Police say the man fought off the attackers and injured at least two of them — a man and a woman — who were arrested and sent to hospital.
RCMP believe six people entered the home and that the axe was used during the confrontation.
Mounties say the remaining suspects stole a truck and rifle before escaping.
The vehicle was later found in an alley and police are still looking for four people.
Cpl. Craig Douglass says investigators believe it was a targeted attack and there's no risk to the public.