Calgary
Calgary is not one market. The city’s districts move at different speeds, detached and apartment segments regularly point in opposite directions, and an inner-city infill prices on evidence a suburban comparable cannot supply. The citywide headline number is the least useful figure in the city. Here is how we work below it.
Market statistics are published by CREB® and linked in full below. The commentary is ours; the data is theirs. Nothing here is an opinion of value for any individual property.
How to read the Calgary market
Three figures on CREB’s monthly report tell you more than the headline price:
- Benchmark price. The price of a typical home of each type. It tracks the market better than the average, which moves when the mix of sales changes.
- Months of supply. How long current listings would last at the current pace of sales. Lower means a tighter market for buyers.
- Sales-to-new-listings ratio. How quickly new listings are being absorbed. A rising ratio usually comes before price pressure.
Read the district and property-type tables, not the citywide line. The city headline blends segments that often move in opposite directions.
CREB’s guide to these measures ↗What the housing stock looks like
- Every era side by side: pre-war and post-war inner-city homes, established suburbs, and new communities still building at the edges.
- Apartment condos are a large segment of their own, and they price on different evidence from detached homes.
- Inner-city blocks mix original bungalows with new infill, so the same street can hold very different values.
- Registered secondary suites are tracked by the City and change the buyer pool.
For counts by type and age, see the municipality’s assessment pages listed below. We describe the stock; we don’t publish figures for it.
CREB® housing statistics ↗
Monthly city and regional reports, including this area, from the Calgary Real Estate Board.
The board’s data. We link to it, we don’t copy it.
Official sourceCREB® daily housing summary ↗
Sales, new listings and inventory, updated daily.
Current feed. Not a value for any property.
Official sourceYour assessment is not your market value
Alberta assessments are set to a July 1 valuation date, with the property’s condition taken as at December 31. The figure on your notice describes what your home was worth months before you read it, and it is a mass-appraisal estimate produced for taxation, not an opinion of current market value.
That gap is normal. It only becomes a problem when the assessment misstates something about your specific property: the finished area, the condition, the lot influence, or a comparison to homes that are not really comparable.
Your complaint deadline is printed on your assessment notice and differs between municipalities. Confirm it on the notice itself, not from a date you read online.
What actually moves value here
Eight districts, eight markets
CREB reports Calgary by district for a reason: the northwest and the southeast can tell opposite stories in the same month. Analysis starts at the community, not the city.
Detached and condo diverge
Calgary’s detached and apartment segments regularly move independently. The right comparable is in the right segment before it is anywhere else.
Original bungalow or new infill
Inner-city blocks hold both, side by side, at very different values. Lot value, redevelopment activity on the street, and what the buyer is really purchasing get read carefully.
Registered suites change the file
Calgary tracks registered secondary suites. Whether a suite is registered changes the buyer pool, the financing, and the comparable set.
Appraisals we complete in Calgary
Mortgage financing & refinancing
Lender-ready reports for purchase, refinance, or removing default insurance once you have the equity for it.
Read → 02Estate & date-of-death valuation
A retrospective opinion of value as at the date of passing, prepared to withstand review by CRA and by beneficiaries.
Read → 03Matrimonial & separation
An impartial value for property division, written to be relied on by both parties and by counsel.
Read → 04Assessment appeal
An independent market value opinion to support a complaint before the Assessment Review Board.
Read → 05Pre-listing & pre-purchase
An independent number before you set an asking price or commit to an offer, with no commission riding on the answer.
Read → 06Capital gains & change of use
Values as at a specific past date for a rental conversion, a gift, or the disposition of a secondary property.
Read →Public records you can check yourself
City of Calgary property assessment ↗
Assessment information, notices and the customer review period.
Not market value: July 1 valuation date
Official sourceCalgary myTax ↗
Property search, sales search and assessment comparison tools.
Free account, city properties only
Official sourceAlberta equalized assessment data ↗
Province-published assessment totals for every Alberta municipality.
Aggregate only, not property level
Official sourceAlberta Land Titles (SPIN2) ↗
Registered owner, legal description and encumbrances such as mortgages, caveats and easements.
Fee per search. No value data.
Official sourceThese sources are useful for confirming facts about a property, such as ownership, assessed value, lot size and permit history. None of them produces an opinion of market value, and none is accepted where a signed appraisal is required.
Nearby communities we serve
Need a value you can stand behind in Calgary?
Tell us the address and the purpose (financing, estate, matrimonial, assessment appeal or pre-listing), and we will confirm the fee and the delivery date before any work begins.