Redwater

Small town · Alberta · Population 2,115

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Housing and jobs

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

Affordability

23 · Below average

Average monthly rent$1,260/month

AB: $1,332/month · Canada: $1,209/month · 2006: $745/month (estimated) · 2016: $1,373/month (in 2021 dollars) · Statistics Canada, 2021

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$266,000

AB: $400,000 · Canada: $472,000 · 2016: $320,325 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing24.6%

AB: 21.2% · Canada: 20.9% · 2006: 22.5% (estimated) · 2016: 17.5% · Statistics Canada, 2021

Economy

29 · Below average

Median household income$78,500

AB: $96,000 · Canada: $84,000 · 2006: $77,897 (estimated) · 2016: $96,961 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)3%

AB: 4.8% · Canada: 5.2% · 2016: 7.2% · Statistics Canada, 2021

Unemployment rate16.4%

AB: 11.5% · Canada: 10.3% · 2006: 4.3% (estimated) · 2016: 15.2% · Statistics Canada, 2021