A newly built town: 98% of the homes in Redstone date from 2001 or later (Alberta’s towns: 24%)
Asked in 2021, owners gave a median value of $428,000; averaged, their homes came to $442,400. Owners gave those values at the May 2021 census; they are estimates, and older than today’s prices. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Redstone.
Two ways to price a home in Redstone
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $442K
- Owners
- 3,130
- 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). · Not measured by town: assessed values, values by property type and building permits (the city of Calgary)
On the assessment roll, Calgary’s houses sit 88% above 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.
26% of Redstone’s homes are condos, where Alberta’s towns have 15%
At the 2021 census, 55% of Redstone’s 3,585 occupied homes were 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
| Redstone | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 26% | 15% | 8% |
| Needing major repairs | 2% | 5% | 6% |
| Too small for the household | 12% | 4% | 3% |
| Households in core housing need | 7% | 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. Single-unit buildings took 26%, the rest buildings of two or more, against 69% for Alberta’s towns.
Most 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
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. · Area behind the monthly permits figures: the Calgary metro area
Redstone against Alberta’s towns: about level with the $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 Redstone: Taradale, Martindale and Castleridge
Next to Redstone: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Redstone | $428K | $442K | 87% | |
| Skyview Ranch | $420K | $371K | 59% | 1.3 |
| Cityscape | $448K | $444K | 80% | 2.7 |
| Saddle Ridge | $468K | $452K | 74% | 4 |
| Taradale | $400K | $404K | 75% | 5.3 |
| Martindale | $348K | $367K | 78% | 5.6 |
| Castleridge | $332K | $354K | 68% | 6.9 |
Census 2021 values; km.
Questions about property prices in Redstone
How many households in Redstone are in core housing need?
7% of Redstone’s households, near 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 Redstone expensive for Alberta?
In the middle: Alberta’s towns come to $400,000, and so, near enough, does Redstone.
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).