Photo: Tanya Dmitriev · CC BY-SA 3.0The middle home in Millrise is valued at $412,000
Some 1,975 owner households gave their home’s value to the 2021 census. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since. What homes sold for in Millrise isn’t public: no sale figures are released in Alberta.
What Millrise’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
- $394K
- Owners
- 1,975
- 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). · Area behind the assessed values, values by property type and building permits figures: the city of Calgary
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: 28% of the homes in Millrise (Alberta’s towns: 15%)
2,565 occupied homes stood in Millrise in 2021, and single-detached houses made up 65% of them. Half or more were standing by 2000. 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
| Millrise | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 28% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 11% | 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
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%.
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
Monthly permits for 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.
Millrise against Alberta’s towns: about level with the $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.
Millrise’s neighbours by home value
Next to Millrise: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Millrise | $412K | $394K | 77% | |
| Fish Creek Park | $600K | $624K | 86% | 0.5 |
| Shawnessy | $420K | $415K | 83% | 1.5 |
| Midnapore | $408K | $446K | 69% | 1.9 |
| Evergreen | $500K | $487K | 86% | 2 |
| Somerset | $428K | $391K | 76% | 2.4 |
| Canyon Meadows | $456K | $481K | 80% | 2.7 |
Census 2021 values; km.
Questions about property prices in Millrise
How many households in Millrise are in core housing need?
In line with Alberta’s towns (8%): 11% in Millrise, counting the households whose home falls short on cost, size or repair.
Is Millrise expensive for Alberta?
In the middle: Alberta’s towns come to $400,000, and so, near enough, does Millrise.
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).