What the City of Calgary’s property assessments mean for your taxes in 2026

The City of Calgary has mailed out more than 600,000 property assessment notices and many homeowners will find their homes are worth about the same as last year, after years of double-digit increases. According to the city, the typical single-family home is worth just one per cent more this year at $706,000, compared to $697,000 in 2025. Meanwhile, city assessments show the typical Calgary condo is worth three per cent less at $347,000 compared to $359,000 last year. Multi-residential apartments, which the city said only make up a “small fraction” of the residential property class, are valued eight per cent higher this year after showing the “strongest demand.” It’s a stark contrast compared to last year’s assessments, met with sticker shock by homeowners, that showed the value of single family home climbed 14 per cent, and a condo’s value soaring 22 per cent. For Calgary’s city assessor, Eddie Lee, he hasn’t seen a year-over-year change like this one since the 2008 financial crisis. “There was the dot com bust and the sub-prime mortgage scenario. We saw residential and non-residential values climb at really high rates. Then that happened, and we saw declines in assessment values and market values as a whole,” he told reporters at a city press conference Thursday. Lee said Calgary has returned to a more balanced market over the last year, largely driven by “stabilizing net migration,” and an increase in the city’s housing supply. City of Calgary takes another step towards restoring use of Bearspaw feeder main Calgary police charge 2 teens in Facebook Marketplace robberies Closing the gap: RMs say more needs to be done to cover growing infrastructure deficit Firefighters from three departments help battle huge house fire east of Calgary “The market is relatively flat compared to last year’s growth, signalling reduced market pressure and greater stability,” he said. Get daily National news Terms and Conditions and Privacy Policy . This year’s assessment is based on an estimate of a property’s market value on July 1, 2025, as well as the condition and characteristics of a property as of Dec. 31, 2025. According to the city, the communities with the biggest increases in assessed value include Cedarbrae, Woodbine, Diamond Cove, Deer Ridge, Red Carpet and Bowness. Joel Semmens, a realtor with RE/MAX House of Real Estate said the city’s housing market has been exciting for the last two years, with 2025 serving as his best year in terms of sales volume. “This year has been an interesting start,” Semmens told Global News. “I feel the market is pulling back a little bit, the condo market for sure, there’s a lot of inventory in the condo market, sales are getting a little stickier.” With assessments in the mail, the city has opened its customer review period until March 23, in which homeowners that wish to dispute their assessment can call 311 or visit the city’s website. How assessments impact property taxes A property assessment is used to determine a homeowners’ share of property tax,...

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