Assessed property values in Calgary are at an all-time high. An aerial view of housing in the city in June 2013.
Calgary’s property values increased significantly last year, with residential properties seeing the biggest gains, according to the city’s property assessment department.Posted: Jan 10, 2025 6:03 PM EST | Last Updated: 3 hours ago
The annual assessment was presented on Friday. It takes two factors into account — a market valuation from July 1, 2024, and the physical condition of a property on Dec. 31, 2024. "The most significant property value increases are seen in residential condominiums. This property type has been particularly attractive due to strong demand for lower-priced housing options in the residential market."
The total value of the city's 2025 assessment roll, which includes all types of properties within the municipality, is $442 billion, an increase of $55 billion from last year.
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