What is the average home value in Calgary?

A single-detached house in the Calgary area was assessed at an average of $630,000 for 2023, with a median of $561,000. That is an assessment for municipal tax purposes, not a sale price.

Is an assessed value the same as what a house sells for?

No. An assessed value is what a municipality values a property at for tax purposes on a set date, and the published figures run a couple of years behind. Sale prices are collected by real-estate boards and are not open data.

Where are homes most expensive in Alberta?

Of the places Statistics Canada reports, Canmore has the highest assessed values for single-detached houses and Wetaskiwin the lowest — a gap of about 6.1 times.

Why use the median rather than the average?

An average is dragged upward by a small number of very expensive properties, so in a town with a few large acreages it overstates what a typical house is worth. The median — the middle value — is usually closer to what most people would recognise.

Money

What homes are assessed at

Average assessed value of a single-detached house in every Alberta city and town, from Statistics Canada’s housing statistics. The gap is wide: Canmore sits at $1,410,000 against $230,000 in Wetaskiwin — 6.1× the difference.

These are 2023 assessed values, not asking prices

An assessed value is what a property was valued at for municipal tax purposes in 2023. It is not what the house would sell for today, and the figures run a couple of years behind by the time Statistics Canada publishes them. For what homes are actually selling for this month, ask a local real-estate board — that data is theirs and is not published openly.

By city and town

Single-detached houses, 2023. Median is usually the more useful of the two — an average is pulled upward by a handful of very expensive properties.

Place	Average	Median	vs 2022
CanmoreCAMore than double the provincial mid-point	$1,410,000	$1,200,000	Up 20.5% on 2022.
CalgaryCMAWell above the provincial mid-point	$630,000	$561,000	Up 12.5% on 2022.
Wood BuffaloCAWell above the provincial mid-point	$530,000	$523,000	Up 6.0% on 2022.
OkotoksCAWell above the provincial mid-point	$500,000	$471,000	Up 6.4% on 2022.
EdmontonCMAWell above the provincial mid-point	$470,000	$428,000	Up 4.4% on 2022.
Sylvan LakeCAAbove the provincial mid-point	$440,000	$378,000	Up 7.3% on 2022.
High RiverCAAbove the provincial mid-point	$410,000	$393,000	Up 10.8% on 2022.
StrathmoreCAAbout the provincial mid-point	$380,000	$370,000	Up 8.6% on 2022.
Red DeerCMAAbout the provincial mid-point	$370,000	$337,000	Up 5.7% on 2022.
LethbridgeCMAAbout the provincial mid-point	$350,000	$328,000	Up 6.1% on 2022.
Medicine HatCAAbout the provincial mid-point	$350,000	$310,000	Up 9.4% on 2022.
LacombeCAAbout the provincial mid-point	$340,000	$328,000	Up 3.0% on 2022.
Lloydminster (Alberta part)CABelow the provincial mid-point	$330,000	$329,000	About level with 2022.
Outside the cities and townsBelow the provincial mid-point	$330,000	$283,000	Up 3.1% on 2022.
Grande PrairieCABelow the provincial mid-point	$320,000	$315,000	About level with 2022.
CamroseCABelow the provincial mid-point	$320,000	$290,000	Up 6.7% on 2022.
BrooksCABelow the provincial mid-point	$270,000	$259,000	Up 3.8% on 2022.
WetaskiwinCAWell below the provincial mid-point	$230,000	$217,000	Up 4.5% on 2022.

Provincial mid-point of the places listed: $360,000. StatCan rounds these figures, so treat them as indicative rather than exact.

What this pairs with

Property tax by town →
Assessed value is what the municipal tax rate is applied to, so the two numbers only mean something together.
Cost of living →
Rent, groceries, fuel and wages — the running costs that a purchase price does not capture.

Source: Statistics Canada, table 46-10-0093 (Canadian Housing Statistics Program), reference year 2023. Adapted from Statistics Canada; this does not constitute an endorsement by Statistics Canada of this product. Figures are municipal assessments, not transaction prices, and are rounded at source. Moving here? The newcomer checklist covers the things with deadlines attached.