94% of Lower Mount Royal’s homes are apartments, against 14% for Alberta’s towns
Going by owners’ own estimates in 2021, the typical home is worth $348,000, the average one $419,664. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what Lower Mount Royal’s homes actually sold for. Assessors valued the median residential property at $525,000 for 2024. For assessed values, values by property type and building permits, the only official count covers all of the city of Calgary, Lower Mount Royal included.
Two ways to price a home in Lower Mount Royal
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates.
median, owners’ estimate
- Average
- $420K
- Owners
- 595
- 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).
Houses in Calgary carry assessments 88% over the middle of 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.
Condominiums are 57% of Lower Mount Royal’s homes, against 15% for Alberta’s towns
Lower Mount Royal had 2,055 occupied homes at the 2021 census. Half or more were standing by 1980. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Lower Mount Royal | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 57% | 15% | 8% |
| Needing major repairs | 9% | 5% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 20% | 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
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
Lower Mount Royal is cheaper than most of Alberta’s towns: 13% under their $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 Lower Mount Royal: Beltline
Next to Lower Mount Royal: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lower Mount Royal | $348K | $420K | 29% | |
| Upper Mount Royal | $1.3M | $1.75M | 73% | 0.6 |
| Beltline | $324K | $354K | 26% | 0.8 |
| Bankview | $348K | $472K | 31% | 0.9 |
| Sunalta | $532K | $662K | 34% | 1.2 |
| Downtown West End | $400K | $392K | 36% | 1.2 |
| Mission | $348K | $513K | 31% | 1.3 |
Census 2021 values; km.
Questions about property prices in Lower Mount Royal
How many households in Lower Mount Royal are in core housing need?
More than most: 20% of households in Lower Mount Royal, where Alberta’s towns sit at 8%.
Is Lower Mount Royal expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Lower Mount Royal sits below 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).