Photo: LittleT889 · CC0Home values in Valley Ridge run 63% higher than the median of Alberta’s towns
Owners valued the median home at $650,000 in 2021, where the median of Alberta’s towns was $400,000. Those values come from owners at the 2021 census and predate the prices of the years since. For Valley Ridge there is no published sale price, as for every town in Alberta.
Valley Ridge’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
- $631K
- Owners
- 2,570
- 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). · Assessed values, values by property type and building permits for the city of Calgary
A detached house in Calgary is assessed 88% higher than across Alberta’s towns
In 2024, Calgary had 483,605 residential properties on the roll, detached houses 62% of them and 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.
A town of houses: 92% of the homes in Valley Ridge stand alone (Alberta’s towns: 64%)
At the 2021 census, Valley Ridge had 2,690 homes with someone living in them. The majority are from this century. 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
| Valley Ridge | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 8% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 1% | 4% | 3% |
| Households in core housing need | 2% | 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.
Calgary permitted 26.6 new homes a year per 1,000, above the 7.5 of Alberta’s towns
Building permits added 77,275 homes in Calgary between 2018 and 2023: some 12,879 a year. About 26% went into single-unit buildings, where Alberta’s towns built 69%.
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
Source area for monthly permits: 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.
Valley Ridge against Alberta’s towns: 63% 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 Valley Ridge: Cougar Ridge, Tuscany and Scenic Acres
Next to Valley Ridge: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Valley Ridge | $650K | $631K | 95% | |
| Cougar Ridge | $580K | $617K | 88% | 3.9 |
| Tuscany | $552K | $569K | 89% | 4.2 |
| Scenic Acres | $548K | $575K | 92% | 4.7 |
| Bowness | $400K | $379K | 54% | 4.7 |
| Silver Springs | $520K | $546K | 83% | 5.2 |
| West Springs | $670K | $745K | 88% | 5.7 |
Census 2021 values; km.
Questions about property prices in Valley Ridge
How many households in Valley Ridge are in core housing need?
2% of Valley Ridge’s households, under 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.
Is Valley Ridge expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Valley Ridge to more.
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).