The Record · Calgary Morning Wire

Canada Olympic Park is worth $56 million. Your taxes next?

Your property values are lookin' good, Calgary

Alright Calgary, let's talk about what's shakin' at City Hall, or at least, what's been put on the books. Our Civic Intelligence Monitor, clockin' in data as of 12:21 PM MT today, April 27, 2026, shows a pretty healthy pulse on the development front. We've seen 20 new commercial and construction permits issued across the city this week. That's a solid number, especially when you think about the buzz we've had lately, trying to diversify beyond just the roughneck stuff.

But for real though, what really caught my eye in the data today is how the city values some of our biggest green spaces. Take Canada Olympic Park, for instance. Our property assessment highlights show three properties there are averaging an assessed value of $56,093,333. And Nose Hill Park, seven properties there are averaging $40,863,286. Now, for the average Calgarian just trying to get across the Crowchild in rush hour, it might seem like just numbers. But these are massive, iconic pieces of our city, and seeing those high valuations means the city recognizes their worth, both as land and as amenities. It's a reminder that even our wild spaces hold some serious capital.

* **Commercial Permits:** 20 new commercial/construction permits issued this week. * **Canada Olympic Park:** 3 properties, average assessed value of $56,093,333. * **Nose Hill Park:** 7 properties, average assessed value of $40,863,286. * **Ward 2 Residuals:** Ward 2, Sub Area 2E, has 9 properties averaging $28,060,556, and Sub Area 2F has 8 properties averaging $25,577,500.

This is Calgary — we've seen the boom, we've seen the bust, and we showed up anyway. Keeping these assets strong is crucial for our long-term stability and for making sure we're not just another flash in the pan. We'll be keeping an eye on how these valuations translate into city planning and public access moving forward.

Cassidy Redcloud, MiTL Sports Desk, Calgary.

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