Photo: Cszmurlo · CC BY 2.5An old town: 28% of the homes in Magrath predate 1961, where Alberta’s towns have 5%
Going by owners’ own estimates in 2021, the typical home is worth $300,000, the average one $326,000. What homes sold for in Magrath isn’t public: no sale figures are released in Alberta. The 2024 property assessment puts the median residential property at $283,000.
What Magrath’s homes are worth, two ways
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch.
median, owners’ estimate
- Average
- $326K
- Owners
- 635
- 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).
Detached houses make up 95% of Magrath’s residential properties
Detached houses account for 95% of the 785 properties on Magrath’s 2024 roll.
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.
89% of Magrath’s homes are detached houses, where Alberta’s towns have 64%
People lived in 815 homes in Magrath at the 2021 census.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Magrath | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 3% | 15% | 8% |
| Needing major repairs | 7% | 5% | 6% |
| Too small for the household | 5% | 4% | 3% |
| Households in core housing need | 9% | 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.
Magrath permitted 9.8 new homes a year per 1,000, above the 7.5 of Alberta’s towns
Some 8 homes a year: 48 in all were permitted in Magrath from 2018 to 2023. Single-unit buildings took 65% of them, where Alberta’s towns built 69%.
Most in 2023: 12 new homes
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.
Magrath 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 Magrath: Raymond
Next to Magrath: 2021 census values and the share of owners. Magrath has few close neighbours with figures, so the list reaches 16–35 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Magrath | $300K | $326K | 78% | |
| Raymond | $276K | $297K | 87% | 15.6 |
| Stirling | $308K | $310K | 87% | 26.1 |
| Lethbridge | $314K | $338K | 68% | 30.2 |
| Warner County No. 5 | $348K | $392K | 82% | 32.5 |
| Cardston County | $348K | $427K | 84% | 34.7 |
Census 2021 values; km.
Questions about property prices in Magrath
Is Magrath expensive for Alberta?
Cheaper than the middle: Alberta’s towns come to $400,000, Magrath to less.
How many households in Magrath are in core housing need?
In line with Alberta’s towns (8%): 9% in Magrath, counting the households whose home falls short on cost, size or repair.
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).