Photo: Originally uploaded by Johntwrl (Transferred by Cloudbound ) · Public domainHomes in Elmwood are worth a median $352,000
The census of 2021 asked 595 owner households what their home was worth. No open sale prices are published in Alberta, so for Elmwood the census value is the measure. 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, Elmwood included.
Two ways to price a home in Elmwood
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $359K
- Owners
- 595
- 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).
On the assessment roll, Edmonton’s houses sit 30% above Alberta’s towns
In 2024, Edmonton had 347,170 residential properties on the roll, detached houses 61% of them and 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.
How Elmwood’s homes break down, by age and kind
Elmwood had 925 occupied homes at the 2021 census, 73% of them single-detached houses. Half or more were standing by 1980. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Elmwood | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 8% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 10% | 4% | 3% |
| Households in core housing need | 10% | 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.
Edmonton permitted 26 new homes a year per 1,000, above the 7.5 of Alberta’s towns
Some 10,205 homes a year: 61,232 in all were permitted in Edmonton from 2018 to 2023. About 32% went into single-unit buildings, where Alberta’s towns built 69%. Figures for monthly permits are published for the Edmonton metro area as a whole, not for Elmwood alone.
Most 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.
Elmwood 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 Elmwood: Callingwood South
The places around Elmwood at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Elmwood | $352K | $359K | 65% | |
| Patricia Heights | $600K | $633K | 76% | 0.9 |
| West Meadowlark Park | $348K | $292K | 60% | 1.1 |
| Lynnwood | $412K | $410K | 50% | 1.1 |
| Meadowlark Park | $344K | $344K | 84% | 1.3 |
| Thorncliff | $348K | $310K | 47% | 1.3 |
| Callingwood South | $200K | $219K | 28% | 1.8 |
Census 2021 values; km.
Questions about property prices in Elmwood
Is Elmwood expensive for Alberta?
On census values, Elmwood sits among the cheaper of Alberta’s towns (median $400,000).
How many households in Elmwood are in core housing need?
10% of Elmwood’s households, near the 8% of Alberta’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
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).