Photo: Qwexcxewq · CC BY 4.0A home in Smoky Lake is worth 50% less than the middle of Alberta’s towns
The 2021 census gives $200,000 as the median value; Alberta’s towns come to $400,000. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Smoky Lake.
Smoky Lake’s homes, by two sources
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $219K
- Owners
- 325
- 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 Smoky Lake is assessed 47% lower than across Alberta’s towns
The 2024 assessment roll counts 450 homes in Smoky Lake, detached houses 88% of them.
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.
More need than most: 24% of households in Smoky Lake (Alberta’s towns: 8%)
The 2021 census counted 440 occupied homes in Smoky Lake; 80% of them are single-detached houses. Half or more were standing by 1980.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Smoky Lake | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 2% | 15% | 8% |
| Needing major repairs | 14% | 5% | 6% |
| Too small for the household | 5% | 4% | 3% |
| Households in core housing need | 24% | 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 Smoky Lake ran at 1.7 homes a year per 1,000, where Alberta’s towns ran at 7.5
Some 1 homes a year: 5 in all were permitted in Smoky Lake from 2018 to 2023. 100% were single-unit buildings, beside 69% for Alberta’s towns.
A peak in 2018: 2 new homes
A year with no report is left out.
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.
Smoky Lake is 50% below the $400,000 median of Alberta’s towns
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.
Smoky Lake’s neighbours by home value
Next to Smoky Lake: 2021 census values and the share of owners. Distances here run 20–46 km: that is how far the nearest places with figures are from Smoky Lake.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Smoky Lake | $200K | $219K | 74% | |
| Smoky Lake County | $240K | $268K | 80% | 19.5 |
| Lamont County | $348K | $385K | 92% | 40.3 |
| Thorhild County | $250K | $288K | 85% | 43.4 |
| Lamont | $250K | $258K | 77% | 44.2 |
| Redwater | $266K | $279K | 68% | 46.2 |
Census 2021 values; km.
Questions about property prices in Smoky Lake
Is Smoky Lake expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Smoky Lake’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).