Photo: SounderBruce · CC BY-SA 4.0In Garneau, the average home is worth 56% more than the median one
Census values for 2021: a median of $480,000 and an average of $750,248. Those values come from owners at the 2021 census and predate the prices of the years since. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Garneau.
Two ways to price a home in Garneau
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
- $750K
- Owners
- 1,210
- 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). · The assessed values, values by property type and building permits numbers here cover the city of Edmonton
Houses in Edmonton carry assessments 30% over the middle of Alberta’s towns
Assessors listed 347,170 residential properties in Edmonton for 2024, 61% of them detached houses and 18% 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.
77% of Garneau lives in apartments, where Alberta’s towns have 14%
Garneau had 4,615 occupied homes at the 2021 census. The older half dates from before 1981. 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
| Garneau | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 29% | 15% | 8% |
| Needing major repairs | 8% | 5% | 6% |
| Too small for the household | 6% | 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.
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. 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
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 published for the Edmonton metro area, not by town
Garneau 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 Garneau: Queen Alexandra, Allendale and Downtown
Next to Garneau: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Garneau | $480K | $750K | 26% | |
| Queen Alexandra | $380K | $423K | 26% | 1 |
| McKernan | $600K | $670K | 52% | 1.1 |
| Strathcona | $456K | $501K | 31% | 1.7 |
| Belgravia | $750K | $770K | 72% | 1.9 |
| Allendale | $428K | $478K | 45% | 2.2 |
| Downtown | $332K | $366K | 28% | 2.4 |
Census 2021 values; km.
Questions about property prices in Garneau
How many households in Garneau are in core housing need?
Above the norm for Alberta’s towns (8%): 15% in Garneau, counting the households whose home falls short on cost, size or repair.
Is Garneau expensive for Alberta?
Above the norm for Alberta’s towns, whose median home is worth $400,000; Garneau’s is worth 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).