Elbow Park’s home values run 3.8 times those of the middle of Alberta’s towns
Owners valued the median home at $1,510,000 in 2021, where the median of Alberta’s towns was $400,000. The census asks owners what their home would sell for, so the values are estimates from May 2021. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Elbow Park.
What Elbow Park’s homes are worth, two ways
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
- $1.73M
- Owners
- 1,365
- 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). · Assessed values, values by property type and building permits: one figure for all of the city of Calgary
Houses in Calgary carry assessments 88% over the middle of 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.
An older stock than most: 55% of Elbow Park’s homes go back before 1961 (Alberta’s towns: 5%)
The 2021 census counted 1,530 occupied homes in Elbow Park; 86% of them are 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
| Elbow Park | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 14% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | under 1% | 4% | 3% |
| Households in core housing need | 3% | 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
From 2018 to 2023, permits in Calgary created 77,275 homes, about 12,879 a year. 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.
Elbow Park is dearer than most of Alberta’s towns: 278% above their $400,000 median
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Elbow Park: Upper Mount Royal, Erlton and Mission
Next to Elbow Park: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Elbow Park | $1.51M | $1.73M | 89% | |
| Upper Mount Royal | $1.3M | $1.75M | 73% | 1.2 |
| Erlton | $500K | $867K | 67% | 1.4 |
| Mission | $348K | $513K | 31% | 1.5 |
| Altadore | $860K | $940K | 70% | 1.8 |
| Lower Mount Royal | $348K | $420K | 29% | 1.8 |
| South Calgary | $700K | $729K | 51% | 1.8 |
Census 2021 values; km.
Questions about property prices in Elbow Park
Is Elbow Park expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Elbow Park to more.
How many households in Elbow Park are in core housing need?
3% of Elbow Park’s households, under the 8% of Alberta’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
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).