Photo: Thank you for visiting my page from Canada · CC BY 2.0Home values in Downtown Commercial Core run 40% lower than the median of Alberta’s towns
Owners valued the median home at $240,000 in 2021, where the median of Alberta’s towns was $400,000. For Downtown Commercial Core there is no published sale price, as for every town in Alberta. On the 2024 assessment, the middle residential property is valued at $525,000. Downtown Commercial Core shares its assessed values, values by property type and building permits numbers with the rest of the city of Calgary.
Two ways to price a home in Downtown Commercial Core
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $326K
- Owners
- 480
- 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).
On the assessment roll, Calgary’s houses sit 88% above 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.
More apartments than most: 100% of the homes in Downtown Commercial Core (Alberta’s towns: 14%)
The 2021 census counted 5,505 occupied homes in Downtown Commercial Core. The older half dates from before 1981. 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
| Downtown Commercial Core | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 30% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 13% | 4% | 3% |
| Households in core housing need | 26% | 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.
Permits in Calgary ran at 26.6 homes a year per 1,000, where Alberta’s towns ran at 7.5
Building permits added 77,275 homes in Calgary between 2018 and 2023: some 12,879 a year. The mix: 26% in single-unit buildings, beside 69% for Alberta’s towns.
Most in 2023: 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
Downtown Commercial Core against Alberta’s towns: 40% under 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.
Home values around Downtown Commercial Core
Next to Downtown Commercial Core: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Downtown Commercial Core | $240K | $326K | 9% | |
| Eau Claire | $628K | $771K | 45% | 0.5 |
| Sunnyside | $572K | $580K | 29% | 0.9 |
| Downtown West End | $400K | $392K | 36% | 0.9 |
| Beltline | $324K | $354K | 26% | 1 |
| Rosedale | $900K | $1.06M | 63% | 1.5 |
| Lower Mount Royal | $348K | $420K | 29% | 1.6 |
Census 2021 values; km.
Questions about property prices in Downtown Commercial Core
How many households in Downtown Commercial Core are in core housing need?
Above the norm for Alberta’s towns (8%): 26% in Downtown Commercial Core, counting the households whose home falls short on cost, size or repair.
Is Downtown Commercial Core expensive for Alberta?
No: Downtown Commercial Core’s census median is below the $400,000 of Alberta’s towns.
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).