Half the owned homes in Richfield are valued above $324,000
540 owner households answered the census question on value in 2021. Those values come from owners at the 2021 census and predate the prices of the years since. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Richfield.
What Richfield’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.
median, owners’ estimate
- Average
- $317K
- Owners
- 540
- 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). · Not measured by town: assessed values, values by property type and building permits (the city of Edmonton)
Edmonton’s detached houses are assessed 30% above the median of Alberta’s towns
Assessors listed 347,170 residential properties in Edmonton for 2024, 61% of them detached houses and 18% 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.
13% of Richfield’s households are in core housing need, against 8% for Alberta’s towns
Richfield had 1,115 occupied homes at the 2021 census, 44% of them row houses. Half or more were standing by 1980. 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
| Richfield | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 24% | 15% | 8% |
| Needing major repairs | 7% | 5% | 6% |
| Too small for the household | 17% | 4% | 3% |
| Households in core housing need | 13% | 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. The mix: 32% in single-unit buildings, beside 69% for Alberta’s towns.
A peak 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. · Monthly permits: the Edmonton metro area
Richfield is 19% below 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.
Lower values near Richfield: Lee Ridge
Next to Richfield: 2021 census values and the share of owners.
Questions about property prices in Richfield
Is Richfield expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Richfield 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).