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DCost of living Grade
Property prices in Bowness · Census 2021 and Statistics Canada

In Bowness, 17% of households can’t afford a home that is big enough and in good repair (Alberta’s towns: 8%)

Owners valued the median home at $400,000 at the 2021 census, and the average at $378,703. These home values were given by owners themselves, in a census taken in May 2021. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Bowness.

Median home value
$400K
owners’ estimate, census 2021
average $379K
Median assessed value
$525K
all residential, 2024
New homes a year
12,879
permits, 2018–2023
26.6 per 1,000 homes
Owner households
2,945
census 2021
54% of households
What homes are worth

What Bowness’s homes are worth, two ways

Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders.

Census 2021$400K

median, owners’ estimate

Average
$379K
Owners
2,945
Alberta’s towns
$400K
The typical Canadian town
$406K
Assessed, 2024$525K

all residential

Alberta’s towns
$297K

Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH). · Source area for assessed values, values by property type and building permits: the city of Calgary

By type of home

Calgary’s detached houses are assessed 88% above the median of Alberta’s towns

The 2024 assessment roll counts 483,605 homes in Calgary: detached houses make 62% of them, condos 18%.

Assessed value

Median assessment by type, 2024 the tick is the median of Alberta’s towns

Detached houses$620K
Semi-detached$490K
Row houses$361K
Condos$244K
Multi-unit properties$835K
The mix of properties
Detached houses62%
Condos18%
Row houses11%
Semi-detached8%
Multi-unit properties1%
2,340 sq ft
living area of the median detached house (Alberta’s towns: 1,960 sq ft)
818 sq ft
living area of the median condo

Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.

The homes

The homes of Bowness, by period and type

5,435 occupied homes stood in Bowness in 2021, and single-detached houses made up 36% of them. Half or more were standing by 1980. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.

When they were built

Homes by period of construction the tick is the median of Alberta’s towns

Before 196124%
1961–198048%
1981–200015%
2001–20155%
2016–20216%
What kind of home

Homes by kind

Single-detached houses36%
Semi-detached houses12%
Row houses9%
Flats in a duplex6%
Apartments, under 5 storeys23%
Apartments, 5+ storeys4%
Movable dwellings9%
Against the median town of the province and of Canada
BownessAlbertaCanada
Condominiums14%15%8%
Needing major repairs8%5%6%
Too small for the household3%4%3%
Households in core housing need17%8%7%

Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.

New homes

Permits in Calgary ran at 26.6 homes a year per 1,000, where Alberta’s towns ran at 7.5

Over 2018–2023, 77,275 homes were permitted in Calgary, close to 12,879 each year. Single-unit buildings took 26%, the rest buildings of two or more, against 69% for Alberta’s towns.

Permits by year, 2018–2023

Most in 2023: 18,187 new homes

Single-unit buildingsTwo or more units
05,00010,00015,00020,000201820192020202120222023
The pace

New homes a year per 1,000 homes

Calgary26.6
Alberta’s towns7.5
The typical Canadian town13.8
$2,971M
of new residential construction a year, 2019–2023
The metro area

Steady: 26,142 new homes in the year to August 2026

010,00020,00030,00020212022202320242025

Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Data for monthly permits covers the Calgary metro area

Across Alberta

Bowness sits close to the $400,000 median of Alberta’s towns

The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.

Median value, census 2021

Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.

Home values around Bowness

Next to Bowness: 2021 census values and the share of owners.

Silver SpringsCougar RidgeVarsityMontgomeryCoach HillDalhousieSilver SpringsCougar RidgeVarsityMontgomeryCoach HillDalhousieBowness
Prices next door
TownMedian home valueAverageOwnerskm
Bowness$400K$379K54%
Silver Springs$520K$546K83%2.1
Cougar Ridge$580K$617K88%2.2
Varsity$600K$648K63%2.8
Montgomery$500K$551K63%2.8
Coach Hill$452K$496K83%3.2
Dalhousie$528K$492K64%3.5

Census 2021 values; km.

Questions about property prices in Bowness

Is Bowness expensive for Alberta?

Neither more nor less: Alberta’s towns have a median of $400,000, and Bowness is near it.

Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.

Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).