Best places to buy real estate in Calgary

Table of contents: Best places to buy in Calgary (tap to open)

Methodology

How to read the results table

The table highlights the top 50 neighbourhoods in Calgary. To view the complete data set for all 155 Calgary neighbourhoods, visit this page.

Benchmark price 2023: An average of the composite benchmark price throughout 2023. It represents all property types, including attached and detached homes, townhouses/row units and apartment units.
1-year, 3-year and 5-year growth: The percentage increase or decrease in the composite benchmark price (all property types) over each time frame.
Value, economics and accessibility: These neighbourhood characteristics are each scored on a scale of 0 to 5, with 5 representing the most value for your money, high levels of income and education, and ease of travel by foot, bike and public transit.
Children: The neighbourhood’s percentage of households with kids.

Best places to buy real estate in Calgary

In the table below, you’ll find the top Calgary neighbourhoods for real estate purchases. To view all the data, slide the columns right or left using your fingers or mouse. You can download the data to your device in Excel, CSV and PDF formats.

wdt_ID	Rank	Neighbourhood	City	Benchmark price 2023	1-year growth	3-year	5-year	Value	Economics	Accessibility	Children (%)
1	1	Patterson	Calgary	$552,006	-8%	30%	12%	2.8	5.0	2.3	53%
2	2	Coach Hill	Calgary	$539,644	6%	3%	5%	2.7	5.0	2.3	53%
3	3	Cougar Ridge	Calgary	$626,914	-3%	16%	9%	2.6	5.0	2.3	53%
4	4	Tuscany	Calgary	$580,369	-3%	10%	6%	2.6	4.9	1.8	57%
5	5	Scenic Acres	Calgary	$617,960	-9%	16%	9%	2.5	4.9	1.8	57%
6	6	Christie Park	Calgary	$732,586	-6%	10%	7%	2.2	5.0	2.3	53%
7	7	Strathcona Park	Calgary	$587,015	-15%	-15%	4%	2.2	5.0	2.3	53%
8	8	Signal Hill	Calgary	$720,216	-13%	8%	11%	2.2	5.0	2.3	53%
9	9	West Springs	Calgary	$777,348	-2%	8%	4%	2.2	5.0	2.3	53%
10	10	Kincora	Calgary	$477,515	2%	7%	11%	2.9	4.3	0.0	54%
11	11	Discovery Ridge	Calgary	$669,682	-21%	7%	-8%	2.1	5.0	2.3	53%
12	12	Seton	Calgary	$441,357	-4%	22%	6%	3.0	4.0	2.4	54%
13	13	Evanston	Calgary	$523,039	-5%	17%	4%	2.7	4.2	1.2	57%
14	14	Midnapore	Calgary	$456,801	-4%	9%	9%	2.9	3.9	2.6	54%
15	15	Cranston	Calgary	$544,904	-10%	13%	8%	2.6	4.0	2.4	54%
16	16	Sundance	Calgary	$600,699	2%	22%	13%	2.7	3.9	2.6	54%
17	17	Ranchlands	Calgary	$398,343	-15%	10%	11%	2.9	3.7	1.3	50%
18	18	Springbank Hill	Calgary	$925,953	-18%	13%	-11%	1.6	5.0	2.3	53%
19	19	Citadel	Calgary	$467,123	-1%	3%	11%	2.8	3.7	1.3	50%
20	20	Auburn Bay	Calgary	$528,062	-16%	9%	2%	2.5	4.0	2.4	54%
21	21	Royal Oak	Calgary	$524,425	1%	11%	11%	2.8	3.7	1.3	50%
22	22	Aspen Woods	Calgary	$931,302	-28%	7%	7%	1.5	5.0	2.3	53%
23	23	McKenzie Towne	Calgary	$397,827	-9%	9%	4%	2.9	3.6	1.6	49%
24	24	Millrise	Calgary	$408,751	8%	15%	6%	3.1	3.3	2.0	52%
25	25	Chaparral	Calgary	$555,158	-15%	18%	13%	2.6	3.9	2.6	54%
26	26	Dalhousie	Calgary	$430,661	3%	-1%	4%	2.9	3.5	2.0	48%
27	27	Arbour Lake	Calgary	$503,731	-13%	12%	11%	2.7	3.7	1.3	50%
28	28	New Brighton	Calgary	$446,630	-12%	15%	7%	2.8	3.6	1.6	49%
29	29	Rocky Ridge	Calgary	$538,842	3%	6%	-4%	2.7	3.7	1.3	50%
30	30	Hawkwood	Calgary	$549,079	-16%	18%	11%	2.6	3.7	1.3	50%
31	31	Evergreen	Calgary	$431,466	2%	8%	5%	2.9	3.3	2.0	52%
32	32	Copperfield	Calgary	$524,331	-22%	22%	15%	2.6	3.6	1.6	49%
33	33	Shawnessy	Calgary	$376,440	-11%	7%	4%	2.9	3.3	2.0	52%
34	34	Country Hills Village	Calgary	$343,023	3%	21%	7%	3.3	2.9	1.7	53%
35	35	Varsity	Calgary	$490,693	-4%	0%	-2%	2.6	3.5	2.0	48%
36	36	Edgemont	Calgary	$634,614	3%	15%	11%	2.6	3.5	2.0	48%
37	37	Somerset	Calgary	$511,217	-9%	21%	14%	2.8	3.3	2.0	52%
38	38	Deer Ridge	Calgary	$406,140	1%	13%	17%	3.1	3.0	2.5	41%
39	39	Hidden Valley	Calgary	$540,409	-18%	11%	12%	2.5	3.5	2.0	48%
40	40	Douglasdale/Glen	Calgary	$652,380	-5%	11%	16%	2.5	3.6	1.6	49%
41	41	Beddington Heights	Calgary	$401,170	-7%	22%	9%	3.0	2.9	1.7	53%
42	42	Bridlewood	Calgary	$403,462	-35%	10%	3%	2.6	3.3	2.0	52%
43	43	Harvest Hills	Calgary	$452,014	-3%	18%	9%	3.0	2.9	1.7	53%
44	44	Greenwood/Greenbriar	Calgary	$351,510	-14%	35%	27%	3.3	2.6	1.2	37%
45	45	Coventry Hills	Calgary	$443,318	-5%	12%	13%	2.9	2.9	1.7	53%
46	46	Sandstone Valley	Calgary	$462,227	-8%	17%	13%	2.9	2.9	1.7	53%
47	47	Panorama Hills	Calgary	$465,310	-5%	15%	8%	2.9	2.9	1.7	53%
48	48	Deer Run	Calgary	$496,830	-8%	14%	9%	2.8	3.0	2.5	41%
49	49	Acadia	Calgary	$432,771	-13%	8%	3%	2.8	3.0	2.5	41%
50	50	Country Hills	Calgary	$406,691	-11%	14%	-13%	2.8	2.9	1.7	53%

Source: Zoocasa

Top three neighbourhoods in Calgary

1. Patterson

Patterson is situated on the western outskirts of Calgary. It was first developed in the 1980s and is known for its spectacular views of the Bow River Valley and the surrounding grasslands and woodlands. The neighbourhood is still in development, giving pre-construction buyers the opportunity to customize their home. In 2023, Patterson’s benchmark home price was $552,006. Price growth in this popular neighbourhood has slowed slightly over the previous year—the 2023 benchmark price was 8% lower than in 2022. However, compared to 2020, it was 30% higher, contributing to a value score of 2.8. Patterson has a perfect neighbourhood economics score of 5.0, thanks to high levels of household income and education, as well as a high percentage of property owners.

Many people choose to live in Patterson because of the amazing mountain vistas to the west and the beautiful city views to the east. Edworthy Park, which is a terrific spot to get fresh air and interact with nature, borders the region as well. There are nine schools in the area, making it an excellent option for the 53% of households with children. With its meandering streets and hills, however, the neighbourhood has an accessibility score of only 2.3.

View Patterson real estate listings on Zoocasa.

2. Coach Hill

Coach Hill is conveniently situated in southwest Calgary and adjacent to the Bow Trail expressway, making for a short commute to the city. The neighbourhood has had modest home price growth in recent years. The 2023 benchmark home price was $539,644, which was 6% higher than in 2022, 3% higher than in 2020, and 5% higher than in 2018. Like Patterson, Coach Hill has a neighbourhood economics score of 5.0, but it falls just shy of Patterson on value, with a score of 2.7.

Almost any home buyer can find what they are looking for among Coach Hill’s collection of townhomes, detached homes and condos. The neighbourhood is famed for its breathtaking views of downtown Calgary. It also has well-established roadways with mature trees. Because Coach Hill is on the Bow Trail, working professionals can easily commute to downtown Calgary if needed. There’s also good access to public transportation, with the 69 Street CTrain stop not far away.

View Coach Hill real estate listings on Zoocasa.

3. Cougar Ridge

Positioned at the city’s western periphery, and with views of the Rockies, Cougar Ridge is surrounded by the Paskapoo Slopes and Canada Olympic Park to the north, 69 Street W to the east, 101 Street W to the west, and Old Banff Coach Road to the south. The benchmark home price in Cougar Ridge has fluctuated in recent years. In 2023 it was $626,914, which was 3% lower than in 2022, 16% higher than in 2020, and 9% higher than in 2018. Cougar Ridge has a value score of 2.6 and a perfect neighbourhood economics score of 5.0.

Cougar Ridge boasts convenient access to inner-city skiing at WinSport and hassle-free day trips to Kananaskis Country. The community also has shopping centres and a public library. The neighbourhood and its surrounding areas offer a diverse range of private and public schools (spanning from kindergarten to grade 12) that cater to the 53% of households with children.

View Cougar Ridge real estate listings on Zoocasa.

What’s happened in the Calgary real estate market?

In 2023, real estate market conditions in Calgary were stronger than in most other major markets in Canada. The benchmark home price climbed for much of the year and reached a record-high $557,400 in November. Between January and December, the city’s benchmark price increased by about 10%.

Still, Calgary homes were less than half the price of similar homes in Vancouver or Toronto, which drew a lot of out-of-province buyers, says Mark Neustaedter, a local eXp real estate agent. (Zoocasa, the author of this study, is wholly owned by eXp World Holdings.) That demand has ultimately driven prices up, he says.

While this trend benefited current home owners, helping them build more equity in their homes, first-time home buyers were pushed toward more affordable property types—especially as prices for detached homes increased.

“Overall, the story for 2023 in Calgary real estate was soaring apartment condo sales,” adds Neustaedter. There wasn’t as much inventory for other property types, so “apartment condos were the only segment to experience year-over-year sales gains,” he says.

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What’s next for real estate in Calgary?

Calgary’s benchmark home price hit a new record high of $557,500 in January 2024, signalling a strong start to the year. But as inventory remains low and migration continues to fuel demand, Calgary’s real estate market will likely favour sellers in 2024.

“I don’t think this year is going to be a whole lot different from last year, but it might get even busier if interest rates come down,” Neustaedter says. “I think then you’ll start to see the move-up people move up and the downsizers downsize. That’s if we see the inventory return.”

As supply remains tight, those entering the Calgary market this year should expect to compete and to need to make swift decisions. “My advice to buyers this year is to hone in on your wishlist. What are the absolute must-haves and what are you willing to compromise on?” says Neustaedter. “For sellers, look at where to buy first. You won’t have a challenge selling your home if it’s priced right, but with inventory down, you will have more of a challenge finding a new home.”

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This article was created by Zoocasa.

This is an unpaid article. It was written by a content partner based on its expertise and edited by MoneySense.

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About Zoocasa

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