Photo: Quintin Soloviev · CC BY 4.0Since 2001, Sylvan Lake has built 58% of the homes it has today; Alberta’s towns, 24%
A median of $352,000 and a mean of $376,400: that is how owners valued their homes in 2021. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Sylvan Lake.
Sylvan Lake’s homes, by two sources
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
- $376K
- Owners
- 4,340
- 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 Sylvan Lake is assessed at 2.3 times a condo
In 2024, Sylvan Lake had 6,845 residential properties on the roll, detached houses 66% of them and condos 9%.
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 Sylvan Lake, by period and type
At the 2021 census, 66% of Sylvan Lake’s 6,400 occupied homes were single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Sylvan Lake | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 15% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 2% | 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.
Permits in Sylvan Lake ran at 18.9 homes a year per 1,000, where Alberta’s towns ran at 7.5
Building permits added 665 homes in Sylvan Lake between 2018 and 2023: some 111 a year. About 30% went into single-unit buildings, where Alberta’s towns built 69%.
The busiest year: 2019, with 181 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.
Sylvan Lake against Alberta’s towns: 12% 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 Sylvan Lake: Bentley, Eckville and Blackfalds
The places around Sylvan Lake at the 2021 census: median and average value, and how many own. Distances here run 18–23 km: that is how far the nearest places with figures are from Sylvan Lake.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Sylvan Lake | $352K | $376K | 68% | |
| Bentley | $220K | $218K | 80% | 18.5 |
| Eckville | $270K | $284K | 77% | 20.2 |
| Red Deer | $340K | $355K | 65% | 20.8 |
| Red Deer County | $496K | $529K | 88% | 21 |
| Blackfalds | $332K | $337K | 78% | 22.6 |
Census 2021 values; km.
Questions about property prices in Sylvan Lake
Is Sylvan Lake expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Sylvan Lake sits below it.
How many households in Sylvan Lake are in core housing need?
In Sylvan 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).