Home Ownership Info

Houses in Sylvan Lake are more affordable than the rest of Alberta both in terms of average value ($431,556 compared to $506,749) and median value ($404,340 compared to $443,139). At the same time, monthly shelter costs for owned and rented dwellings are slightly more expensive than the rest of the province. As such, when it comes to monthly and annual household affordability, Sylvan Lake residents are slightly more likely to be spending over 30% of their income than the rest of Alberta.

Sylvan Lake Alberta
Total number of private households 6,787 1,722,012
Average value of dwelling $ $431,556 $506,749
Median value of dwellings ($) $404,340 $443,139
Median monthly shelter costs for owned dwellings $2,007 $1,687
Average monthly shelter costs for owned dwellings $1,972 $1,817
% Owned 71% 73%
% Rented 29% 26%
Median monthly shelter costs for rented dwellings $1,546 $1,343
Average monthly shelter costs for rented dwellings $1,662 $1,457
Percent of the population spending 30% or more of household total income on shelter costs 22% 17%

Source: McSweeney & Associates from Manifold Data Mining Inc. SuperDemographics 2022 Note: The definition of this category refers to occupied dwellings; therefore, it does not incorporate seasonal dwellings (i.e., cottages).

Developer Websites

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