Photo: WinterE229 WinterforceMedia · CC0An old town: 49% of the homes in Montrose predate 1961, where Alberta’s towns have 5%
The 2021 census put the median home at $278,000, with an average of $285,237. These home values were given by owners themselves, in a census taken in May 2021. No sales are published for towns in Alberta, Montrose included, so owners’ values are the measure.
Two ways to price a home in Montrose
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $285K
- Owners
- 845
- 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). · Measured across the city of Edmonton: assessed values, values by property type and building permits
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.
Core housing need: 18% of Montrose’s households, where Alberta’s towns sit at 8%
Montrose had 1,470 occupied homes at the 2021 census, 66% of them single-detached houses. 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
| Montrose | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 6% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 8% | 4% | 3% |
| Households in core housing need | 18% | 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. 32% were single-unit buildings and the rest multi-unit ones, against 69% for Alberta’s towns. For monthly permits, the only official count covers all of the Edmonton metro area, Montrose included.
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.
Montrose against Alberta’s towns: 31% under the $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 Montrose: Belvedere
Next to Montrose: 2021 census values and the share of owners.
Questions about property prices in Montrose
Is Montrose expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Montrose’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).