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Edmonton Neighbourhood Profile

Albany

Albany is an Edmonton neighbourhood of about 582 homes — 39.9% houses and 60.1% condos, most units built around 2013. The typical (median) house is assessed at $604,500, 35% above the citywide median (41st of 277 neighbourhoods); condos around $209,750. The median assessed value changed -13% from 2013 to 2025, a stretch when Albany was still building out — so that reflects both value changes and a changing mix of homes. 65% of homes are owner-occupied, median household income is $97,000, and 3 public schools are designated for it. Figures throughout are City assessed values — directional and comparative, not exact sale prices ("typical" means the median).

Total homes

582

39.9% houses · 60.1% condos

Typical house

$604,500

35% above citywide · 41st of 277

Typical condo

$209,750

12% above citywide

House $/sq ft

$262

$2,820/m² · 14% below citywide

Condo $/sq ft

$247

$2,659/m² · 30% above citywide

Typical lot

4,273 ft²

397 m² · 20% below citywide

Typical age

2013

median condo build year

Where it is

At a glance.Albany's location and boundary — green areas are parks and open space.

Map of Albany, Edmonton — neighbourhood boundary, parks and surrounding streets.
Neighbourhood boundary outlined in sand. Map data © Mapbox © OpenStreetMap.

The homes

What's built here — the housing stock, its age, and the condo & rental supply.

What's here

Mostly condos. 39.9% houses (freehold) · 60.1% condos (condominium-titled).

Houses 39.9% Condos 60.1%
Building types in detail
Detached35%
Row house (townhouse)5%
Apartment (low-rise)60%

Bedrooms — homes here by bedroom count:

Studio (no bedroom)0%
1 bedroom6%
2 bedrooms51%
3 bedrooms26%
4+ bedrooms17%

0% of homes needed major repairs in 2021, as assessed by their own residents.

Building-type, bedroom and condition figures from the 2021 federal census.

Condos & multi-family

3 condo developments here — about 350 condo dwellings, plus 2 purpose-built rental / multi-family buildings.

How condos & rentals are counted

3 condo developments, the largest around 150 units — about 350 condo dwellings in total. Separately-titled parking and storage stalls aren't counted as homes.

2 rental / multi-family buildings, typically built around 20182 large (over $10M). Purpose-built rentals (assessed as a single parcel each), separate from the owned homes counted above. Unit counts aren't in the open data.

Living here

The people and the day-to-day — who lives here, and the schools, shops, parks and transit around them.

Who lives here

Mostly homeowners. Median household income $97,000.

Resident snapshot from the 2021 federal census.

Median household income

$97,000

48% earn $100k+

Homeowners

65%

35% rent

Bachelor's degree or higher

26%

of residents 15+

Commute to work

91%

drive · 3% transit · 1% walk/bike

Median age 33.6; 35% of households have kids at home; 52% lived at a different address five years earlier.

Residents by age

Median age 33.6.

0–1424%
15–2411%
25–4438%
45–6419%
65+9%
Household income spread
Under $50k9%
$50k–$100k38%
$100k–$150k24%
$150k–$200k9%
$200k+16%

16% of households reported $200k or more; 9% under $50k.

Government transfers made up 14.3% of residents' 2020 income (including 6.5% pandemic supports — 2020 was a COVID income year); 7.7% of residents were below the low-income measure (LIM-AT).

Household total income, 2020, from the 2021 federal census (income shares and low-income prevalence as reported). Statistics Canada rounds and suppresses small counts, so shares may not sum exactly to 100.

Households & families
Couples with kids at home26%
Couples without kids at home18%
One-parent families9%
Living alone31%
Multigenerational3%
Other shared households13%

Average household size 2.7; families with kids at home average 2 children.

What residents do for work

Occupation groups (share of the labour force):

Sales & service24%
Trades, transport & equipment operators19%
Business, finance & administration18%
Health14%
Education, law, social & government12%
Natural & applied sciences6%
Art, culture, recreation & sport3%
Natural resources & agriculture2%
Manufacturing & utilities2%
Senior management1%

Industries residents work in (top 10; the rest combined):

Health care & social assistance22%
Construction11%
Retail trade11%
Accommodation & food services7%
Other services6%
Wholesale trade5%
Public administration5%
Transportation & warehousing4%
Information & cultural industries4%
Real estate & leasing4%
All other sectors combined21%

Unemployment rate in the census reference week (May 2021): 10.2% — a pandemic-period snapshot.

How long people stay

15% of residents had moved within the previous year; 52% lived at a different address five years earlier.

Counts every change of address — moves within Albany, into it, owners and renters alike.

Housing costs & affordability

A household earning the local median income would put about 24% of it toward typical owner shelter costs here — or 17% toward the typical rent.

Typical owner shelter cost

$1,940/mo

83.5% of owners hold a mortgage

Typical rent

$1,410/mo

median tenant shelter cost

Affordability in detail

Households spending 30% or more of their own income on their own shelter — the standard affordability-stress measure: 22.4% of owner households · 28.9% of renter households. (Different from the headline above, which compares the median cost against the median income — a typical-household what-if, not a count of stretched households.)

In core housing need (unaffordable, unsuitable or inadequate, with no affordable local alternative): 4.9% of owners · 7% of renters.

Owners' own estimate of their home's value (2021): $352,000 median — self-reported, so it can differ from the assessed medians above.

Owner costs reflect current owners — including long-time, mortgage-free ones — not the cost to buy in today. The income-share figures compare 2020 median household income with shelter costs reported in 2021.

Schools

3 designated public schools. Edmonton Public catchment for Albany: Lorelei, Mary Butterworth and Ross Sheppard.

All schools, levels & catchment notes

Designated public schools (Edmonton Public Schools catchment for Albany):

Catchments are set by the school board and can change — and the City's published catchment data can lag new schools and boundary updates — so confirm the current designated school with Edmonton Public Schools before relying on it.

Independent / private schools aren't in the City's open data, so they aren't listed here. School-quality ratings are published separately by the Fraser Institute (not affiliated with this site).

Shopping & amenities

About 45 businesses in Albany, employing roughly 788 people.

Business mix & how this is counted

From the City's business census (2025 survey).

The mix of what's here, from currently-licensed businesses:

Food & dining17
Shops & retail11
Personal & health services10
Professional & office5
Trades, auto & industrial10
Other1
Everyday amenities Other businesses

Counts come from City of Edmonton business licences and the City's business census — a licence means a business is registered at an address here, not a guarantee it's open today , and includes home-based businesses (about 25% of licences here). Landlord rental licences are excluded, and a listing isn't an endorsement.

Parks & green space

1 park (2.8 hectares) in Albany — includes a natural area.

Parks

1

2.8 hectares total

Green-space types & notes

Types of green space:

  • Natural area1

Counts come from the City of Edmonton's parks and playgrounds open data. A park is attributed to the neighbourhood its centre point falls in, so a large park or greenway that spans several areas is counted once — treat boundaries as approximate. Trail corridors appear here as greenways; off-street bike routes aren't included.

Transit & connectivity

No LRT line in Albany today. The nearest station is Kingsway RAH (Metro Line), about 8.9 km away (straight-line). The neighbourhood is served by 4 bus routes.

Looking ahead, the nearest future stop is 124 Street on the Valley Line West, about 9.5 km from the centre — under construction, targeted to open later this decade. Timelines can slip, and a nearby line doesn't imply any change in property values.

Nearest LRT

8.9 km

to Kingsway RAH

Bus routes

4

serving the area

Future LRT

9.5 km

124 Street · under construction

Bus routes & notes

4 bus routes serve Albany: 109, 112, 140X and 625. They run from 13 boardable stops inside the neighbourhood.

No route here meets the frequent-service bar (≈ 15-minute weekday headway).

Bus routes and frequency come from the City's ETS GTFS schedule — the routes whose trips call at stops inside Albany, with “frequent” meaning at least 100 weekday trips through the neighbourhood (about a bus every 15 minutes or better, counting both directions). Distances are straight-line (“as the crow flies”) from the neighbourhood centre — the actual walking or driving route is longer. Future stations are under construction; their locations and timelines come from City of Edmonton project pages and can change. Day-to-day commute mode (drive / transit / walk) is shown under “Who lives here.” Source: City of Edmonton LRT & ETS (GTFS) Open Data.

The market

Assessed value over time, and recent building activity.

Assessed value over time

Median assessed value changed -13% from 2013 to 2025.

But Albany was still being built out over this period, so the line reflects both value changes and a changing mix (more — often smaller — homes added). Read the shape, not just the endpoints.

$242,000 $209,750 2013201720212025

Building activity

Since 2015: 201 building permits, about 390 net new homes, and 23 secondary-suite permits.

Of those new units, roughly 34% are individually-owned (houses + condos), 66% purpose-built rental, and 0% in mixed-use buildings.

Owned Purpose-built rental

Split by building type (a strong proxy, not a guarantee of final tenure).

Permits year by year

Permits count every new home built — including purpose-built rental apartments and mixed-use buildings — so this can run well above the "total homes" figure above, which counts only individually-owned houses and condos.

Source

City of Edmonton Open Data — assessment, property info, building permits; Statistics Canada 2021 Census of Population (City of Edmonton neighbourhood tabulation). Contains information licensed under the Open Government Licence – City of Edmonton.

About these figures. They use the City of Edmonton's annual property assessment — its mass-appraisal estimate of value as of July 1 the prior year, informed by that year's sales but applied across the whole roll at once. That makes it a reliable directional and comparative signal (ideal for "how does this neighbourhood compare"), but not the exact price a specific home would sell for today — for that you need a comparative market analysis. Resident demographics and housing-cost figures (income and its distribution, age, education, commute, tenure, household types, shelter costs, occupations and industries, mobility) and the building-type, bedroom and condition mix are from the 2021 federal census — the most recent neighbourhood-level vintage; the City notes it fell during the pandemic, so treat these figures as directional. Census figures are adapted from Statistics Canada, 2021 Census of Population; this does not constitute an endorsement by Statistics Canada. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.

What's your Albany home actually worth?

Assessed value is a starting point, not a sale price. I'll run a real comparative market analysis on your specific home and walk you through the number.

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