Owners in Parkland value their homes 56% above the median of Alberta’s towns
At the 2021 census the median home was worth $624,000, where Alberta’s towns sit at $400,000. What homes sold for in Parkland isn’t public: no sale figures are released in Alberta. Assessors valued the median residential property at $525,000 for 2024. Parkland doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Calgary.
Two ways to price a home in Parkland
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates.
median, owners’ estimate
- Average
- $645K
- Owners
- 1,330
- 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).
A detached house in Calgary is assessed 88% higher than across Alberta’s towns
Assessors listed 483,605 residential properties in Calgary for 2024, 62% of them detached houses and 18% 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.
93% of Parkland’s homes are detached houses, where Alberta’s towns have 64%
At the 2021 census, Parkland had 1,420 homes with someone living in them. Half or more were standing by 1980. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Parkland | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 6% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | under 1% | 4% | 3% |
| Households in core housing need | 2% | 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
Calgary issued permits for 77,275 new homes from 2018 to 2023, or about 12,879 a year. 26% were single-unit buildings and the rest multi-unit ones, against 69% for Alberta’s towns.
A peak in 2023: 18,187 new homes
New homes a year per 1,000 homes
Steady: 26,142 new homes in the year to August 2026
Source area for monthly permits: 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.
Parkland is 56% above the $400,000 median of Alberta’s towns
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 Parkland: Deer Ridge, Deer Run and Queensland
Next to Parkland: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Parkland | $624K | $645K | 93% | |
| Deer Ridge | $400K | $392K | 72% | 1.1 |
| Deer Run | $400K | $427K | 85% | 1.5 |
| Queensland | $400K | $404K | 81% | 2 |
| Midnapore | $408K | $446K | 69% | 2.1 |
| Sundance | $500K | $537K | 89% | 2.5 |
| Lake Bonavista | $600K | $710K | 88% | 2.7 |
Census 2021 values; km.
Questions about property prices in Parkland
How many households in Parkland are in core housing need?
In Parkland, 2% 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 Parkland expensive for Alberta?
On census values, Parkland 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).