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While the oil price slide took a toll on Calgary and Edmonton, this city stayed steady
Photo gallery: Top 25 Places to Live in Canada
This community of 72,000 on the northwest border of Edmonton continues to impress. The average household net worth is $134,000, the seventh highest in the country and virtually unchanged over the past few years. And while the economic malaise has put pressure on home prices on a number of cities in Alberta, the average price of real estate in St. Albert rose slightly last year. The average home now sells for $484,000. That doesn’t mean the city has got off completely unscathed. St. Albert’s unemployment rate was once one of the lowest in the country; in 2016 it ballooned to 8.3%, which puts it in the bottom quarter of all cities in Canada. But that is one of the few blemishes on an otherwise clean record.
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