Photo: Glenlarson~commonswiki · Public domainOwners in Slave Lake value their homes 20% below the median of Alberta’s towns
The 2021 census gives $320,000 as the median value; Alberta’s towns come to $400,000. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what Slave Lake’s homes actually sold for.
What Slave Lake’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.
median, owners’ estimate
- Average
- $325K
- Owners
- 1,585
- 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).
A detached house in Slave Lake is assessed at 2.8 times a condo
Detached houses account for 65% of the 1,905 properties on Slave Lake’s 2024 roll; condos for 7%.
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.
Since 2001: 43% of the homes in Slave Lake, where Alberta’s towns have 24%
2,405 occupied homes stood in Slave Lake in 2021, and single-detached houses made up 51% of them.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Slave Lake | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 13% | 15% | 8% |
| Needing major repairs | 7% | 5% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 8% | 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.
Building behind Alberta’s towns: 3.8 new homes a year per 1,000 in Slave Lake, against 7.5
From 2018 to 2023, permits in Slave Lake created 48 homes, about 8 a year. Single-unit buildings took 24%, the rest buildings of two or more, against 69% for Alberta’s towns.
Most in 2022: 29 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.
Slave Lake against Alberta’s towns: 20% 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 Slave Lake: Swan Hills, Big Lakes County and Opportunity No. 17
The places around Slave Lake at the 2021 census: median and average value, and how many own. The nearest places to Slave Lake with figures are 11–109 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Slave Lake | $320K | $325K | 66% | |
| Lesser Slave River No. 124 | $360K | $413K | 89% | 11.2 |
| Swan Hills | $100K | $116K | 71% | 74 |
| Big Lakes County | $226K | $267K | 79% | 93.4 |
| Opportunity No. 17 | $200K | $225K | 65% | 97.8 |
| High Prairie | $250K | $239K | 60% | 109.2 |
Census 2021 values; km.
Questions about property prices in Slave Lake
Is Slave Lake expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Slave Lake sits below it.
How many households in Slave Lake are in core housing need?
In Slave Lake, 8% of households are in core housing need, close to the 8% of Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
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).