Crestwood

At a glance

One of the more expensive established neighbourhoods in this guide, with large detached homes on leafy streets near the river valley. About 85% of homes are detached and 12% are apartments, and 13% of households rent (2016 census).

Median home value

$715K

2026 assessment, indexed to September 2026 · city $417K

Residents

2,700

estimate for mid-2025, up from 2,355 at the 2021 census

Households renting

13%

city 37%

Permits per year

54

2021–2025 average

What the numbers mean

• The median 2026 assessment is $724K (valued July 2025). Indexed to September 2026 with the Edmonton MLS® Home Price Index (-1%), that is about $715K, 71% above the Edmonton median of $417K. Property tax is still based on the assessment.
• 13% of households rent, well below the 37% city-wide. Most people here own and stay a while.
• 24% are 65 or older, versus 13% city-wide, a sign of long-time residents and a settled pace.
• 85% of homes are single-detached houses, versus 51% city-wide.
• Building activity is in line with the city as a whole, at about 54 permits a year.

Who lives here

Share of residents by age, 2019 city census, residents who gave an age.

Homes

Share of homes by type, 2016 census.

Estimated property tax¹

What owning here costs each year in property tax at the median assessed value. Renters don’t pay it directly, but landlords pass it on.

Median home

$7,500 a year

about $625 a month on a $724K assessment

Upfront closing costs²

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:

Land title transfer fee

$770

on $715K

Typical apartment rent nearby³

Crestwood sits in CMHC's West Central survey zone. October 2025 average rent of purpose-built rental apartments in that zone:

Studio

$986

−$122 vs metro average

1 bedroom

$1,199

−$102 vs metro average

2 bedroom

$1,468

−$130 vs metro average

3 bedroom or more

$1,605

−$197 vs metro average

How it's changing

Building permits issued each year, a leading signal of new homes and renovations.

*2026 is year to date.

Safety⁴

Reported incidents in the 12 months to September 2026, per 1,000 residents, compared with the median of 244 Edmonton neighbourhoods.

Reported crime

13.0

per 1,000 · above the 8.1 median

Violent crime

3.7

per 1,000 · median 2.7

Property crime

9.3

per 1,000 · median 5.2

• Reported crime runs about 1.6× the median Edmonton neighbourhood: 13.0 incidents per 1,000 residents a year, versus 8.1.
• The most common reported crime is break and enter, 63% of the total. 71% of incidents are property crime.
• Crime has fallen since 2023: 33 reported incidents in 2025 versus 57 in 2023.
• Busy main streets, transit and nightlife bring in visitors, and incidents are counted where they happen, not where people live.

Reported crime by year