Michaels Park

Neighbourhood in Edmonton · Alberta · Population 2,121

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Housing and jobs

Housing costs, rents, incomes and jobs in Michaels Park, with comparisons and sources.

Affordability

55 · Average

Average monthly rent$1,263/month

Edmonton: $1,302/month · Canada: $1,209/month · 2006: $888/month (estimated) · 2016: $1,129/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,108/month

City-wide figure for Edmonton · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,301/month

City-wide figure for Edmonton · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,598/month

City-wide figure for Edmonton · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,802/month

City-wide figure for Edmonton · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.9%

City-wide figure for Edmonton · CMHC, 2025

Median dwelling value (owner-estimated)$305,152

Edmonton: $384,000 · Canada: $472,000 · Estimated · 2016: $349,095 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing20.4%

Edmonton: 24.3% · Canada: 20.9% · 2006: 25.6% (estimated) · 2016: 16.7% (estimated) · Statistics Canada, 2021

Economy

43 · Average

Median household income$83,750

Edmonton: $90,000 · Canada: $84,000 · Estimated · 2006: $72,158 (estimated) · 2016: $91,942 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)8.3%

Canada: 5.2% · City-wide figure for Edmonton · Statistics Canada, 2021

Unemployment rate14.1%

Edmonton: 12.7% · Canada: 10.3% · 2006: 3% (estimated) · 2016: 12.1% (estimated) · Statistics Canada, 2021