Photo: Own work · CC BY-SA 3.0Before 1961 is when 39% of McKernan’s homes went up, beside 5% for Alberta’s towns
Census values for 2021: a median of $600,000 and an average of $670,312. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what McKernan’s homes actually sold for.
Two ways to price a home in McKernan
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. Nobody publishes assessed values, values by property type and building permits for McKernan alone, so this card uses the figure for the city of Edmonton.
median, owners’ estimate
- Average
- $670K
- Owners
- 640
- 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
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.
How McKernan’s homes break down, by age and kind
McKernan had 1,205 occupied homes at the 2021 census, 45% of them single-detached houses. 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
| McKernan | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 12% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 1% | 4% | 3% |
| Households in core housing need | 2% | 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
Edmonton issued permits for 61,232 new homes from 2018 to 2023, or about 10,205 a year. About 32% went into single-unit buildings, where Alberta’s towns built 69%. Behind monthly permits sits data gathered across the Edmonton metro area, with McKernan one part of it.
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
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.
McKernan is dearer than most of Alberta’s towns: 50% 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 McKernan: Queen Alexandra, Garneau and Allendale
The places around McKernan at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| McKernan | $600K | $670K | 52% | |
| Queen Alexandra | $380K | $423K | 26% | 0.8 |
| Belgravia | $750K | $770K | 72% | 1.1 |
| Garneau | $480K | $750K | 26% | 1.1 |
| Allendale | $428K | $478K | 45% | 1.3 |
| Malmo Plains | $460K | $473K | 64% | 2.3 |
| Strathcona | $456K | $501K | 31% | 2.3 |
Census 2021 values; km.
Questions about property prices in McKernan
How many households in McKernan are in core housing need?
Below the norm for Alberta’s towns (8%): 2% in McKernan, counting the households whose home falls short on cost, size or repair.
Is McKernan expensive for Alberta?
More than most: Alberta’s towns have a median of $400,000, and McKernan sits above 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).