Photo: Joningham · CC BY-SA 4.0Permits in Innisfail added just 2.5 homes a year for every 1,000, where Alberta’s towns added 7.5
Census values for 2021: a median of $300,000 and an average of $305,200. What homes sold for in Innisfail isn’t public: no sale figures are released in Alberta. Assessors valued the median residential property at $267,000 for 2024.
Two ways to price a home in Innisfail
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $305K
- Owners
- 2,360
- 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).
Innisfail’s detached houses are assessed 12% below the median of Alberta’s towns
Of Innisfail’s 2,940 residential properties on the 2024 roll, 75% are detached houses and 5% 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.
The homes of Innisfail, by period and type
Of the 3,355 homes people lived in across Innisfail at the 2021 census, 62% were single-detached houses. Half or more were standing by 2000.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Innisfail | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 8% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 3% | 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 Innisfail peaked in 2021: 20 new homes
Building permits added 44 homes in Innisfail between 2018 and 2022: some 9 a year. Houses dominate the permits, at 85% in single-unit buildings (Alberta’s towns: 69%).
New homes a year per 1,000 homes
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.
Innisfail against Alberta’s towns: 25% under the $400,000 median
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 Innisfail: Bowden
The places around Innisfail at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Innisfail | $300K | $305K | 70% | |
| Bowden | $210K | $215K | 75% | 11.1 |
| Penhold | $300K | $301K | 80% | 14.3 |
| Red Deer County | $496K | $529K | 88% | 18.3 |
Census 2021 values; km.
Questions about property prices in Innisfail
How many households in Innisfail are in core housing need?
Fewer than most: 3% of households in Innisfail, where Alberta’s towns sit at 8%.
Is Innisfail expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Innisfail’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).