In the market for a new crib? Well, you’re in luck because according to the city’s new assessment report, the median value of a home in Calgary has actually dropped a whopping $10,000 over the last year.

This was determined based on an assessment done on the market value of a residential property’s building and land and is also used to calculate each owner’s share of taxes. Unfortunately, for those who are hoping to sell a home in 2021, this probably won’t come as the best news. But as we’re sure you know, the value of a Calgary home could take a complete 180 next year.

Recent Posts:
Calgary’s Cold Garden is giving away FREE beer as a ‘thank you’ to its neighbours
This Calgary Chateau is the most expensive home sold in Alberta this year

According to the City of Calgary, this 2021 assessment applies to 2-storey detached homes, which are now valued at around $445,000 as opposed to $455,000 in 2019, and condominiums; which were assessed at 235,000, instead of $245,000 in 2019.

Honestly, in the grand scheme of things (the grand scheme being how much it still costs to buy a place in YYC), maybe $10k doesn’t sound like a lot to some of you, but it could seriously help some people out – and that’s great, especially considering everything going on right now. Every dollar makes a difference, folks!

Curiocity Staff

With a curated slate of what matters in your city, Curiocity presents you with the most relevant local food, experiences, news, deals, and adventures. We help you get the most out of your city and focus on the easy-to-miss details so that you’re always in the know.
Read articles