Photo: outofthought · CC BY-SA 3.0Owners in Discovery Ridge value their homes 83% above the median of Alberta’s towns
Owners valued the median home at $730,000 in 2021, where the median of Alberta’s towns was $400,000. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for Discovery Ridge.
Discovery Ridge’s homes, by two sources
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $741K
- Owners
- 1,315
- 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). · Area behind the assessed values, values by property type and building permits figures: the city of Calgary
A detached house in Calgary is assessed 88% higher than across Alberta’s towns
Detached houses account for 62% of the 483,605 properties on Calgary’s 2024 roll; condos for 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.
A younger stock than most: 90% of Discovery Ridge’s homes went up after 2000 (Alberta’s towns: 24%)
At the 2021 census, 57% of Discovery Ridge’s 1,630 occupied homes were single-detached houses. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Discovery Ridge | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 42% | 15% | 8% |
| Needing major repairs | under 1% | 5% | 6% |
| Too small for the household | 1% | 4% | 3% |
| Households in core housing need | 6% | 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.
26.6 new homes a year per 1,000 in Calgary: more than Alberta’s towns (7.5)
Some 12,879 homes a year: 77,275 in all were permitted in Calgary from 2018 to 2023. About 26% went into single-unit buildings, where Alberta’s towns built 69%.
A peak in 2023: 18,187 new homes
New homes a year per 1,000 homes
26,142 new homes in the 12 months to August 2026, about as many as the year before
Area-wide: monthly permits, counted over the Calgary metro area
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.
Discovery Ridge against Alberta’s towns: 83% over the $400,000 median
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 Discovery Ridge: Signal Hill, Strathcona Park and West Springs
Next to Discovery Ridge: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Discovery Ridge | $730K | $741K | 81% | |
| Springbank Hill | $900K | $908K | 84% | 1.7 |
| Aspen Woods | $750K | $987K | 83% | 3.2 |
| Signal Hill | $600K | $590K | 89% | 3.5 |
| Strathcona Park | $650K | $669K | 90% | 4.3 |
| West Springs | $670K | $745K | 88% | 4.4 |
| Glamorgan | $400K | $441K | 55% | 4.5 |
Census 2021 values; km.
Questions about property prices in Discovery Ridge
Is Discovery Ridge expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Discovery Ridge to more.
How many households in Discovery Ridge are in core housing need?
Below the norm for Alberta’s towns (8%): 6% in Discovery Ridge, counting the households whose home falls short on cost, size or repair.
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).