Sylvan Lake

Town · Alberta · Population 15,995

Housing and jobs

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

14 · Poor

Average monthly rent$1,378/month

AB: $1,332/month · Canada: $1,209/month · 2006: $1,166/month (estimated) · 2016: $1,517/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,355/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,467/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,505/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$352,000

AB: $400,000 · Canada: $472,000 · 2016: $395,829 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing23.8%

AB: 21.2% · Canada: 20.9% · 2006: 19.7% (estimated) · 2016: 21.6% · Statistics Canada, 2021

44 · Average

Median household income$92,000

AB: $96,000 · Canada: $84,000 · 2006: $97,640 (estimated) · 2016: $106,529 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)8%

AB: 4.8% · Canada: 5.2% · 2016: 19.9% · Statistics Canada, 2021

Unemployment rate14.7%

AB: 11.5% · Canada: 10.3% · 2006: 4.5% (estimated) · 2016: 13.6% · Statistics Canada, 2021