Photo: Shoju foge · CC BY-SA 3.0Little is being built in Vermilion: 2.4 new homes a year per 1,000, against 7.5 for Alberta’s towns
Going by owners’ own estimates in 2021, the typical home is worth $268,000, the average one $274,800. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for Vermilion. Assessors valued the median residential property at $238,000 for 2024.
Two ways to price a home in Vermilion
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since.
median, owners’ estimate
- Average
- $275K
- Owners
- 1,290
- 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 Vermilion is assessed 25% lower than across Alberta’s towns
Of Vermilion’s 1,615 residential properties on the 2024 roll, 86% are detached houses and 6% are condos.
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 Vermilion, by period and type
The 2021 census counted 1,675 occupied homes in Vermilion; 78% 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
| Vermilion | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 7% | 15% | 8% |
| Needing major repairs | 8% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 6% | 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.
Vermilion’s busiest year for permits was 2021, with 7 new homes
Vermilion issued permits for 21 new homes from 2018 to 2023, or about 4 a year. Most were houses: 81% 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
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.
Vermilion against Alberta’s towns: 33% under the $400,000 median
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.
Home values around Vermilion
Next to Vermilion: 2021 census values and the share of owners. The nearest places to Vermilion with figures are 20–59 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Vermilion | $268K | $275K | 77% | |
| Vermilion River County | $384K | $406K | 91% | 19.6 |
| Lloydminster (Part) | $340K | $344K | 72% | 55.7 |
| Wainwright | $276K | $286K | 70% | 57.4 |
| Lloydminster (Part) | $278K | $283K | 59% | 57.7 |
| Britannia No. 502 | $452K | $482K | 90% | 59.4 |
Census 2021 values; km.
Questions about property prices in Vermilion
Is Vermilion expensive for Alberta?
No: Vermilion’s census median is below the $400,000 of Alberta’s towns.
How many households in Vermilion are in core housing need?
Fewer than most: 6% of households in Vermilion, where Alberta’s towns sit at 8%.
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).