
Is Downtown expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Downtown’s is worth less.
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).