At a glance
Calgary's business centre, where office towers sit beside a growing number of residential towers. Nearly every home is a condo or apartment, and most residents rent. The median is for homes only: parking and storage stalls, which the assessment roll also lists as residential, are left out.
- Median home value
- $175K 2026 assessment, indexed to September 2026, all home types · city $566K
- Residents
- 8,940 estimate for mid-2025, up from 8,225 at the 2021 census
- Households renting
- 93% city 34%
- Permits per year
- 382 2021–2025 average
What the numbers mean
- The median 2026 assessment is $178K (valued July 2025). Indexed to September 2026 with the Calgary MLS® Home Price Index (-2%), that is about $175K, 69% below the Calgary median of $566K. Property tax is still based on the assessment.
- That median blends very different homes. By type, the medians are semi-detached or row $261K, condo or apartment $176K (city: $718K detached, $478K semi or row, $295K condo). Compare like with like.
- 93% of households rent, well above the 34% city-wide, so expect a younger, more mobile mix of neighbours.
- Only 10% of residents are under 15, versus 18% city-wide.
- 46% of residents are 20 to 34, versus 21% city-wide. It skews young-professional.
- 99% of homes are apartments (23% city-wide), so a condo is the usual way in.
- Construction is very active: about 382 building permits a year, 3.0× the city rate per resident. Expect new homes, new neighbours and some dust.
Who lives here
Share of residents by age, 2021 census.
Homes
Share of homes by type, 2019 civic census.
Assessed value by home type1
The overall median mixes house types, so it can match none of them. Split by type, 2026 assessments:
- Detached house
- — too few in the Downtown Commercial Core roll to report
- Semi-detached or row
- $261K 20 homes · city $478K
- Condo or apartment
- $176K 2,421 homes · city $295K
Estimated property tax2
What owning here costs each year in property tax at the median assessed value of each home type. Renters don’t pay it directly, but landlords pass it on.
- Semi-detached or row
- $1,740 a year about $145 a month on a $261K assessment
- Condo or apartment
- $1,170 a year about $95 a month on a $176K assessment
Upfront closing costs3
Alberta has no land transfer tax; the Land Titles transfer fee is about 0.1% of the price. Government fees at the median home price:
- Land title transfer fee
- $230 on $175K
Typical apartment rent nearby4
Downtown Commercial Core sits in CMHC's Downtown survey zone. October 2025 average rent of purpose-built rental apartments in that zone:
- Studio
- $1,504 +$66 vs metro average
- 1 bedroom
- $1,613 +$32 vs metro average
- 2 bedroom
- $2,046 +$138 vs metro average
- 3 bedroom or more
- $2,755 +$637 vs metro average
Flood and airport noise5
None of Downtown Commercial Core lies inside the City's regulatory flood map.
Downtown Commercial Core is outside the airport's noise forecast contours (NEF 25 and above).
How it's changing
Building permits issued each year, a leading signal of new homes and renovations.
*2026 is year to date.
What the building permits are for6
- Teardowns and infill
- 0 a year Demolitions plus new semis, rowhouses and townhouses: construction noise, dumpsters and change on the street
- Secondary suites
- 0 a year New basement, garage and garden suites: more rental homes and more cars on the street
- Home improvements
- 0.2 a year Renovations, additions and decks: owners investing in homes they plan to keep
Safety7
Reported incidents in the last 12 months (October 2025 to September 2026), per 1,000 residents, compared with the median of 185 Calgary communities.
- Reported crime
- 113.8 per 1,000 · above the 13.7 median
- Disorder calls
- 753.1 per 1,000 · above the 32.6 median
- Violent crime
- 47.2 per 1,000 · median 2.4
- Property crime
- 66.6 per 1,000 · median 10.8
- Reported crime runs about 8.3× the median Calgary community: 113.8 incidents per 1,000 residents a year, versus 13.7.
- The most common reported crime is theft from vehicles, 42% of the total. 59% of incidents are property crime.
- Crime has been roughly flat since 2020, at about 959 reported incidents a year.
- So far in 2026 (January to September) there have been 824 incidents, 11% more than the same months of 2025.
- Busy main streets, transit and nightlife bring in visitors, and incidents are counted where they happen, not where people live.
Crime per 1,000 residents
Disorder calls per 1,000 residents
What gets reported
Top crime types in the rate, same period.
Disorder calls
Most common non-criminal calls to police.
Reported crime by year
*2026 is year to date.