Photo: outofthought · CC BY-SA 3.0A newly built town: 88% of the homes in Royal Oak date from 2001 or later (Alberta’s towns: 24%)
A median of $544,000 and a mean of $523,541: that is how owners valued their homes in 2021. The census asks owners what their home would sell for, so the values are estimates from May 2021. No sales are published for towns in Alberta, Royal Oak included, so owners’ values are the measure.
Royal Oak’s homes, by two sources
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
- $524K
- Owners
- 3,365
- 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)
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.
More condos than most: 25% of the homes in Royal Oak (Alberta’s towns: 15%)
At the 2021 census, 71% of Royal Oak’s 4,025 occupied homes were single-detached houses. 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
| Royal Oak | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 25% | 15% | 8% |
| Needing major repairs | 2% | 5% | 6% |
| Too small for the household | 3% | 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)
Some 12,879 homes a year: 77,275 in all were permitted in Calgary from 2018 to 2023. The mix: 26% in single-unit buildings, beside 69% for Alberta’s towns. Behind monthly permits sits data gathered across the Calgary metro area, with Royal Oak one part of it.
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.
Royal Oak against Alberta’s towns: 36% over 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 Royal Oak: Arbour Lake and Citadel
Next to Royal Oak: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Royal Oak | $544K | $524K | 83% | |
| Rocky Ridge | $532K | $563K | 82% | 1.8 |
| Arbour Lake | $500K | $480K | 86% | 1.9 |
| Tuscany | $552K | $569K | 89% | 2.9 |
| Citadel | $448K | $445K | 87% | 3 |
| Scenic Acres | $548K | $575K | 92% | 3 |
| Rocky View County | $900K | $1.03M | 92% | 3.2 |
Census 2021 values; km.
Questions about property prices in Royal Oak
Is Royal Oak expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Royal Oak to more.
How many households in Royal Oak are in core housing need?
In line with Alberta’s towns (8%): 8% in Royal Oak, counting the households whose home falls short on cost, size or repair.
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).