Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainA newly built town: 98% of the homes in Mahogany date from 2001 or later (Alberta’s towns: 24%)
Asked in 2021, owners gave a median value of $520,000; averaged, their homes came to $562,219. No open sale prices are published in Alberta, so for Mahogany the census value is the measure. For 2024, the median assessed value of a residential property is $525,000. Figures for assessed values, values by property type and building permits are published for the city of Calgary as a whole, not for Mahogany alone.
Two ways to price a home in Mahogany
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales.
median, owners’ estimate
- Average
- $562K
- Owners
- 4,990
- 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.
More condos than most: 31% of the homes in Mahogany (Alberta’s towns: 15%)
The 2021 census counted 6,560 occupied homes in Mahogany; 53% of them are 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
| Mahogany | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 31% | 15% | 8% |
| Needing major repairs | 1% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 5% | 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
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
26,142 new homes in the 12 months to August 2026, about as many as the year before
Measured across the Calgary metro area: monthly permits
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.
Mahogany is dearer than most of Alberta’s towns: 30% 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 Mahogany: Auburn Bay, Copperfield and New Brighton
Next to Mahogany: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Mahogany | $520K | $562K | 76% | |
| Auburn Bay | $448K | $540K | 75% | 2.1 |
| Copperfield | $400K | $393K | 80% | 3.1 |
| New Brighton | $492K | $439K | 86% | 3.4 |
| Cranston | $552K | $524K | 88% | 3.4 |
| McKenzie Towne | $376K | $401K | 78% | 3.6 |
| McKenzie Lake | $536K | $540K | 90% | 4.8 |
Census 2021 values; km.
Questions about property prices in Mahogany
How many households in Mahogany are in core housing need?
5% of Mahogany’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.
Is Mahogany expensive for Alberta?
On census values, Mahogany ranks among the dearer of Alberta’s towns (median $400,000).
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).