Cranston’s housing is newer than most: 95% has gone up since 2001, against 24% for Alberta’s towns
The middle home was worth $552,000 at the 2021 census, the average $524,382. No sales are published for towns in Alberta, Cranston included, so owners’ values are the measure. The 2024 property assessment puts the median residential property at $525,000. Cranston doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Calgary.
Two ways to price a home in Cranston
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales.
median, owners’ estimate
- Average
- $524K
- Owners
- 6,085
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
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).
A detached house in Calgary is assessed 88% higher than across Alberta’s towns
In 2024, Calgary had 483,605 residential properties on the roll, detached houses 62% of them and condos 18%.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
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.
How Cranston’s homes break down, by age and kind
Of the 6,910 homes people lived in across Cranston at the 2021 census, 74% were single-detached houses. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Cranston | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 19% | 15% | 8% |
| Needing major repairs | 1% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 4% | 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.
Calgary permitted 26.6 new homes a year per 1,000, above the 7.5 of Alberta’s towns
Calgary issued permits for 77,275 new homes from 2018 to 2023, or about 12,879 a year. Single-unit buildings took 26%, the rest buildings of two or more, against 69% for Alberta’s towns.
The busiest year: 2023, with 18,187 new homes
New homes a year per 1,000 homes
Steady: 26,142 new homes in the year to August 2026
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. · Area behind the monthly permits figures: the Calgary metro area
Cranston is 38% above the $400,000 median of Alberta’s towns
478 of Alberta’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Cranston: Auburn Bay, Mahogany and Chaparral
The places around Cranston at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cranston | $552K | $524K | 88% | |
| Auburn Bay | $448K | $540K | 75% | 1.5 |
| Mahogany | $520K | $562K | 76% | 3.4 |
| Chaparral | $500K | $511K | 91% | 3.5 |
| Legacy | $420K | $436K | 75% | 3.6 |
| McKenzie Towne | $376K | $401K | 78% | 3.7 |
| McKenzie Lake | $536K | $540K | 90% | 3.9 |
Census 2021 values; km.
Questions about property prices in Cranston
How many households in Cranston are in core housing need?
In Cranston, 4% of households are in core housing need, against 8% for Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is Cranston expensive for Alberta?
Above the norm for Alberta’s towns, whose median home is worth $400,000; Cranston’s is worth more.
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).