The Metropolis of Calgary has mailed out greater than 600,000 property evaluation notices and many owners will discover their houses are price about the identical as final yr, after years of double-digit will increase.
In line with the town, the standard single-family house is price only one per cent extra this yr at $706,000, in comparison with $697,000 in 2025.
In the meantime, metropolis assessments present the standard Calgary rental is price three per cent much less at $347,000 in comparison with $359,000 final yr.
Multi-residential residences, which the town mentioned solely make up a “small fraction” of the residential property class, are valued eight per cent greater this yr after displaying the “strongest demand.”
It’s a stark distinction in comparison with final yr’s assessments, met with sticker shock by owners, that confirmed the worth of single household house climbed 14 per cent, and a rental’s worth hovering 22 per cent.
For Calgary’s metropolis assessor, Eddie Lee, he hasn’t seen a year-over-year change like this one because the 2008 monetary disaster.
“There was the dot com bust and the sub-prime mortgage state of affairs. We noticed residential and non-residential values climb at actually excessive charges. Then that occurred, and we noticed declines in evaluation values and market values as a complete,” he informed reporters at a metropolis press convention Thursday.
Lee mentioned Calgary has returned to a extra balanced market during the last yr, largely pushed by “stabilizing web migration,” and a rise within the metropolis’s housing provide.
“The market is comparatively flat in comparison with final yr’s progress, signalling lowered market strain and better stability,” he mentioned.
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This yr’s evaluation is predicated on an estimate of a property’s market worth on July 1, 2025, in addition to the situation and traits of a property as of Dec. 31, 2025.
In line with the town, the communities with the largest will increase in assessed worth embrace Cedarbrae, Woodbine, Diamond Cove, Deer Ridge, Pink Carpet and Bowness.
Joel Semmens, a realtor with RE/MAX Home of Actual Property mentioned the town’s housing market has been thrilling for the final two years, with 2025 serving as his greatest yr by way of gross sales quantity.
“This yr has been an fascinating begin,” Semmens informed International Information. “I really feel the market is pulling again a bit of bit, the rental marketplace for certain, there’s a whole lot of stock within the rental market, gross sales are getting a bit of stickier.”
With assessments within the mail, the town has opened its buyer evaluation interval till March 23, during which owners that want to dispute their evaluation can name 311 or go to the city’s website.
How assessments affect property taxes
A property evaluation is used to find out a owners’ share of property tax, which is dependent upon how a lot a property’s worth elevated compared to to all residential properties, which is one per cent this yr.
Calgary metropolis council authorised a 1.6 per cent property tax improve for 2026.
In line with the town, the standard single-family house valued at $706,000 is anticipated to pay $2,741 in property taxes in 2026, a rise of $3.57 month-to-month.
Property taxes are anticipated to be $1,347 in 2026 for the standard rental assessed at $347,000, a discount of three.1 per cent, which is $3.54 decrease every month.
In case your property’s worth elevated by multiple per cent, you’ll pay extra in property taxes, whereas in case your property’s worth elevated by or lower than one per cent, you’ll pay the 1.6 per cent tax improve or much less.
Householders can calculate their property tax payments based mostly on their assessments by visiting the city’s online tax calculator.
Nevertheless, the estimates will likely be finalized within the spring after the province tables its funds, and units out its share of property taxes.
In line with Lee, the provincial share of property taxes is about to extend by 11.9 per cent for the standard single-family house in 2026, estimated at round $16 month-to-month for the standard house owner.
Forty per cent of the property taxes collected by the town are anticipated to go to the province this yr, in comparison with 37 per cent final yr.
“These numbers aren’t finalized,” Lee mentioned. “They’re taken from Alberta’s 2025 funds doc, the place they’ve indicated their intent to repeatedly improve the quantity of property taxes the province collects to fund training.”
Non-residential property values
On the industrial facet, the town mentioned the worth of non-residential properties additionally elevated by one per cent.
The worth of business properties elevated by three per cent, the town mentioned, making it the “strongest performing” non-residential property kind, whereas retail properties noticed values assessed two per cent greater than final yr.
Workplaces noticed a 4 per cent decline in assessed worth, in line with the town, on account of ongoing uncertainty and mergers and acquisitions within the power sector.
Calgary’s prime 5 most precious non-residential properties are:
- Chinook Mall – $1,039,363,000
- Calgary Airport – $1,013,320,000
- Eighth Avenue Place – $779,600,000
- Bow Tower – $771,000,000
- Brookfield Place – $567,500,000
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