Spring Lake

Alberta · Population 711

Places with fewer than 1,000 residents show facts only, without scores.

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Housing and jobs

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

Affordability

Average monthly rent$1,200/month

AB: $1,332/month · Canada: $1,209/month · 2006: $0/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)$500,000

AB: $400,000 · Canada: $472,000 · 2016: $441,087 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing10.3%

AB: 21.2% · Canada: 20.9% · 2006: 21.6% · 2016: 13.5% · Statistics Canada, 2021

Economy

Median household income$122,000

AB: $96,000 · Canada: $84,000 · 2006: $99,961 · 2016: $126,049 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)1.7%

AB: 4.8% · Canada: 5.2% · 2016: 31.1% · Statistics Canada, 2021

Unemployment rate8.4%

AB: 11.5% · Canada: 10.3% · 2006: 7.1% · 2016: 6.7% · Statistics Canada, 2021