Owners in Fraser value their homes 25% below the median of Alberta’s towns
At the 2021 census the median home was worth $300,000, where Alberta’s towns sit at $400,000. What homes sold for in Fraser isn’t public: no sale figures are released in Alberta. The 2024 property assessment puts the median residential property at $360,000. Figures for assessed values, values by property type and building permits are published for the city of Edmonton as a whole, not for Fraser alone.
What Fraser’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. Those values come from owners at the 2021 census and predate the prices of the years since.
median, owners’ estimate
- Average
- $358K
- Owners
- 1,190
- 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
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.
More condos than most: 30% of the homes in Fraser (Alberta’s towns: 15%)
Fraser had 1,530 occupied homes at the 2021 census, 57% of them single-detached houses. The older half dates from before 2001. 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
| Fraser | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 30% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 6% | 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.
Building ahead of Alberta’s towns: 26 new homes a year per 1,000 in Edmonton, against 7.5
Building permits added 61,232 homes in Edmonton between 2018 and 2023: some 10,205 a year. Single-unit buildings took 32%, the rest buildings of two or more, against 69% for Alberta’s towns. For monthly permits, the only official count covers all of the Edmonton metro area, Fraser included.
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.
Fraser is cheaper than most of Alberta’s towns: 25% under 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 Fraser: Edmonton Energy And Technology Park and Clareview Town Centre
Next to Fraser: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Fraser | $300K | $358K | 77% | |
| Bannerman | $286K | $271K | 65% | 0.9 |
| Kirkness | $348K | $330K | 69% | 0.9 |
| Edmonton Energy And Technology Park | $220K | $281K | 76% | 1.3 |
| Kernohan | $320K | $307K | 85% | 1.8 |
| Miller | $324K | $345K | 79% | 2.2 |
| Clareview Town Centre | $276K | $238K | 44% | 2.4 |
Census 2021 values; km.
Questions about property prices in Fraser
Is Fraser expensive for Alberta?
No: Fraser’s census median is below the $400,000 of Alberta’s towns.
How many households in Fraser are in core housing need?
In line with Alberta’s towns (8%): 10% in Fraser, counting the households whose home falls short on cost, size or repair.
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).