Calgary property assessments show 4% drop in single-family home value

Property assessment notices sent out by the city reveal a $20,000 drop in value for the average single-family home in Calgary, but that doesn't mean homeowners will pay less in property taxes this year. More than half a million property assessment notices were sent out by the city Thursday. The median home price for a detached home in Calgary is $455,000, down from $475,000 in 2019. The average cost of a condo also slipped from $255,000 in 2019 to $245,000 this year. The plunging value of reside