At a glance
A south-side neighbourhood of detached homes and apartments, with a third of households renting. About 73% of homes are detached and 21% are apartments, and 34% of households rent (2016 census).
- Median home value
- $485K 2026 assessment, indexed to September 2026 · city $417K
- Residents
- 2,610 estimate for mid-2025, up from 2,235 at the 2021 census
- Households renting
- 34% city 37%
- Permits per year
- 50 2021–2025 average
What the numbers mean
- The median 2026 assessment is $491K (valued July 2025). Indexed to September 2026 with the Edmonton MLS® Home Price Index (-1%), that is about $485K, 16% above the Edmonton median of $417K. Property tax is still based on the assessment.
- 34% of households rent, close to the 37% city-wide.
- 20% of residents are 20 to 29, versus 14% city-wide. It skews young-professional.
- 73% of homes are single-detached houses, versus 51% city-wide.
- Building activity is in line with the city as a whole, at about 50 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
- $5,090 a year about $425 a month on a $491K 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
- $540 on $485K
Typical apartment rent nearby3
Parkallen sits in CMHC's University survey zone. October 2025 average rent of purpose-built rental apartments in that zone:
- Studio
- $1,218 +$110 vs metro average
- 1 bedroom
- $1,305 +$4 vs metro average
- 2 bedroom
- $1,667 +$69 vs metro average
- 3 bedroom or more
- $1,822 +$20 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
- 12.3 per 1,000 · above the 8.1 median
- Violent crime
- 2.3 per 1,000 · median 2.7
- Property crime
- 10.0 per 1,000 · median 5.2
- Reported crime runs about 1.5× the median Edmonton neighbourhood: 12.3 incidents per 1,000 residents a year, versus 8.1.
- The most common reported crime is break and enter, 59% of the total. 81% of incidents are property crime.
- Reported crime has risen since 2023 (32 to 41 incidents a year).
- Busy main streets, transit and nightlife bring in visitors, and incidents are counted where they happen, not where people live.
Crime per 1,000 residents
What gets reported
Top crime types in the rate, same period.
Other reported incidents
Counted by police but left out of the rate, same period.
- Theft under $5,000 (incl. shoplifting)
- 32
- Mischief and vandalism
- 14
- Theft over $5,000
- 4