Letters have been mailed to around 500,000 property owners and the information is also available online. Nelson Karpa, city assessor, says property values are stable for single residences, while there is a minimal decrease in the property values of condominiums. The total value of Calgary's 2019 assessment roll dropped from the 2018 assessment — down to $306 billion from the $311 billion reported in 2018. Property assessments are based on market valuations from July the previous year. More information on city assessments can be found on the City of Calgary website.

Source: CBC News January 03, 2019 18:56 UTC