Photo: Qyd · CC BY 2.5Since 2001, Panorama Hills has built 87% of the homes it has today; Alberta’s towns, 24%
By the 2021 census, half of owned homes were worth more than $520,000; the average was $515,818. No open sale prices are published in Alberta, so for Panorama Hills 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 Panorama Hills alone.
Panorama Hills’s homes, by two sources
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms. Those values come from owners at the 2021 census and predate the prices of the years since.
median, owners’ estimate
- Average
- $516K
- Owners
- 6,210
- 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
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.
24% of Panorama Hills’s homes are condos, where Alberta’s towns have 15%
7,935 occupied homes stood in Panorama Hills in 2021, and single-detached houses made up 68% of them. 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
| Panorama Hills | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 24% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 8% | 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.
26.6 new homes a year per 1,000 in Calgary: more than Alberta’s towns (7.5)
Over 2018–2023, 77,275 homes were permitted in Calgary, close to 12,879 each 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
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.
Panorama Hills is dearer than most of Alberta’s towns: 30% above 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 Panorama Hills: Country Hills, Country Hills Village and Carrington
The places around Panorama Hills at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Panorama Hills | $520K | $516K | 78% | |
| Country Hills | $372K | $402K | 85% | 1.7 |
| Country Hills Village | $260K | $268K | 65% | 2 |
| Carrington | $468K | $512K | 90% | 2.4 |
| Harvest Hills | $420K | $414K | 84% | 2.4 |
| Evanston | $476K | $484K | 88% | 2.5 |
| Coventry Hills | $400K | $413K | 83% | 2.5 |
Census 2021 values; km.
Questions about property prices in Panorama Hills
Is Panorama Hills expensive for Alberta?
On census values, Panorama Hills ranks among the dearer of Alberta’s towns (median $400,000).
How many households in Panorama Hills are in core housing need?
Statistics Canada puts 8% of Panorama Hills’s households in core housing need, much as for Alberta’s towns (8%).
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).