Photo: jockrutherford from Owen Sound, ON · CC BY-SA 2.0A home in McKenzie Lake is worth 34% more than the middle of Alberta’s towns
In figures: $536,000 for the median home in 2021, $400,000 for the middle of Alberta’s towns. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. No sales are published for towns in Alberta, McKenzie Lake included, so owners’ values are the measure.
What McKenzie Lake’s homes are worth, two ways
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. For assessed values, values by property type and building permits, the only official count covers all of the city of Calgary, McKenzie Lake included.
median, owners’ estimate
- Average
- $540K
- Owners
- 3,720
- 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).
Calgary’s detached houses are assessed 88% above the median of Alberta’s towns
Of Calgary’s 483,605 residential properties on the 2024 roll, 62% are detached houses and 18% are condos.
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.
90% of McKenzie Lake’s homes are detached houses, where Alberta’s towns have 64%
People lived in 4,160 homes in McKenzie Lake at the 2021 census. At least half predate 2001. 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
| McKenzie Lake | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 8% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 2% | 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.
Building ahead of Alberta’s towns: 26.6 new homes a year per 1,000 in Calgary, against 7.5
Over 2018–2023, 77,275 homes were permitted in Calgary, close to 12,879 each year. About 26% went into single-unit buildings, where Alberta’s towns built 69%.
The busiest year: 2023, with 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
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. · Monthly permits: the Calgary metro area
McKenzie Lake is 34% above the $400,000 median of Alberta’s towns
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 McKenzie Lake: McKenzie Towne, Deer Run and Deer Ridge
Next to McKenzie Lake: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| McKenzie Lake | $536K | $540K | 90% | |
| McKenzie Towne | $376K | $401K | 78% | 1.5 |
| Deer Run | $400K | $427K | 85% | 1.7 |
| Deer Ridge | $400K | $392K | 72% | 2.4 |
| New Brighton | $492K | $439K | 86% | 2.6 |
| Parkland | $624K | $645K | 93% | 3.2 |
| Douglasdale/Glen | $500K | $521K | 87% | 3.4 |
Census 2021 values; km.
Questions about property prices in McKenzie Lake
How many households in McKenzie Lake are in core housing need?
In McKenzie Lake, 3% of households are in core housing need, against 8% for Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is McKenzie Lake expensive for Alberta?
Yes: McKenzie Lake’s census median is above 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).