Homes in Kernohan are worth 20% less than the median of Alberta’s towns
Owners valued the median home at $320,000 in 2021, where the median of Alberta’s towns was $400,000. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Kernohan. Assessors valued the median residential property at $360,000 for 2024. For assessed values, values by property type and building permits, the only official count covers all of the city of Edmonton, Kernohan included.
What Kernohan’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. These home values were given by owners themselves, in a census taken in May 2021.
median, owners’ estimate
- Average
- $307K
- Owners
- 965
- 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
Detached houses account for 61% of the 347,170 properties on Edmonton’s 2024 roll; condos for 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.
33% of Kernohan’s homes are condos, where Alberta’s towns have 15%
The 2021 census counted 1,140 occupied homes in Kernohan; 62% of them are single-detached houses. At least half predate 1981. 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
| Kernohan | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 33% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 4% | 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
Over 2018–2023, 61,232 homes were permitted in Edmonton, close to 10,205 each year. The mix: 32% in single-unit buildings, beside 69% for Alberta’s towns.
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. · Not measured by town: monthly permits (the Edmonton metro area)
Kernohan is cheaper than most of Alberta’s towns: 20% 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 Kernohan: Belmont, Bannerman and Fraser
Next to Kernohan: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Kernohan | $320K | $307K | 85% | |
| Belmont | $290K | $287K | 68% | 0.8 |
| Bannerman | $286K | $271K | 65% | 1.1 |
| Overlanders | $348K | $325K | 36% | 1.4 |
| Fraser | $300K | $358K | 77% | 1.8 |
| Clareview Town Centre | $276K | $238K | 44% | 1.9 |
| Homesteader | $302K | $297K | 46% | 2.1 |
Census 2021 values; km.
Questions about property prices in Kernohan
How many households in Kernohan are in core housing need?
Fewer than most: 4% of households in Kernohan, where Alberta’s towns sit at 8%.
Is Kernohan expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Kernohan sits below it.
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).