Photo: Mack Male from Edmonton, AB, Canada · CC BY-SA 2.0A median $388,000: what owners say homes in King Edward Park are worth
That figure comes from 2,710 owner households at the 2021 census. There is no public record of sale prices in Alberta, which leaves the census value as the guide for King Edward Park. The 2024 property assessment puts the median residential property at $360,000. Behind assessed values, values by property type and building permits sits data gathered across the city of Edmonton, with King Edward Park one part of it.
Two ways to price a home in King Edward Park
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $307K
- Owners
- 2,710
- 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).
Houses in Edmonton carry assessments 30% over the middle of 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.
Major repairs needed: 9% of the homes in King Edward Park, where Alberta’s towns have 5%
King Edward Park had 4,065 occupied homes at the 2021 census, 45% of them single-detached houses. Half went up before 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| King Edward Park | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 11% | 15% | 8% |
| Needing major repairs | 9% | 5% | 6% |
| Too small for the household | 1% | 4% | 3% |
| Households in core housing need | 9% | 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
Building permits added 61,232 homes in Edmonton between 2018 and 2023: some 10,205 a 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
Down 15%: 21,179 new homes in the year to August 2026
Source area for monthly permits: the Edmonton metro area
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.
King Edward Park sits close to the $400,000 median of Alberta’s towns
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.
King Edward Park’s neighbours by home value
Next to King Edward Park: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| King Edward Park | $388K | $307K | 67% | |
| Avonmore | $400K | $412K | 76% | 1.5 |
| Ottewell | $420K | $419K | 69% | 1.9 |
| Holyrood | $428K | $473K | 61% | 2 |
| Bonnie Doon | $400K | $492K | 53% | 2.2 |
| Ritchie | $380K | $446K | 53% | 2.7 |
| Hazeldean | $400K | $442K | 59% | 2.9 |
Census 2021 values; km.
Questions about property prices in King Edward Park
How many households in King Edward Park are in core housing need?
About as many as elsewhere: 9% of households in King Edward Park, where Alberta’s towns sit at 8%.
Is King Edward Park expensive for Alberta?
King Edward Park is close to the norm for Alberta’s towns, whose median home is worth $400,000.
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).