Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainHomes in Silver Springs are worth 30% more than the median of Alberta’s towns
Owners valued the median home at $520,000 in 2021, where the median of Alberta’s towns was $400,000. The census asks owners what their home would sell for, so the values are estimates from May 2021. What homes sold for in Silver Springs isn’t public: no sale figures are released in Alberta.
Two ways to price a home in Silver Springs
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms. Figures for assessed values, values by property type and building permits are published for the city of Calgary as a whole, not for Silver Springs alone.
median, owners’ estimate
- Average
- $546K
- Owners
- 3,020
- 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).
Calgary’s detached houses are assessed 88% above the median of Alberta’s towns
The 2024 assessment roll counts 483,605 homes in Calgary: detached houses make 62% of them, 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.
The homes of Silver Springs, by period and type
Of the 3,655 homes people lived in across Silver Springs at the 2021 census, 73% were single-detached houses. 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
| Silver Springs | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 14% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 1% | 4% | 3% |
| Households in core housing need | 5% | 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)
Building permits added 77,275 homes in Calgary between 2018 and 2023: some 12,879 a year. 26% were single-unit buildings and the rest multi-unit ones, against 69% for Alberta’s towns.
The busiest year: 2023, with 18,187 new homes
New homes a year per 1,000 homes
26,142 new homes in the 12 months to August 2026, about as many as the year before
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.
Silver Springs against Alberta’s towns: 30% over 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.
Cheaper next to Silver Springs: Ranchlands and Bowness
The places around Silver Springs at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Silver Springs | $520K | $546K | 83% | |
| Ranchlands | $400K | $401K | 67% | 1.4 |
| Bowness | $400K | $379K | 54% | 2.1 |
| Scenic Acres | $548K | $575K | 92% | 2.2 |
| Dalhousie | $528K | $492K | 64% | 2.5 |
| Hawkwood | $524K | $521K | 92% | 2.8 |
| Varsity | $600K | $648K | 63% | 3.1 |
Census 2021 values; km.
Questions about property prices in Silver Springs
How many households in Silver Springs are in core housing need?
Fewer than most: 5% of households in Silver Springs, where Alberta’s towns sit at 8%.
Is Silver Springs expensive for Alberta?
On census values, Silver Springs 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).