Homes in Springbank Hill are worth 2.3 times the median of Alberta’s towns
The census median was $900,000 in 2021, against $400,000 for Alberta’s towns. Self-assessed in May 2021, these values predate the rate rises that followed. No sales are published for towns in Alberta, Springbank Hill included, so owners’ values are the measure.
Two ways to price a home in Springbank Hill
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. Springbank Hill shares its assessed values, values by property type and building permits numbers with the rest of the city of Calgary.
median, owners’ estimate
- Average
- $908K
- Owners
- 2,750
- 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).
On the assessment roll, Calgary’s houses sit 88% above 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.
Since 2001: 80% of the homes in Springbank Hill, where Alberta’s towns have 24%
Of the 3,275 homes people lived in across Springbank Hill at the 2021 census, 78% were single-detached houses. 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
| Springbank Hill | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 24% | 15% | 8% |
| Needing major repairs | 2% | 5% | 6% |
| Too small for the household | 3% | 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.
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. About 26% went into single-unit buildings, where Alberta’s towns built 69%. Figures for monthly permits are published for the Calgary metro area as a whole, not for Springbank Hill alone.
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
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.
Springbank Hill is dearer than most of Alberta’s towns: 125% above their $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 Springbank Hill: Discovery Ridge, Signal Hill and Aspen Woods
Next to Springbank Hill: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Springbank Hill | $900K | $908K | 84% | |
| Discovery Ridge | $730K | $741K | 81% | 1.7 |
| Signal Hill | $600K | $590K | 89% | 1.9 |
| Aspen Woods | $750K | $987K | 83% | 2.3 |
| Strathcona Park | $650K | $669K | 90% | 2.9 |
| Glenbrook | $524K | $507K | 60% | 3.1 |
| Glamorgan | $400K | $441K | 55% | 3.3 |
Census 2021 values; km.
Questions about property prices in Springbank Hill
Is Springbank Hill expensive for Alberta?
More than most: Alberta’s towns have a median of $400,000, and Springbank Hill sits above it.
How many households in Springbank Hill are in core housing need?
7% of Springbank Hill’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.
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).