Photo: Sharon Hahn Darlin · CC BY 2.0In Varsity, 39% of households live in an apartment (Alberta’s towns: 14%)
The middle home was worth $600,000 at the 2021 census, the average $648,435. Those values come from owners at the 2021 census and predate the prices of the years since. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for Varsity.
What Varsity’s homes are worth, two ways
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $648K
- Owners
- 3,400
- 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: one figure for all of the city of Calgary
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.
36% of Varsity’s homes are condos, where Alberta’s towns have 15%
People lived in 5,465 homes in Varsity at the 2021 census. Half went up before 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
| Varsity | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 36% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 11% | 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
Some 12,879 homes a year: 77,275 in all were permitted in Calgary from 2018 to 2023. 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
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. · Area behind the monthly permits figures: the Calgary metro area
Varsity is 50% above the $400,000 median of Alberta’s towns
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 Varsity: Dalhousie, Montgomery and Bowness
Next to Varsity: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Varsity | $600K | $648K | 63% | |
| Dalhousie | $528K | $492K | 64% | 1.9 |
| Brentwood | $576K | $587K | 57% | 2 |
| Montgomery | $500K | $551K | 63% | 2.1 |
| University Heights | $755K | $817K | 29% | 2.5 |
| Bowness | $400K | $379K | 54% | 2.8 |
| Silver Springs | $520K | $546K | 83% | 3.1 |
Census 2021 values; km.
Questions about property prices in Varsity
Is Varsity expensive for Alberta?
Above the norm for Alberta’s towns, whose median home is worth $400,000; Varsity’s is worth more.
How many households in Varsity are in core housing need?
Statistics Canada puts 11% of Varsity’s households in core housing need, a higher share than the 8% of Alberta’s towns.
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).