A home in South Calgary is worth 75% more than the middle of Alberta’s towns
That is a median of $700,000 at the 2021 census, set beside $400,000 for Alberta’s towns. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for South Calgary.
What South Calgary’s homes are worth, two ways
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
- $729K
- Owners
- 1,150
- 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)
Calgary’s detached houses are assessed 88% above the median of Alberta’s towns
Detached houses account for 62% of the 483,605 properties on Calgary’s 2024 roll; condos for 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.
More apartments than most: 44% of the homes in South Calgary (Alberta’s towns: 14%)
People lived in 2,245 homes in South Calgary at the 2021 census. The older half dates from before 2001. 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
| South Calgary | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 39% | 15% | 8% |
| Needing major repairs | 7% | 5% | 6% |
| Too small for the household | 5% | 4% | 3% |
| Households in core housing need | 15% | 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.
Permits in Calgary ran at 26.6 homes a year per 1,000, where Alberta’s towns ran at 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.
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
Area-wide: monthly permits, counted over 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.
South Calgary is dearer than most of Alberta’s towns: 75% 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 South Calgary: Bankview, Sunalta and Garrison Woods
Next to South Calgary: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| South Calgary | $700K | $729K | 51% | |
| Richmond | $690K | $660K | 62% | 0.7 |
| Bankview | $348K | $472K | 31% | 0.7 |
| Altadore | $860K | $940K | 70% | 1.2 |
| Sunalta | $532K | $662K | 34% | 1.3 |
| Upper Mount Royal | $1.3M | $1.75M | 73% | 1.4 |
| Garrison Woods | $600K | $631K | 77% | 1.4 |
Census 2021 values; km.
Questions about property prices in South Calgary
Is South Calgary expensive for Alberta?
Above the norm for Alberta’s towns, whose median home is worth $400,000; South Calgary’s is worth more.
How many households in South Calgary are in core housing need?
More than most: 15% of households in South Calgary, where Alberta’s towns sit at 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).