The Ravines of Devon

Neighbourhood in Devon · Alberta · Population 2,137

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Approximate boundaries

Devon doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Devon.

Housing and jobs

Housing costs, rents, incomes and jobs in The Ravines of Devon, with comparisons and sources.

Affordability

47 · Average

Average monthly rent$1,626/month

Devon: $1,425/month · Canada: $1,209/month · 2006: $1,307/month (estimated) · 2016: $1,590/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

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

City-wide figure for Devon · CMHC, 2025

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

City-wide figure for Devon · CMHC, 2025

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

City-wide figure for Devon · CMHC, 2025

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

City-wide figure for Devon · CMHC, 2025

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

City-wide figure for Devon · CMHC, 2025

Median dwelling value (owner-estimated)$352,195

Devon: $332,000 · Canada: $472,000 · Estimated · 2016: $385,107 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing17.6%

Devon: 22.3% · Canada: 20.9% · 2006: 6.7% (estimated) · 2016: 9.9% (estimated) · Statistics Canada, 2021

Economy

39 · Below average

Median household income$112,757

Devon: $95,000 · Canada: $84,000 · Estimated · 2006: $115,162 (estimated) · 2016: $126,024 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)-0.5%

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

Unemployment rate7.7%

Devon: 9.6% · Canada: 10.3% · 2006: 7% (estimated) · 2016: 6.6% (estimated) · Statistics Canada, 2021