Permits in Redwater added just 3.2 homes a year for every 1,000, where Alberta’s towns added 7.5
In May 2021 the median owned home was worth $266,000 by its owner’s reckoning, the average one $279,000. No sale stands behind these values: owners named them at the census of May 2021. No open sale prices are published in Alberta, so for Redwater the census value is the measure.
Two ways to price a home in Redwater
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $279K
- Owners
- 590
- 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).
Houses in Redwater carry assessments 32% under the middle of Alberta’s towns
Assessors listed 910 residential properties in Redwater for 2024, 86% of them detached houses.
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.
Major repairs needed: 9% of the homes in Redwater, where Alberta’s towns have 5%
Redwater had 865 occupied homes at the 2021 census, 76% of them single-detached houses. The older half dates from before 1981.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Redwater | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 5% | 15% | 8% |
| Needing major repairs | 9% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 16% | 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.
The peak came in 2018, when Redwater permitted 6 new homes
Some 3 homes a year: 17 in all were permitted in Redwater from 2018 to 2023. Most were houses: 73% went into single-unit buildings, against 69% for Alberta’s towns.
A year with no report is left out.
New homes a year per 1,000 homes
Slowing: 21,179 new homes in the 12 months to August 2026, 15% fewer
Shared with the rest of the Edmonton metro area: monthly permits
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.
Redwater is 34% 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 Redwater: Bruderheim and Thorhild County
Next to Redwater: 2021 census values and the share of owners. Redwater has few close neighbours with figures, so the list reaches 20–23 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Redwater | $266K | $279K | 68% | |
| Gibbons | $300K | $316K | 88% | 20.3 |
| Bruderheim | $250K | $253K | 85% | 20.6 |
| Thorhild County | $250K | $288K | 85% | 22.6 |
| Bon Accord | $286K | $300K | 85% | 23.1 |
Census 2021 values; km.
Questions about property prices in Redwater
How many households in Redwater are in core housing need?
Above the norm for Alberta’s towns (8%): 16% in Redwater, counting the households whose home falls short on cost, size or repair.
Is Redwater expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Redwater’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).