Aspen Trails and Palisades

At a glance

Aspen Trails and Palisades are a small northern pocket of newer detached houses and some of the highest home values in Sherwood Park. About 78% of homes are detached and 2% are apartments, 19% of households rent, and owners valued the median home at about $533K in the 2021 census.

Median home value (est.)

$597K^*

* est.: 2021 census, indexed to September 2026 · city $496K

Residents

4,560

scaled estimate for mid-2025, up from 3,867 at the 2021 census

Households renting

19%

city 37%

Homes that are apartments

2%

city 31%

What the numbers mean

• Owners valued the median home at $533K in the 2021 census. Indexed to September 2026 prices with the Edmonton MLS® Home Price Index (+12% since then), that is about $597K, 20% above the Edmonton-area suburbs median of $496K. It is an estimate: the index tracks the whole region, not this neighbourhood.
• 19% of households rent, well below the 37% city-wide. Most people here own and stay a while.
• 28% of residents are under 15, versus 18% city-wide. Expect busy schools, parks and playgrounds.
• 22% of residents are 20 to 29, versus 14% city-wide. It skews young-professional.
• 78% of homes are single-detached houses, versus 51% city-wide.

Who lives here

Share of residents by age, scaled estimate for mid-2025, up from 3,867 at the 2021 census.

Homes

Share of homes by type, scaled estimate for mid-2025, up from 3,867 at the 2021 census.

Upfront closing costs¹

Alberta has no land transfer tax; the Land Titles transfer fee is about 0.1% of the price. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.

Land title transfer fee

$650

on $597K

Schools²

• No public school is mapped inside Aspen Trails and Palisades.
• The closest is about 0.4 km from its edge in a straight line.
• 5 public schools lie within 2 km of its edge.

The school nearest the house may not be the school your child is assigned to. School boards assign a designated school by street address, and a neighbourhood can be split across several or have none inside its boundary. Use your school board’s school locator with the exact address before you rely on a school.

We don’t rate schools: test results are not comparable across provinces, so a school’s quality is something to ask about on a visit.

How it's changing

These municipalities don't publish building permits by neighbourhood, so we can't chart construction here yet.

Safety

Neighbourhood-level crime figures aren't available for Sherwood Park. Policing there is by the RCMP or a municipal police department, and neither publishes open crime counts by neighbourhood. Check Statistics Canada's crime tables for municipality-wide trends, and the local police website for crime maps. Why this is missing.