Where to buy real estate in Canada 2021: Calgary Region

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Sub division	Postal FSA	Neighbourhood name	Overall rank	Avg price 2020	1-year growth	3-year growth	5-year growth	Value score (out of 5 stars)	Neighbourhood economics score (out of 5 stars)	Neighbourhood accessibility score (out of 5 stars)	% Households with Children
calgary	T3H	strathcona park	1	$615,860	15.1%	6.5%	8.6%	4.1	5.0	2.2	53%
calgary	T3H	coach hill	2	$523,314	4.3%	-2.1%	-0.5%	3.9	5.0	2.2	53%
calgary	T3H	patterson heights	3	$546,218	-4.3%	10.1%	6.3%	3.8	5.0	2.2	53%
calgary	T3L	tuscany	4	$535,967	3.4%	0.1%	-3.4%	3.8	4.9	1.8	57%
calgary	T3H	signal hill	5	$609,041	-5.2%	13.1%	0.2%	3.6	5.0	2.2	53%
calgary	T3H	signature parke	6	$483,912	-7.3%	-3.3%	-5.2%	3.6	5.0	2.2	53%
calgary	T3H	cougar ridge	7	$545,183	-4.6%	-5.0%	-6.4%	3.5	5.0	2.2	53%
calgary	T3L	scenic acres	8	$532,666	-7.6%	-7.3%	-10.0%	3.4	4.9	1.8	57%
calgary	T3H	discovery ridge	9	$625,221	-3.3%	-9.4%	-8.8%	3.3	5.0	2.2	53%
calgary	T3H	west springs	10	$750,099	2.3%	-5.5%	-9.6%	3.2	5.0	2.2	53%
calgary	T3R	kincora	11	$424,388	0.6%	-12.1%	-10.4%	3.8	4.3	0.0	54%
calgary	T3H	christie park	12	$627,879	-9.4%	-9.4%	-12.3%	3.1	5.0	2.2	53%
calgary	T3H	the slopes	13	$831,777	1.0%	-0.2%	-8.9%	3.0	5.0	2.2	53%
calgary	T3R	symons valley	14	$447,222	-2.0%	-9.0%	-13.8%	3.7	4.3	0.0	54%
calgary	T3H	aspen woods	15	$912,702	7.1%	-0.3%	-11.8%	2.9	5.0	2.2	53%
calgary	T2X	midnapore	16	$429,402	1.5%	2.3%	-8.4%	4.1	3.9	2.5	54%
calgary	T2X	tbd4	17	$495,609	4.5%	3.7%	-0.3%	4.1	3.9	2.5	54%
calgary	T3P	evanston	18	$449,006	-3.5%	-10.4%	-11.1%	3.7	4.2	1.1	57%
calgary	T3G	citadel	19	$416,208	2.1%	-3.7%	-5.7%	4.0	3.7	1.2	50%
calgary	T3G	ranchlands	20	$372,928	0.8%	-11.6%	0.7%	4.0	3.7	1.2	50%
calgary	T2Z	mckenzie towne	21	$362,993	1.3%	-0.3%	-15.4%	4.2	3.6	1.6	49%
calgary	T3G	arbour lake	22	$419,093	2.7%	-6.4%	-5.1%	4.0	3.7	1.2	50%
calgary	T3M	cranston	23	$486,346	-2.3%	-4.8%	-7.5%	3.7	4.0	2.4	54%
calgary	T3M	auburn bay	24	$504,374	-2.5%	-2.4%	-5.8%	3.7	4.0	2.4	54%
calgary	T3A	dalhousie	25	$397,724	3.5%	-1.7%	-1.8%	4.2	3.5	1.9	48%
calgary	T2Z	douglasglen	26	$514,481	3.2%	10.5%	12.3%	4.1	3.6	1.6	49%
calgary	T2X	chapparal	27	$473,315	0.0%	-1.8%	-10.4%	3.8	3.9	2.5	54%
calgary	T3M	seton	28	$370,430	-5.9%	-18.8%	-20.1%	3.6	4.0	2.4	54%
calgary	T2Z	new brighton	29	$393,494	-1.5%	-4.3%	-6.9%	4.0	3.6	1.6	49%
calgary	T2Z	copperfield	30	$427,839	-0.6%	-5.2%	-5.5%	3.9	3.6	1.6	49%
calgary	T3A	varsity village	31	$391,900	-6.1%	2.4%	-7.1%	4.0	3.5	1.9	48%
calgary	T3G	royal oak	32	$466,787	-3.6%	-5.2%	-4.4%	3.7	3.7	1.2	50%
calgary	T2Y	bridlewood	33	$355,157	-1.1%	-0.8%	-10.6%	4.1	3.3	2.0	52%
calgary	T2X	sundance	34	$503,978	-2.6%	-9.2%	-5.9%	3.6	3.9	2.5	54%
calgary	T3A	varsity acres	35	$471,214	-3.9%	4.6%	3.3%	3.9	3.5	1.9	48%
calgary	T3G	hawkwood	36	$481,314	-3.9%	-4.3%	-6.1%	3.7	3.7	1.2	50%
calgary	T2Z	douglas ridge	37	$420,578	-3.8%	-6.0%	-5.5%	3.8	3.6	1.6	49%
calgary	T3A	hidden valley	38	$478,876	-1.5%	-0.7%	-7.9%	3.8	3.5	1.9	48%
calgary	T2Y	shawnessy	39	$335,418	-5.7%	-3.2%	-9.7%	4.0	3.3	2.0	52%
calgary	T2Z	mckenzie lake	40	$590,312	-3.2%	10.0%	8.4%	3.7	3.6	1.6	49%
calgary	T2Y	evergreen	41	$390,468	-1.7%	-5.2%	-6.5%	4.0	3.3	2.0	52%
calgary	T2Y	somerset	42	$429,301	-0.7%	-2.1%	-5.4%	4.0	3.3	2.0	52%
calgary	T3H	springbank hill	43	$936,147	-8.4%	-8.4%	-15.6%	2.3	5.0	2.2	53%
calgary	T3H	southwest	44	$636,497	-25.5%	-18.4%	-49.6%	2.2	5.0	2.2	53%
calgary	T2J	queensland	45	$357,851	4.5%	-3.8%	-11.2%	4.2	3.0	2.4	41%
calgary	T2Y	millrise	46	$342,932	-5.2%	-11.7%	-13.4%	3.9	3.3	2.0	52%
calgary	T2J	deer run	47	$445,450	6.8%	-2.6%	-4.5%	4.1	3.0	2.4	41%
calgary	T2J	acadia	48	$402,516	1.3%	-2.1%	3.5%	4.1	3.0	2.4	41%
calgary	T3K	country hills	49	$361,661	-2.1%	4.2%	-3.5%	4.2	2.9	1.6	53%
calgary	T2Z	douglasdale estates	50	$586,904	-3.8%	0.7%	-3.1%	3.5	3.6	1.6	49%
calgary	T3A	edgemont	51	$556,625	-3.8%	-3.0%	1.0%	3.6	3.5	1.9	48%
calgary	T2Z	mountain park	52	$664,039	-1.4%	5.9%	3.5%	3.5	3.6	1.6	49%
calgary	T2J	willow park	53	$500,050	6.7%	2.7%	0.1%	4.1	3.0	2.4	41%
calgary	T2J	deer ridge	54	$360,505	-1.5%	-5.6%	1.6%	4.1	3.0	2.4	41%
calgary	T2W	cedarbrae	55	$363,685	4.9%	1.8%	-2.5%	4.4	2.7	3.0	42%
calgary	T2W	southwood	56	$413,400	9.0%	0.6%	0.3%	4.4	2.7	3.0	42%
calgary	T2J	ace	57	$222,717	-9.9%	-11.2%	-12.0%	4.0	3.0	2.4	41%
calgary	T3K	harvest hills	58	$404,626	2.5%	-2.6%	-8.7%	4.1	2.9	1.6	53%
calgary	T3K	beddington heights	59	$334,977	0.2%	-8.6%	-13.3%	4.1	2.9	1.6	53%
calgary	T2Y	evergreen estates-shawnee slopes	60	$486,319	-3.9%	-5.2%	-9.5%	3.7	3.3	2.0	52%
calgary	T2J	bonavista downs	61	$557,154	4.9%	6.6%	8.4%	4.0	3.0	2.4	41%
calgary	T3G	rocky ridge	62	$488,046	-20.7%	2.8%	-18.9%	3.2	3.7	1.2	50%
calgary	T3K	macewan glen	63	$412,911	1.7%	-4.3%	-2.3%	4.0	2.9	1.6	53%
calgary	T3N	northeast	64	$372,736	-0.9%	-11.0%	-14.3%	3.9	3.0	1.0	53%
calgary	T3K	country hills village	65	$289,190	-3.7%	-14.3%	-17.6%	4.0	2.9	1.6	53%
calgary	T3A	hamptons	66	$721,725	0.6%	1.4%	-2.4%	3.3	3.5	1.9	48%
calgary	T3K	panorama hills	67	$425,588	-2.8%	-2.6%	1.2%	3.9	2.9	1.6	53%
calgary	T3K	sandstone valley	68	$396,365	-1.4%	-9.1%	-8.6%	3.9	2.9	1.6	53%
calgary	T2W	canyon meadows	69	$375,463	-4.5%	5.2%	-2.7%	4.1	2.7	3.0	42%
calgary	T2W	braeside	70	$320,407	-5.6%	-2.3%	-7.0%	4.1	2.7	3.0	42%
calgary	T2J	maple ridge	71	$575,013	3.1%	2.6%	-4.2%	3.8	3.0	2.4	41%
calgary	T2J	willow park est.	72	$811,468	19.9%	-2.1%	22.4%	3.7	3.0	2.4	41%
calgary	T3B	spruce cliff	73	$559,117	13.0%	2.2%	2.5%	4.1	2.6	1.2	37%
calgary	T3B	greenwood village	74	$288,812	-6.5%	1.6%	-33.1%	4.1	2.6	1.2	37%
calgary	T3K	coventry hills	75	$378,848	-11.4%	-4.6%	-9.0%	3.7	2.9	1.6	53%
calgary	T2W	woodbine	76	$518,220	3.8%	-0.8%	4.3%	3.9	2.7	3.0	42%
calgary	T2V	kelvin grove	77	$699,512	26.3%	24.4%	6.8%	4.5	2.1	2.6	31%
calgary	T2J	lake bonavista	78	$579,612	1.0%	-5.9%	10.0%	3.6	3.0	2.4	41%
calgary	T2J	parkland	79	$650,852	4.4%	0.8%	-3.0%	3.6	3.0	2.4	41%
calgary	T3B	silver springs	80	$519,113	6.1%	2.0%	-6.0%	4.0	2.6	1.2	37%
calgary	T2C	lynnwood ridge	81	$315,610	-2.4%	-5.7%	-14.3%	4.1	2.3	2.6	39%
calgary	T2V	haysboro	82	$438,147	0.1%	13.1%	11.5%	4.3	2.1	2.6	31%
calgary	T3E	lincoln park cfb	83	$626,088	20.3%	6.9%	15.5%	4.3	2.1	2.9	34%
calgary	T2S	cliff bungalow	84	$447,499	-4.3%	-1.2%	-1.8%	3.8	2.5	3.9	19%
calgary	T2W	woodlands	85	$519,403	0.2%	-7.2%	-22.0%	3.6	2.7	3.0	42%
calgary	T3B	montgomery	86	$616,738	3.6%	-1.9%	17.0%	3.7	2.6	1.2	37%
calgary	T3B	bowness	87	$518,204	-7.2%	3.4%	8.3%	3.7	2.6	1.2	37%
calgary	T2C	riverbend	88	$481,595	2.6%	-6.8%	0.5%	3.9	2.3	2.6	39%
calgary	T2S	roxboro	89	$697,769	7.6%	3.5%	10.1%	3.7	2.5	3.9	19%
calgary	T2T	bankview	90	$418,228	-8.2%	-20.0%	0.8%	3.5	2.7	2.9	25%
calgary	T2L	collingwood	91	$773,151	16.6%	4.8%	16.7%	3.8	2.4	3.4	32%
calgary	T3E	glamorgan	92	$389,333	2.1%	-6.5%	2.3%	4.1	2.1	2.9	34%
calgary	T2L	brentwood	93	$555,917	2.3%	1.5%	-3.8%	3.8	2.4	3.4	32%
calgary	T2T	lower mount royal	94	$402,748	-15.5%	-4.2%	-34.4%	3.4	2.7	2.9	25%
calgary	T2V	palliser	95	$417,528	1.4%	-7.8%	-1.4%	4.0	2.1	2.6	31%
calgary	T2E	vista heights	96	$322,887	17.8%	8.7%	7.7%	5.0	1.1	2.2	25%
calgary	T2S	mission	97	$439,701	-10.5%	-14.3%	-6.3%	3.5	2.5	3.9	19%
calgary	T2M	capitol hill	98	$685,076	10.5%	3.1%	2.9%	3.8	2.1	4.1	30%
calgary	T2V	windsor park	99	$708,306	7.4%	11.8%	15.6%	3.8	2.1	2.6	31%
calgary	T2V	oakridge	100	$446,956	-1.6%	-7.4%	-15.2%	3.8	2.1	2.6	31%
calgary	T3J	castleridge	101	$334,120	0.8%	-1.1%	-2.0%	4.3	1.6	2.1	58%
calgary	T2L	charleswood	102	$671,092	-1.6%	3.7%	4.2%	3.5	2.4	3.4	32%
calgary	T2V	kingsland	103	$409,322	-11.6%	-3.2%	-7.4%	3.7	2.1	2.6	31%
calgary	T2T	south calgary	104	$584,129	-15.3%	-3.0%	-9.2%	3.1	2.7	2.9	25%
calgary	T3E	lakeview	105	$659,147	6.1%	4.9%	1.4%	3.7	2.1	2.9	34%
calgary	T3B	valley ridge	106	$587,001	-8.7%	-8.8%	-9.9%	3.2	2.6	1.2	37%
calgary	T2N	sunnyside	107	$503,998	-11.7%	-13.9%	8.1%	3.3	2.4	2.6	27%
calgary	T3E	lincoln park	108	$235,289	-11.3%	-22.7%	-44.5%	3.6	2.1	2.9	34%
calgary	T3E	rutland park	109	$592,054	-3.2%	3.6%	11.0%	3.6	2.1	2.9	34%
calgary	T3E	glenbrook	110	$459,798	-10.5%	2.0%	-11.0%	3.6	2.1	2.9	34%
calgary	T2S	erlton	111	$546,707	-22.9%	10.7%	-15.5%	3.2	2.5	3.9	19%
calgary	T3J	falconridge	112	$279,901	-4.5%	-10.1%	-11.5%	4.1	1.6	2.1	58%
calgary	T3J	castleridge est.	113	$339,744	-2.6%	-6.1%	-7.1%	4.1	1.6	2.1	58%
calgary	T3J	martindale	114	$355,608	-2.0%	-5.5%	-6.8%	4.1	1.6	2.1	58%
calgary	T3J	taradale	115	$345,317	-0.6%	-8.0%	-12.3%	4.1	1.6	2.1	58%
calgary	T2T	richmond park-knob hill	116	$745,423	-5.5%	-5.8%	-12.8%	2.9	2.7	2.9	25%
calgary	T3E	killarney-glengarry	117	$669,225	1.9%	2.5%	0.9%	3.5	2.1	2.9	34%
calgary	T3B	varsity estates	118	$925,150	1.0%	10.2%	5.2%	3.0	2.6	1.2	37%
calgary	T2T	cfb currie	119	$902,916	2.7%	-1.6%	-6.1%	2.9	2.7	2.9	25%
calgary	T2E	east mayland heights	120	$356,919	7.7%	-2.5%	3.4%	4.4	1.1	2.2	25%
calgary	T3C	scarboro	121	$683,835	31.7%	8.6%	-11.0%	4.4	1.1	4.5	27%
calgary	T3E	glendale	122	$594,165	-5.6%	-4.7%	8.4%	3.4	2.1	2.9	34%
calgary	T2M	tuxedo	123	$545,294	-8.2%	-7.7%	-15.3%	3.3	2.1	4.1	30%
calgary	T2N	parkdale	124	$818,492	-5.2%	10.6%	-10.8%	3.0	2.4	2.6	27%
calgary	T1Y	temple	125	$322,106	4.6%	-5.3%	-8.7%	4.3	1.1	1.9	49%
calgary	T2K	thorncliffe	126	$358,328	4.5%	-4.4%	-6.0%	4.3	1.2	2.8	37%
calgary	T2V	chinook park	127	$651,963	-2.4%	-5.2%	-0.8%	3.3	2.1	2.6	31%
calgary	T2N	west hillhurst	128	$803,992	-0.9%	-1.0%	-12.8%	3.0	2.4	2.6	27%
calgary	T1Y	rundle	129	$311,534	0.9%	-4.8%	-6.4%	4.3	1.1	1.9	49%
calgary	T3J	coral springs	130	$458,345	-3.0%	-4.1%	-12.5%	3.8	1.6	2.1	58%
calgary	T1Y	whitehorn	131	$327,116	-0.7%	-5.3%	-8.1%	4.2	1.1	1.9	49%
calgary	T2N	st. andrews heights	132	$883,946	-1.6%	2.0%	-7.4%	2.8	2.4	2.6	27%
calgary	T2M	mount pleasant	133	$713,606	0.8%	-12.9%	-11.5%	3.1	2.1	4.1	30%
calgary	T1Y	pineridge	134	$278,148	-8.5%	-2.4%	-7.6%	4.1	1.1	1.9	49%
calgary	T2N	briar hill	135	$962,723	8.8%	-8.9%	-5.3%	2.8	2.4	2.6	27%
calgary	T3C	upper scarboro-sunalta	136	$276,879	-8.6%	1.3%	-22.1%	4.1	1.1	4.5	27%
calgary	T2K	hurtington hills	137	$351,439	-2.5%	-7.0%	-10.6%	4.0	1.2	2.8	37%
calgary	T1Y	monterey park	138	$373,161	-0.3%	-6.2%	-9.3%	4.0	1.1	1.9	49%
calgary	T2M	banff trail	139	$642,454	-11.2%	-9.0%	-14.4%	3.0	2.1	4.1	30%
calgary	T2B	dover	140	$260,166	3.5%	-0.1%	-2.5%	4.6	0.5	3.4	37%
calgary	T2H	fairview	141	$436,820	-2.2%	-4.3%	-1.0%	3.9	1.2	2.1	32%
calgary	T3J	saddle ridge	142	$405,617	-19.5%	-4.9%	-0.6%	3.5	1.6	2.1	58%
calgary	T2S	elboya	143	$1,049,731	11.5%	-13.9%	-16.5%	2.5	2.5	3.9	19%
calgary	T2A	red carpet-mountainview mobile park	144	$144,979	-3.2%	-4.5%	2.6%	4.6	0.3	3.1	43%
calgary	T2E	mayland heights	145	$392,459	-6.8%	-5.7%	3.9%	3.9	1.1	2.2	25%
calgary	T2E	bridgeland	146	$484,184	0.2%	-1.9%	-3.2%	3.9	1.1	2.2	25%
calgary	T2C	ogden-lynnwood	147	$365,647	-40.6%	-28.7%	5.4%	2.6	2.3	2.6	39%
calgary	T2B	dover glen	148	$275,214	0.7%	-0.5%	-9.4%	4.4	0.5	3.4	37%
calgary	T2A	fonda	149	$250,923	2.5%	-1.0%	-4.9%	4.5	0.3	3.1	43%
calgary	T2K	north haven	150	$472,394	-3.0%	-8.9%	-8.3%	3.7	1.2	2.8	37%
calgary	T2B	west dover	151	$257,275	-3.2%	-3.6%	-4.9%	4.3	0.5	3.4	37%
calgary	T3C	westgate	152	$505,140	0.3%	-5.6%	-14.8%	3.7	1.1	4.5	27%
calgary	T2N	hillhurst	153	$539,597	-23.1%	-42.6%	-15.1%	2.3	2.4	2.6	27%
calgary	T2A	penbrooke	154	$264,660	1.2%	-1.9%	-8.5%	4.4	0.3	3.1	43%
calgary	T2T	altadore river park	155	$956,635	-7.6%	-19.1%	-20.3%	2.1	2.7	2.9	25%
calgary	T3C	shaganappi	156	$496,981	-7.4%	2.3%	-8.9%	3.6	1.1	4.5	27%
calgary	T2E	renfrew	157	$592,715	-0.4%	6.0%	-10.3%	3.7	1.1	2.2	25%
calgary	T3C	rosscarrock	158	$635,663	0.6%	3.3%	9.2%	3.6	1.1	4.5	27%
calgary	T2G	victoria park	159	$408,939	-6.0%	-16.5%	-15.7%	3.6	1.1	3.2	12%
calgary	T2J	lake bonavista est.	160	$936,295	-24.0%	-17.9%	-9.8%	1.7	3.0	2.4	41%
calgary	T2K	highwood	161	$532,843	-3.4%	-7.8%	-9.9%	3.5	1.2	2.8	37%
calgary	T2A	albert park	162	$365,129	2.5%	5.0%	-6.5%	4.3	0.3	3.1	43%
calgary	T2M	crescent heights	163	$814,452	-21.5%	4.4%	0.7%	2.5	2.1	4.1	30%
calgary	T2K	highland park	164	$535,600	-10.9%	3.3%	-7.0%	3.5	1.2	2.8	37%
calgary	T2G	inglewood	165	$439,080	-7.4%	-12.8%	-19.2%	3.5	1.1	3.2	12%
calgary	T2A	abbeydale	166	$270,362	-1.1%	-5.5%	-10.4%	4.3	0.3	3.1	43%
calgary	T2B	erin woods	167	$298,621	-3.2%	-6.6%	-9.9%	4.1	0.5	3.4	37%
calgary	T2A	marlborough park	168	$301,546	-0.1%	-5.2%	-9.8%	4.2	0.3	3.1	43%
calgary	T2R	south downtown	169	$341,206	-11.0%	-10.2%	-14.4%	3.7	0.8	4.9	8%
calgary	T2E	winston heights-mountview	170	$609,899	-2.3%	-0.6%	-8.6%	3.5	1.1	2.2	25%
calgary	T2A	applewood park	171	$287,815	-2.3%	-10.1%	-9.9%	4.1	0.3	3.1	43%
calgary	T2V	pump hill	172	$1,413,686	35.8%	-21.6%	30.9%	2.4	2.1	2.6	31%
calgary	T2A	marlborough	173	$330,257	-2.1%	-5.6%	-6.2%	4.1	0.3	3.1	43%
calgary	T2G	downtown east village	174	$486,942	-10.2%	-11.9%	-14.4%	3.3	1.1	3.2	12%
calgary	T2G	downtown	175	$389,804	-11.7%	-24.0%	-39.6%	3.2	1.1	3.2	12%
calgary	T2B	forest lawn	176	$317,805	-1.9%	-20.7%	-14.9%	3.9	0.5	3.4	37%
calgary	T2G	ramsay	177	$597,886	-22.9%	13.8%	14.3%	3.2	1.1	3.2	12%
calgary	T2G	highfield	178	$421,730	-16.6%	-23.4%	-12.8%	3.1	1.1	3.2	12%
calgary	T2A	forest heights	179	$289,035	-15.1%	-5.2%	0.8%	3.9	0.3	3.1	43%
calgary	T2M	rosedale	180	$1,478,150	13.5%	9.1%	37.2%	2.1	2.1	4.1	30%
calgary	T2S	elbow park	181	$1,228,629	2.0%	-11.3%	-38.7%	1.7	2.5	3.9	19%
calgary	T2K	cambrian heights	182	$631,820	-14.0%	-6.0%	0.2%	3.0	1.2	2.8	37%
calgary	T2S	rideau park	183	$1,626,389	-8.6%	12.8%	142.8%	1.6	2.5	3.9	19%
calgary	T2A	radisson heights	184	$293,122	-16.6%	-16.3%	0.9%	3.7	0.3	3.1	43%
calgary	T2P	west end	185	$383,090	0.6%	-7.2%	-15.2%	4.0	0.0	4.7	16%
calgary	T2P	eau claire	186	$709,912	9.6%	4.9%	-6.3%	3.6	0.0	4.7	16%
calgary	T3C	wildwood	187	$761,506	-0.8%	-61.7%	-33.9%	2.0	1.1	4.5	27%
calgary	T2T	mount royal	188	$1,893,272	-3.3%	-7.7%	-16.7%	0.0	2.7	2.9	25%

Value: Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum: Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Calgary is the largest city in the Canadian prairies and in Alberta, with a population of 1.392 million in 2016. Originally, the city was divided into quadrants (North-East, North-West, South-West, and South-East), each with their unique benefits to residents. Calgary is a part of the Calgary Metropolitan Region, which includes the cities of Airdrie and Chestermere, along with numerous surrounding towns and villages.

Why we’re watching Calgary

Unlike many of the other regions we’re watching, coming into the pandemic, Calgary’s real estate was already in a period of decline after the province’s 2015 recession. However, despite the pandemic, 2020 was one of the city’s most stable years for real estate prices in recent memory—signalling that 2021 could be the year the Calgary market makes a strong return.

Pre-COVID real estate market

Canadians choose Calgary for its unique setting as an urban centre with ample connection to nature. The city is situated in the eastern foothills of the Rocky Mountains, which residents can explore in less than an hour drive. Within the city, residents do not have to sacrifice on amenities: Great dining experiences, unique shopping and a highly-utilized light-rail transit system are easily accessible.

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Although Calgary is largely known for its energy sector, which accounts for nearly 30% of the region’s economy, it also has the highest concentration of head offices in Canada, and the second-highest concentration of small businesses, reflecting a growing and diversifying the economy. The city also acts as a major transportation hub for the Prairies, eastern British Columbia and some parts of the Northern United States. It is connected through the Calgary Regional Airport, the CANAMEX Highway, and and TransCanada highway, which helps to build a growing number of opportunities for Canadians in the city.

Despite these benefits, as a result of the 2015 provincial recession, real estate prices in Calgary are considerably lower than the Canadian average. The city also boasts the second-lowest cost of living in all of Canada—so for Canadians looking for an urban lifestyle at an affordable price point, Calgary is an option that shouldn’t be overlooked.

Before the pandemic, Calgary was still recovering from the impacts of the province’s 2015 recession, and another mild decline in 2019, with unemployment rates adding continued downward pressure on real estate prices. This being said, February of 2020 showed promise of modest improvement. While sales volume was still well below long-term trends and the average price of a home was still 11% lower than the monthly high in 2014, sales volume had increased 23% from the year prior—which was one of the slowest months on record since the ’90s.

This gain was enough to have real estate experts hopeful that 2020 could be the year that Calgary rebounded. During the first quarter, detached homes, semi-detached homes, and condos were selling for an average price of $479,883, $385,300, and $244,767, respectively.

Impact of COVID-19

Although all of Canada was hugely impacted when the global pandemic reached the country in March 2020, due to the steep decline in oil prices at the beginning of the pandemic, Calgary’s economy was in a particularly concerning situation. However, with a simultaneous decrease in both supply and demand for real estate, most housing product types saw less than a 1% decrease in price during the second quarter.

As oil prices began to rebound in the coming months, the regional economy became more hopeful. Similar to trends seen in the rest of Canada, more spacious properties, like detached or semi-detached homes, recovered the fastest. By the third quarter, these property types had recovered to their pre-pandemic average prices, with apartments recovering shortly thereafter in the fourth quarter.

Future outlook

Although overall price growth in 2020 was negative, it was Calgary’s smallest decline in recent years. Overall prices decreased 1.68% in 2018, and 3.40% in 2019, but only 0.68% in 2020.

Looking to today, Calgary’s market is off to a positive start in 2021, with 5,945 transactions taking place in the first quarter. Price growth is up year over year amongst all home types. Detached homes have seen their best month for sales since their previous high before the recession in 2014, increasing 5.29% to an average of $503,900.

Despite the uncertainty brought by the pandemic, the city’s real estate market has shown real promise. Coupled with a stronger-than-anticipated recovery of the energy sector (with the estimated timeline to recover lost pandemic jobs bumped to 2022, up from previous estimates of 2023), this could be the year that Calgary breaks its annual trend of year-over-year price losses.

“What we’re seeing in Calgary is the story of a city that’s finding its feet after a few long years of recession,” explains Lauren Haw, the CEO of Zoocasa. “The fact that 2020 was the city’s strongest year in recent memory, despite the challenges brought by COVID-19, and that the first quarter of 2021 has seen price gains across all housing types, gives me hope that this year could turn the tides. This makes investing in Calgary a great choice for Canadians who want to experience a vibrant city lifestyle more affordably than most places in the country.”

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Calgary neighbourhoods

Strathcona Park

Like all of our top-rated neighbourhoods in Calgary, Strathcona Park is located in the city’s southwest quadrant, but offers a lower price point than other popular neighbourhoods, such as Aspen Woods or Signal Hill.

Strathcona Park borders the Bow Trail Highway for easy commuting by car to the rest of the city, and is within walking distance to the CTrain, Calgary’s LRT network. All of the homes in this neighbourhood are detached and were typically built in the 1980s. This neighbourhood is perfect for nature lovers, with the Greenway Trail (a network of parks and trails that connects 55 communities around the community) right in your backyard.

Before COVID-19, Strathcona Park showed enduring value in the face of years of decreasing property prices across Calgary. The average price for a home in 2020 was $615,860, marking an 8.6% price increase over the last five years. Given the rise in demand for detached suburban homes with access to green space during the pandemic, it’s no surprise that after the initial hit of COVID-19, home prices in the area soared, rising 15.1% from the previous year.

“Strathcona Park has long been known as a family-friendly neighbourhood in Calgary,” explains local real estate agent Jesse Davies. “It’s an area that easily meets the changing needs of residents who are looking for more space during the pandemic.”

Given how resilient this neighbourhood has been to past pricing changes in the city, Strathcona Park remains a wise investment.

Coach Hill

Located directly north of Strathcona Park in the city’s southwest quadrant, Coach Hill offers the same excellent amenities found in this suburban community at even more affordable prices. Compared to the rest of Calgary, Coach Hill has a higher percentage of semi-detached and rowhouses, up 2.6% and 23.2% respectively, according to The City of Calgary’s Community & Neighbourhood Services, Social Policy and Planning Department. This makes it the ideal community for Calgarians looking for more living space during the pandemic, but who do not have the budget for a detached home.

Although Calgary saw negative price growth in the years leading up to the pandemic, Coach Hill fared better than the rest of the city. The average price of a home in Coach Hill in 2020 was $532,314, a 0.5% decline from five years ago—which is significantly better than the city’s average decline of 5.01%. With demand rising across the country for houses with more space during the lockdown, Coach Hill met that need at an excellent price point. As a result, property values grew 4.3% in the last year.

“Although the demand for detached homes has grown nationwide during the pandemic, semi-detached and rowhouses that allow homeowners to upsize from their smaller condos or apartments have also become increasingly popular,” explains Lauren Haw, the CEO of Zoocasa. “Neighbourhoods like Coach Hill are ones to watch because of their value proposition. You get access to all of the amenities the southwest has to offer at a more affordable price point.”

Given its prime location near multiple parks and green spaces, with convenient access to transit into the city’s core, Coach Hill is a great option for families to get into a desirable community at an entry-level price point. As a result, we anticipate demand for this community to remain strong in the coming years.

About Zoocasa

Zoocasa is an award-winning consumer real estate search portal. It uses data and technology to deliver an intelligent, end-to-end real estate experience.