Best Deals in Real Estate 2015: Calgary

Calgary’s top neighbourhoods

Communities best positioned to grow when the economy rebounds

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Eau Claire residents bike through Prince’s Island Park (Tourism Calgary)

Eau Claire residents bike through Prince’s Island Park (Tourism Calgary)

The slide in Calgary’s housing market is a hot topic these days, but most Calgarians aren’t too worried. Certainly, the oil slump will dampen home prices in the short term, but Alberta’s largest city is a more resilient than it used to be. With a mayor who captures headlines for all the right reasons—Naheed Nenshi recently won the World Mayor Prize—and a six-part economic plan to keep the economy going, most native Calgarians know that the city is diverse enough to weather the immediate storm and boom once again.

When we crunched the numbers for Calgary, we looked for growth communities that would minimize the risk of falling prices. Our No. 1-ranked neighbourhood is Glenbrook, a solid, middle-class community in the southwest, built just before the 1970s oil boom. Glenbrook features a grid of well-kept bungalows, “but it’s a neighbourhood in transition,” says Kevin Seitz, local realtor with Discover Real Estate Ltd. “Grandparents still live in this well-maintained community, but now the next generation of families is buying, moving in and renovating.”

Although the area’s average house price is $30,000 more then the city average, it is still seen as offering great value thanks to great access to both the mountains and downtown. In less than an hour, residents can be in Canmore and the Rocky Mountains, and you can easily drive to downtown Calgary in just 15 minutes.

Photo galleryTop 25 Calgary neighbourhoods to buy in »

Live chat: Romana King takes reader real estate questions »

Rosscarrock, the No. 2 neighbourhood, is another southwest community dominated by raised bungalows, but the zoning for this neighbourhood now allows for infills, and developers are snapping up property. The extra-wide lots encourage building sets of two-storey, semi-detached homes with solid rooflines and stone accents. “These new builds are what attracts the urban professional who wants to start a family,” says Seitz. Those fortunate enough to buy an old bungalow can also renovate and enjoy a basic home that will appreciate as the area is developed.

In the No. 3 neighbourhood of Kingsland, average home prices are about $40,000 cheaper than the city average and as a result, houses often sell within hours of being listed. According to Seitz, the neighbourhood is “a sort of return to their roots” for many Kingsland home buyers. “Buyers are getting a decent-sized raised bungalow that lets them tear out the inner walls quite easily to make the home into an open-concept space.” Plus, the area is centrally located, just a 15-minute drive from downtown, or a short walk or bus ride to two light-rail transit stations.

Thanks to the plunge in oil prices, home-buying in Calgary is temporarily on hold, says Seitz. “The market is fickle and buyers are waiting to see if prices will drop,” he notes. But Seitz isn’t worried about the market permanently seizing up. “There are always people who need to sell or buy despite what the market is doing, so we concentrate on giving them the best options.”


Rank Rank Neighbourhood (Area) Neighbourhood (Area) Average price Average price Average price vs. area Neighbourhood price vs. metro district Neighbourhood price vs. greater city area Value grade Value grade 1-year price appreciation 5-year price appreciation Momentum grade Momentum grade Realtor grade Realtor grade
1 1 Glenbrook (Southwest) Glenbrook (Southwest) $591,083 $591,083 84.5% 106.0% 103.9% B B 17.9% 45.6% A A C C
2 2 Rosscarrock (Southwest) Rosscarrock (Southwest) $596,823 $596,823 85.3% 107.1% 104.9% B B 13.3% 55.4% A A C C
3 3 Kingsland (Southwest) Kingsland (Southwest) $526,096 $526,096 75.2% 94.4% 92.5% A A 13.6% 41.8% A A C C
4 4 Westgate (Southwest) Westgate (Southwest) $586,254 $586,254 83.8% 105.2% 103.1% B B 13.0% 43.2% B B C C
5 5 Glamorgan (Southwest) Glamorgan (Southwest) $578,492 $578,492 82.7% 103.8% 101.7% B B 17.6% 32.1% B B C C
6 6 Walden (Southeast) Walden (Southeast) $503,120 $503,120 98.1% 90.2% 88.5% D D 14.3% 54.2% A A B B
7 7 Rutland Park (Southwest) Rutland Park (Southwest) $653,982 $653,982 93.5% 117.3% 115.0% D D 14.1% 51.6% A A B B
8 8 Coach Hill (Southwest) Coach Hill (Southwest) $659,047 $659,047 94.2% 118.2% 115.9% D D 14.5% 45.3% A A B B
9 9 Lakeview (Southwest) Lakeview (Southwest) $625,527 $625,527 89.5% 112.2% 110.0% C C 10.2% 38.8% C C B B
10 10 Woodbine (Southwest) Woodbine (Southwest) $520,826 $520,826 74.5% 93.4% 91.6% A A 15.2% 23.7% C C B B
11 11 Highwood (Northwest) Highwood (Northwest) $543,694 $543,694 95.7% 97.5% 95.6% D D 19.5% 40.1% A A C C
12 12 Haysboro (Southwest) Haysboro (Southwest) $503,879 $503,879 72.1% 90.4% 88.6% A A 9.8% 30.2% D D C C
13 13 Glendale (Southwest) Glendale (Southwest) $655,385 $655,385 93.7% 117.6% 115.2% D D 21.8% 47.3% A A C C
14 14 Silverado (Southwest) Silverado (Southwest) $506,769 $506,769 72.5% 90.9% 89.1% A A 14.6% 25.2% C C C C
15 15 Richmond Hill (Southwest) Richmond Hill (Southwest) $637,133 $637,133 91.1% 114.3% 112.0% D D 11.3% 34.2% C C B B
16 16 North Glenmore Park (Southwest) North Glenmore Park (Southwest) $752,779 $752,779 107.6% 135.0% 132.4% D D 16.0% 56.6% A A B B
17 17 Deer Ridge (Southeast) Deer Ridge (Southeast) $424,220 $424,220 82.7% 76.1% 74.6% A A 13.4% 25.5% C C C C
18 18 Sunalta (Southwest) Sunalta (Southwest) $611,376 $611,376 87.4% 109.7% 107.5% C C 9.3% 33.9% C C B B
19 19 Highland Park (Northwest) Highland Park (Northwest) $533,138 $533,138 93.8% 95.6% 93.7% C C 14.8% 35.2% B B C C
20 20 Palliser (Southwest) Palliser (Southwest) $634,205 $634,205 90.7% 113.8% 111.5% C C 11.9% 33.7% C C B B
21 21 Lake Bonavista Downs (Southeast) Lake Bonavista Downs (Southeast) $462,937 $462,937 90.2% 83.0% 81.4% B B 15.5% 30.9% B B C C
22 22 Huntington Hills (Northwest) Huntington Hills (Northwest) $431,163 $431,163 75.9% 77.3% 75.8% A A 10.7% 29.2% C C D D
23 23 Silver Springs (Northwest) Silver Springs (Northwest) $550,195 $550,195 96.8% 98.7% 96.7% D D 13.4% 32.8% B B B B
24 24 Dalhousie (Northwest) Dalhousie (Northwest) $577,467 $577,467 101.6% 103.6% 101.5% D D 13.2% 35.7% B B B B
25 25 Oakridge (Southwest) Oakridge (Southwest) $519,624 $519,624 74.3% 93.2% 91.4% A A 5.0% 24.6% D D B B
26 26 Thorncliffe (Northwest) Thorncliffe (Northwest) $458,815 $458,815 80.7% 82.3% 80.7% A A 9.1% 28.4% D D C C
27 27 Regal Terrace/Renfrew (Northwest) Regal Terrace/Renfrew (Northwest) $666,957 $666,957 117.4% 119.6% 117.3% D D 16.5% 51.6% A A B B
28 28 Cedarbrae (Southwest) Cedarbrae (Southwest) $433,998 $433,998 62.1% 77.9% 76.3% A A 10.5% 26.2% D D D D
29 29 Scarboro (Southwest) Scarboro (Southwest) $1,281,919 $1,281,919 183.3% 230.0% 225.4% D D 33.2% 108.3% A A A A
30 30 Capitol Hill (Northwest) Capitol Hill (Northwest) $607,466 $607,466 106.9% 109.0% 106.8% D D 14.8% 30.3% B B A A
31 31 Killarney (Southwest) Killarney (Southwest) $661,121 $661,121 94.5% 118.6% 116.2% D D 6.9% 47.0% C C B B
32 32 Willow Park (Southeast) Willow Park (Southeast) $550,688 $550,688 107.4% 98.8% 96.8% D D 8.6% 36.7% C C A A
33 33 Evanston (Northwest) Evanston (Northwest) $497,746 $497,746 87.6% 89.3% 87.5% B B 10.4% 24.4% D D B B
34 34 Varsity Acres (Northwest) Varsity Acres (Northwest) $598,433 $598,433 105.3% 107.3% 105.2% D D 13.2% 35.4% B B B B
35 35 Hidden Valley (Northwest) Hidden Valley (Northwest) $445,794 $445,794 78.4% 80.0% 78.4% A A 11.5% 21.3% D D C C
36 36 North Haven Upper (Northwest) North Haven Upper (Northwest) $595,071 $595,071 104.7% 106.7% 104.6% D D 16.5% 37.7% A A C C
37 37 Richmond (Southwest) Richmond (Southwest) $756,314 $756,314 108.2% 135.7% 133.0% D D 16.8% 49.8% A A B B
38 38 Midnapore (Southeast) Midnapore (Southeast) $479,625 $479,625 93.5% 86.0% 84.3% C C 8.8% 34.0% C C C C
39 39 Shaganappi (Southwest) Shaganappi (Southwest) $777,025 $777,025 111.1% 139.4% 136.6% D D 16.5% 57.8% A A B B
40 40 Southwood (Southwest) Southwood (Southwest) $464,039 $464,039 66.4% 83.2% 81.6% A A 8.4% 26.8% D D D D
41 41 Citadel (Northwest) Citadel (Northwest) $482,289 $482,289 84.9% 86.5% 84.8% B B 10.7% 22.9% D D C C
42 42 South Calgary (Southwest) South Calgary (Southwest) $826,710 $826,710 118.2% 148.3% 145.4% D D 15.2% 67.1% A A B B
43 43 Beddington (Northwest) Beddington (Northwest) $411,288 $411,288 72.4% 73.8% 72.3% A A 13.1% 24.1% D D D D
44 44 Hawkwood (Northwest) Hawkwood (Northwest) $554,276 $554,276 97.5% 99.4% 97.5% D D 13.2% 29.4% C C C C
45 45 Fairview (Southeast) Fairview (Southeast) $427,009 $427,009 83.2% 76.6% 75.1% A A 8.1% 25.9% D D C C
46 46 Ramsay (Southeast) Ramsay (Southeast) $551,659 $551,659 107.5% 99.0% 97.0% D D 27.6% 40.5% A A C C
47 47 Parkhill/Stanley Park (Southwest) Parkhill/Stanley Park (Southwest) $1,070,776 $1,070,776 153.1% 192.1% 188.3% D D 21.3% 73.0% A A B B
48 48 Briar Hill (Northwest) Briar Hill (Northwest) $1,332,124 $1,332,124 234.4% 239.0% 234.2% D D 52.7% 56.0% A A A A
49 49 Charleswood (Northwest) Charleswood (Northwest) $628,125 $628,125 110.5% 112.7% 110.4% D D 10.0% 35.1% C C A A
50 50 Maple Ridge (Southeast) Maple Ridge (Southeast) $573,661 $573,661 111.8% 102.9% 100.9% D D 21.8% 27.6% B B B B
51 51 Saint Andrews (Northwest) Saint Andrews (Northwest) $1,330,147 $1,330,147 234.1% 238.6% 233.9% D D 25.0% 97.3% A A A A
52 52 Acadia (Southeast) Acadia (Southeast) $451,055 $451,055 87.9% 80.9% 79.3% B B 9.3% 23.9% D D C C
53 53 Sunnyside (Northwest) Sunnyside (Northwest) $723,981 $723,981 127.4% 129.9% 127.3% D D 48.5% 39.6% A A B B
54 54 Cougar Ridge (Southwest) Cougar Ridge (Southwest) $646,994 $646,994 92.5% 116.1% 113.8% D D 9.3% 31.6% D D B B
55 55 Garrison Woods (Southwest) Garrison Woods (Southwest) $816,214 $816,214 116.7% 146.4% 143.5% D D 10.5% 57.7% A A B B
56 56 Riverbend (Southeast) Riverbend (Southeast) $451,558 $451,558 88.0% 81.0% 79.4% B B 10.0% 23.4% D D C C
57 57 Millrise (Southwest) Millrise (Southwest) $441,220 $441,220 63.1% 79.1% 77.6% A A 8.1% 22.7% D D D D
58 58 Canyon Meadows (Southwest) Canyon Meadows (Southwest) $468,556 $468,556 67.0% 84.0% 82.4% A A 6.5% 20.2% D D B B
59 59 Sandstone (Northwest) Sandstone (Northwest) $460,599 $460,599 81.1% 82.6% 81.0% A A 11.3% 20.6% D D C C
60 60 Tuxedo (Northwest) Tuxedo (Northwest) $515,820 $515,820 90.8% 92.5% 90.7% C C 0.9% 27.0% D D B B
61 61 McKenzie Towne (Southeast) McKenzie Towne (Southeast) $460,674 $460,674 89.8% 82.6% 81.0% B B 6.3% 22.7% D D B B
62 62 North Haven (Northwest) North Haven (Northwest) $563,626 $563,626 99.2% 101.1% 99.1% D D 10.4% 31.0% C C C C
63 63 Mount Pleasant (Northwest) Mount Pleasant (Northwest) $676,146 $676,146 119.0% 121.3% 118.9% D D 13.7% 36.0% B B B B
64 64 Braeside (Southwest) Braeside (Southwest) $450,857 $450,857 64.5% 80.9% 79.3% A A 9.8% 21.0% D D D D
65 65 Spruce Cliff (Southwest) Spruce Cliff (Southwest) $776,100 $776,100 111.0% 139.2% 136.5% D D 10.4% 84.6% A A B B
66 66 Coventry Hills (Northwest) Coventry Hills (Northwest) $416,831 $416,831 73.4% 74.8% 73.3% A A 8.8% 19.7% D D C C
67 67 Bridlewood (Southwest) Bridlewood (Southwest) $425,280 $425,280 60.8% 76.3% 74.8% A A 9.5% 18.6% D D C C
68 68 Harvest Hills (Northwest) Harvest Hills (Northwest) $454,647 $454,647 80.0% 81.6% 79.9% A A 10.6% 20.7% D D D D
69 69 Mountview/Winston Heights (Northwest) Mountview/Winston Heights (Northwest) $653,597 $653,597 115.0% 117.2% 114.9% D D 9.8% 42.4% B B B B
70 70 Balmoral (Northwest) Balmoral (Northwest) $515,820 $515,820 90.8% 92.5% 90.7% C C 0.9% 27.0% D D B B
71 71 Southview (Southeast) Southview (Southeast) $390,933 $390,933 104.3% 70.1% 68.7% D D 16.0% 26.9% C C D D
72 72 Evergreen (Southwest) Evergreen (Southwest) $499,107 $499,107 71.4% 89.5% 87.8% A A 5.4% 17.5% D D B B
73 73 Sage Hill (Northwest) Sage Hill (Northwest) $531,173 $531,173 93.5% 95.3% 93.4% C C 11.0% 24.2% D D C C
74 74 Albert Park (Southeast) Albert Park (Southeast) $356,523 $356,523 95.1% 64.0% 62.7% B B 8.6% 25.1% D D C C
75 75 Country Hills (Northwest) Country Hills (Northwest) $408,693 $408,693 71.9% 73.3% 71.9% A A 3.3% 19.8% D D C C
76 76 Vista Heights (Southeast) Vista Heights (Southeast) $410,156 $410,156 109.4% 73.6% 72.1% D D 19.1% 25.1% C C C C
77 77 Woodlands (Southwest) Woodlands (Southwest) $534,207 $534,207 76.4% 95.8% 93.9% B B 2.6% 20.3% D D B B
78 78 MacEwan Glen (Northwest) MacEwan Glen (Northwest) $440,592 $440,592 77.5% 79.0% 77.5% A A 7.8% 19.0% D D C C
79 79 Meadowlark Park (Southwest) Meadowlark Park (Southwest) $722,042 $722,042 103.3% 129.5% 127.0% D D 8.3% 36.6% C C B B
80 80 Forest Heights (Southeast) Forest Heights (Southeast) $348,631 $348,631 93.0% 62.5% 61.3% B B 17.1% 26.0% C C D D
81 81 Skyview Ranch (Southeast) Skyview Ranch (Southeast) $468,964 $468,964 125.1% 84.1% 82.5% D D 11.1% 40.5% B B C C
82 82 Erlton (Southwest) Erlton (Southwest) $686,350 $686,350 98.2% 123.1% 120.7% D D (2.8) 49.9% D D C C
83 83 Shawnessy (Southwest) Shawnessy (Southwest) $424,617 $424,617 60.7% 76.2% 74.7% A A 6.8% 19.6% D D D D
84 84 Mayland Heights (Southeast) Mayland Heights (Southeast) $464,038 $464,038 123.8% 83.2% 81.6% D D 14.0% 31.9% B B C C
85 85 Crestmont (Southwest) Crestmont (Southwest) $719,598 $719,598 102.9% 129.1% 126.5% D D 8.1% 40.9% C C C C
86 86 Radisson Heights (Southeast) Radisson Heights (Southeast) $354,116 $354,116 94.5% 63.5% 62.3% B B 14.8% 16.8% D D D D
87 87 Somerset (Southwest) Somerset (Southwest) $445,113 $445,113 63.7% 79.8% 78.3% A A 8.9% 17.9% D D D D
88 88 Greenview (Northwest) Greenview (Northwest) $389,100 $389,100 68.5% 69.8% 68.4% A A (3.4) 21.5% D D D D
89 89 Ogden Lynnwood (Southeast) Ogden Lynnwood (Southeast) $347,361 $347,361 67.7% 62.3% 61.1% A A 13.3% 12.2% D D D D
90 90 Abbeydale (Southeast) Abbeydale (Southeast) $320,336 $320,336 85.5% 57.5% 56.3% A A 11.7% 21.7% D D D D
91 91 Marlborough Park (Southeast) Marlborough Park (Southeast) $358,159 $358,159 95.6% 64.2% 63.0% B B 13.9% 22.7% D D D D
92 92 Forest Lawn (Southeast) Forest Lawn (Southeast) $322,588 $322,588 86.1% 57.9% 56.7% A A 13.5% 22.7% D D D D
93 93 Temple (Southeast) Temple (Southeast) $362,432 $362,432 96.7% 65.0% 63.7% C C 14.2% 22.6% D D D D
94 94 Ranchlands (Northwest) Ranchlands (Northwest) $417,926 $417,926 73.5% 75.0% 73.5% A A 8.1% 18.1% D D D D
95 95 Falconridge (Southeast) Falconridge (Southeast) $323,416 $323,416 86.3% 58.0% 56.9% A A 11.9% 26.5% C C D D
96 96 Lynnwood Ridge (Southeast) Lynnwood Ridge (Southeast) $357,029 $357,029 69.6% 64.0% 62.8% A A 9.5% 15.5% D D D D
97 97 Penbrooke (Southeast) Penbrooke (Southeast) $323,236 $323,236 86.2% 58.0% 56.8% A A 11.5% 24.4% D D D D
98 98 Erin Woods (Southeast) Erin Woods (Southeast) $328,547 $328,547 87.7% 58.9% 57.8% A A 12.6% 18.4% D D D D
98 98 Dover (Southeast) Dover (Southeast) $317,060 $317,060 84.6% 56.9% 55.7% A A 14.2% 21.8% D D D D
100 100 Castleridge (Southeast) Castleridge (Southeast) $329,717 $329,717 88.0% 59.1% 58.0% A A 10.3% 22.8% D D D D
101 101 Pineridge (Southeast) Pineridge (Southeast) $354,240 $354,240 94.5% 63.5% 62.3% B B 11.6% 19.2% D D D D
102 102 Fonda (Southeast) Fonda (Southeast) $364,444 $364,444 97.2% 65.4% 64.1% C C 16.9% 25.4% C C D D
103 103 West Dover (Southeast) West Dover (Southeast) $366,292 $366,292 97.7% 65.7% 64.4% C C 6.3% 55.0% C C D D
104 104 Marlborough (Southeast) Marlborough (Southeast) $358,516 $358,516 95.7% 64.3% 63.0% B B 11.7% 19.5% D D D D
105 105 Rundle (Southeast) Rundle (Southeast) $374,267 $374,267 99.9% 67.1% 65.8% C C 11.5% 19.2% D D D D
106 106 Martindale (Southeast) Martindale (Southeast) $353,361 $353,361 94.3% 63.4% 62.1% B B 10.5% 18.7% D D D D
107 107 Whitehorn (Southeast) Whitehorn (Southeast) $375,403 $375,403 100.2% 67.3% 66.0% C C 11.7% 20.3% D D D D
108 108 Montgomery (Northwest) Montgomery (Northwest) $510,161 $510,161 89.8% 91.5% 89.7% C C 17.6% 41.4% A A D D
109 109 Dover Glen (Southeast) Dover Glen (Southeast) $325,878 $325,878 86.9% 58.5% 57.3% A A 9.9% 23.1% D D D D
110 110 Applewood (Southeast) Applewood (Southeast) $379,387 $379,387 101.2% 68.1% 66.7% C C 15.4% 14.1% D D D D




SOURCES: Calgary Real Estate Board, MoneySense expert realtor panel 2015
We would like to thank national licensed real estate brokerage Zoocasa for making its experienced realtors available for our expert panel.
When ranking the top neighbourhoods not all metrics were weighted equally. Read our full methodology.

 

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