Photo: Thivierr · CC BY-SA 3.0Owners in University Heights value their homes 89% above the median of Alberta’s towns
The census median was $755,000 in 2021, against $400,000 for Alberta’s towns. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for University Heights. On the 2024 assessment, the middle residential property is valued at $525,000. Behind assessed values, values by property type and building permits sits data gathered across the city of Calgary, with University Heights one part of it.
Two ways to price a home in University Heights
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $817K
- Owners
- 505
- 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).
Houses in Calgary carry assessments 88% over the middle 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: 63% of the homes in University Heights (Alberta’s towns: 14%)
University Heights had 1,845 occupied homes at the 2021 census. At least half predate 1981. 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
| University Heights | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 40% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 9% | 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
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.
A peak 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
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.
University Heights is dearer than most of Alberta’s towns: 89% 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 University Heights: Banff Trail, Montgomery and Charleswood
The places around University Heights at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| University Heights | $755K | $817K | 29% | |
| Banff Trail | $650K | $682K | 42% | 1.7 |
| West Hillhurst | $780K | $905K | 64% | 1.9 |
| Montgomery | $500K | $551K | 63% | 2.1 |
| Charleswood | $600K | $709K | 75% | 2.4 |
| Wildwood | $600K | $631K | 83% | 2.4 |
| Varsity | $600K | $648K | 63% | 2.5 |
Census 2021 values; km.
Questions about property prices in University Heights
Is University Heights expensive for Alberta?
On census values, University Heights ranks among the dearer of Alberta’s towns (median $400,000).
How many households in University Heights are in core housing need?
Above the norm for Alberta’s towns (8%): 15% in University Heights, 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).