A home in Lee Ridge is worth 25% less than the middle of Alberta’s towns
Owners put the median home at $300,000 at the 2021 census; for Alberta’s towns the median is $400,000. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Lee Ridge.
What Lee Ridge’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. Nobody publishes assessed values, values by property type and building permits for Lee Ridge alone, so this card uses the figure for the city of Edmonton.
median, owners’ estimate
- Average
- $292K
- Owners
- 665
- 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.
More need than most: 15% of households in Lee Ridge (Alberta’s towns: 8%)
Of the 1,010 homes people lived in across Lee Ridge at the 2021 census, 36% were single-detached houses. The older half dates from before 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
| Lee Ridge | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 30% | 15% | 8% |
| Needing major repairs | 7% | 5% | 6% |
| Too small for the household | 14% | 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.
26 new homes a year per 1,000 in Edmonton: more than Alberta’s towns (7.5)
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
21,179 new homes in the 12 months to August 2026, down 15% on the year before
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
Lee Ridge 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 Lee Ridge: Hillview
The places around Lee Ridge at the 2021 census: median and average value, and how many own.
Questions about property prices in Lee Ridge
Is Lee Ridge expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Lee Ridge’s is worth less.
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).