​Sylvan Lake, Alberta, is a thriving lakeside community that combines natural beauty with a robust real estate market and a range of amenities, making it an appealing destination for potential homeowners.​

Population Growth: As of 2024, Sylvan Lake's population reached 17,451, reflecting a 2.31% increase from the previous year and a 7.68% growth over five years. ​

Real Estate Market Trends: The local housing market has demonstrated significant activity. In November 2024, the average sales price rose by 15% year-over-year to $398,000, while sales activity increased by 16%. Concurrently, inventory levels declined by 38%, resulting in a competitive market favoring sellers. ​

Housing Affordability: Homes in Sylvan Lake are generally more affordable than the provincial average, with an average dwelling value of $431,556 compared to Alberta's $506,749. However, monthly shelter costs for both owned and rented dwellings are slightly higher than the provincial average, and 22% of residents spend 30% or more of their income on shelter costs, compared to 17% provincially. ​

Community Amenities: The town offers numerous parks and recreational facilities. Centennial Park provides expansive green spaces along the lake's shore, ideal for relaxation and outdoor activities. The Action Sports Park caters to skateboarding, BMX, and scooter enthusiasts, while various sports fields host soccer and baseball tournaments. ​

Income and Housing Statistics: Sylvan Lake has a median household income of $92,000 and an average household income of $106,300. The town comprises 6,395 households, with a homeownership rate of 67.9%. The average household size is 2.5 people.

With its growing population, active real estate market, and diverse amenities, Sylvan Lake offers a balanced and fulfilling lifestyle for individuals and families seeking a vibrant lakeside community.