Where to buy real estate in Calgary in 2019 - MoneySense

Where to buy real estate in 2019: Calgary

More than half of this year’s top 10 Calgary neighbourhoods offer houses listed below the city’s average home price, including Braeside—the top community.

by

(Henryk Sadura/Shutterstock)

There is little doubt: It’s a buyer’s market in Calgary. In the early days of April, the Calgary Real Estate Board released numbers that showed clearly how oversupply in the city was helping to drive down home prices down in this city.

“Inventory is still high,” explained Ann-Marie Lurie, chief economist with the Calgary Real Estate Board (CREB), in the April report. “It will still take time for our market to transition towards more balanced conditions and stable pricing.”

As of March 2019, the overall Calgary market had about five months of supply—meaning it would take five months for all currently listed properties to sell before there was no more inventory for buyers. “This is an improvement over the past several months,” says Lurie, “but [Calgary is] still considered oversupplied when compared to levels traditionally recorded in March.”

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But that doesn’t mean there aren’t buyers. Turns out more “affordable” properties, such as homes priced under $500,000, experienced increased sales volume. In fact, the average price of a home, according to CREB, is now $413,900, a 5% drop from April 2018.

“When you start diving into the numbers, we are seeing some improvement for sales in the lower end of the detached and the attached housing sectors, but clearly the activity is not enough to offset the declines in every other product type,” Lurie explains.

In a market that currently favours buyers, what’s the best move? Consider current conditions while factoring in future growth—and this is exactly what we did in this year’s Where to Buy Real Estate Now report.

This year, six of Calgary’s top 10 neighbourhoods are priced below the city’s current housing average, which is a smidge above $413,000. This includes the top community of Braeside in the southwest quadrant of Calgary.

Top Neighbourhoods

Click Tap column headings to re-rank neighbourhoods. Click Tap on any neighbourhood name to learn more about it.

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RankNeighbourhoodAreaAverage home price (2017)ValueMomentumAverage price vs. areaAvg. price vs. metro districtAvg. price vs. outer region1-year price change5-year price changeFinal Star Rating
1BraesideZONE C: SW$431,700116.07%86.46%52.14%60.18%79.78%5.91%7.93%★★★★½
2WoodbineZONE C: SW$407,900104.76%95.98%57.60%66.48%88.13%10.33%9.54%★★★★½
3SouthwoodZONE C: SW$372,700111.16%86.90%54.42%62.82%83.28%7.96%7.27%★★★★½
4RanchlandsZONE A - NW$408,600111.61%95.98%63.84%72.93%76.09%12.01%9.47%★★★★½
5CedarbraeZONE C: SW$440,200110.42%85.86%54.51%62.93%83.42%7.83%5.04%★★★★½
6EvergreenZONE C: SW$447,300101.93%83.93%58.73%67.79%89.87%3.71%11.46%★★★★½
7Canyon MeadowsZONE C: SW$454,10099.11%89.73%59.68%68.89%91.32%8.05%8.71%★★★★½
8HawkwoodZONE A - NW$357,60082.44%93.15%77.79%88.86%92.71%10.18%8.75%★★★★
9Deer RidgeZONE D: SE$513,900108.48%79.17%68.50%79.55%73.01%4.13%6.54%★★★★
10PalliserZONE C: SW$387,30086.01%93.75%68.56%79.14%104.92%8.67%11.23%★★★★
11Deer RunZONE D: SE$415,90099.85%76.64%74.19%86.16%79.07%5.39%3.69%★★★★
12SundanceZONE D: SE$449,80083.18%99.26%79.66%92.52%84.91%13.01%14.04%★★★★
13North Haven UpperZONE A - NW$461,90084.52%92.71%77.05%88.02%91.83%8.92%10.06%★★★★
14TuscanyZONE A - NW$431,40076.79%80.51%79.12%90.38%94.30%2.33%13.83%★★★★
15Douglasdale/GlenZONE D: SE$464,00076.64%81.40%82.63%95.97%88.07%5.04%6.42%★★★★
16Arbour LakeZONE A - NW$399,20075.74%80.65%79.48%90.80%94.73%5.54%6.64%★★★★
17MillriseZONE C: SW$389,600113.39%68.45%53.26%61.48%81.50%5.60%3.43%★★★★
18RiverbendZONE D: SE$536,40098.51%86.90%74.63%86.67%79.54%6.63%6.58%★★★★
19OakridgeZONE C: SW$335,90079.02%87.20%71.56%82.61%109.51%9.29%4.17%★★★★
20BownessZONE A - NW$493,500119.79%51.34%57.54%65.73%68.58%4.25%0.65%★★★★
21CharleswoodZONE A - NW$398,40065.63%90.18%84.54%96.57%100.75%10.28%7.52%★★★★
22MidnaporeZONE D: SE$606,00095.09%80.36%76.31%88.63%81.34%5.75%5.22%★★★★
23Chinook ParkZONE C: SW$440,80055.95%87.65%80.85%93.33%123.72%8.78%5.88%★★★★
24KingslandZONE C: SW$377,800101.19%58.18%58.81%67.89%89.99%4.90%-0.89%★★★★
25GreenviewZONE A - NW$416,200109.52%64.29%64.72%73.93%77.13%-0.49%8.44%★★★★
26MontgomeryZONE A - NW$410,40096.88%61.61%71.29%81.44%84.97%7.72%0.44%★★★★
27SomersetZONE C: SW$405,300109.38%67.11%54.75%63.20%83.79%3.78%3.40%★★★★
28AcadiaZONE D: SE$446,90090.63%65.77%77.63%90.16%82.74%7.57%4.14%★★★★
29WoodlandsZONE C: SW$310,00099.85%67.41%59.62%68.82%91.24%3.52%3.36%★★★★
30Albert Park/Radisson HeightsZONE B: NE$356,80098.21%66.67%83.40%84.78%63.29%4.45%1.31%★★★★
31QueenslandZONE D: SE$439,900109.67%66.52%68.34%79.37%72.84%4.23%1.64%★★★★
32HaysboroZONE C: SW$406,400102.68%57.14%58.69%67.75%89.81%5.05%-1.44%★★★★
33McKenzie TowneZONE D: SE$374,40088.84%55.21%77.84%90.41%82.97%3.46%-0.60%★★★½
34Country HillsZONE A - NW$397,300110.57%49.85%64.13%73.26%76.44%2.26%0.00%★★★★
35ShawnessyZONE C: SW$658,400114.43%50.89%53.01%61.19%81.11%2.92%0.52%★★★★
36University HeightsZONE A - NW$391,40017.71%99.40%112.78%128.84%134.42%11.92%21.46%★★★½
37ThorncliffeZONE A - NW$457,500105.21%67.71%67.05%76.59%79.91%2.76%4.68%★★★½
38Maple RidgeZONE D: SE$406,00063.10%81.25%87.63%101.78%93.40%11.89%9.31%★★★½
39Nolan HillZONE A - NW$528,400100.74%56.40%69.55%79.45%82.89%4.07%0.64%★★★½
40RosemontZONE A - NW$333,90049.70%83.78%90.51%103.40%107.88%4.42%9.99%★★★½
41Vista HeightsZONE B: NE$418,00085.57%65.92%89.83%91.31%68.17%4.88%2.06%★★★½
42BridlewoodZONE C: SW$391,100107.44%53.57%55.77%64.37%85.34%3.17%-0.45%★★★½
43FairviewZONE D: SE$445,60097.47%50.15%74.91%87.00%79.85%3.98%-1.34%★★★½
44North HavenZONE A - NW$497,30086.90%61.76%76.33%87.20%90.97%1.06%4.98%★★★½
45BankviewZONE C: SW$381,50089.58%55.80%66.35%76.59%101.53%8.38%0.21%★★★½
46Huntington HillsZONE A - NW$434,000108.78%44.49%65.35%74.65%77.89%2.29%-0.68%★★★½
47SunaltaZONE C: SW$349,900103.72%63.10%57.90%66.84%88.60%7.71%5.56%★★★½
48RundleZONE B: NE$514,90075.89%69.35%94.14%95.69%71.43%4.70%2.88%★★★½
49Willow ParkZONE D: SE$406,20041.37%80.51%98.63%114.54%105.12%11.96%6.17%★★★½
50Harvest HillsZONE A - NW$515,700100.00%48.07%69.58%79.49%82.93%3.04%-0.74%★★★½
51GlamorganZONE C: SW$538,40084.82%54.76%68.80%79.42%105.28%10.07%-2.96%★★★½
52DalhousieZONE A - NW$587,40045.98%69.79%92.23%105.35%109.92%8.97%1.20%★★★½
53Meadowlark ParkZONE C: SW$529,50062.80%61.31%78.37%90.46%119.92%5.71%-1.67%★★★½
54Banff TrailZONE A - NW$458,20048.51%73.96%90.70%103.61%108.10%8.04%2.30%★★★½
55EvanstonZONE A - NW$466,00078.42%52.23%78.49%89.66%93.54%3.79%1.06%★★★½
56McKenzie LakeZONE D: SE$456,40059.08%61.61%89.26%103.67%95.14%3.69%0.60%★★★½
57New BrightonZONE D: SE$420,00064.73%51.49%87.42%101.53%93.18%1.83%0.17%★★★½
58CopperfieldZONE D: SE$522,90079.91%47.62%80.45%93.43%85.75%1.67%-0.05%★★★½
59KincoraZONE A - NW$438,00053.42%64.58%89.57%102.32%106.75%4.50%3.44%★★★½
60CitadelZONE A - NW$590,40089.73%46.43%75.03%85.71%89.42%4.76%-2.43%★★★½
61HillhurstZONE A - NW$404,60028.87%74.40%101.14%115.53%120.53%8.35%8.48%★★★
62Lk Bonavista DownsZONE D: SE$777,00091.37%52.38%77.50%90.01%82.60%13.21%-0.36%★★★½
63Kelvin GroveZONE C: SW$497,50019.35%79.91%103.67%119.66%158.63%6.20%3.79%★★★
64Scenic AcresZONE A - NW$344,90062.95%59.82%85.22%97.35%101.57%3.30%2.34%★★★½
65MarlboroughZONE B: NE$433,60077.38%50.15%92.79%94.32%70.41%3.64%0.33%★★★½
66MacEwan GlenZONE A - NW$497,80091.52%27.98%74.28%84.85%88.52%1.37%-3.86%★★★½
67ParklandZONE D: SE$455,10045.39%71.13%95.35%110.74%101.63%3.92%3.86%★★★
68HighwoodZONE A - NW$517,00080.21%42.71%77.96%89.05%92.91%-1.17%0.80%★★★½
69WestgateZONE C: SW$591,80083.63%35.42%68.98%79.62%105.55%3.19%-0.89%★★★½
70Lake BonavistaZONE D: SE$314,30020.54%68.75%113.36%131.65%120.82%10.56%3.50%★★★
71Forest HeightsZONE B: NE$523,40096.43%40.03%84.56%85.95%64.17%4.40%-3.00%★★★½
72Diamond CoveZONE D: SE$486,80037.35%86.76%100.25%116.44%106.86%6.86%11.22%★★★
73Sage HillZONE A - NW$701,70067.41%62.05%83.39%95.26%99.38%4.07%2.32%★★★
74St. Andrews HeightsZONE A - NW$526,30013.24%89.73%120.20%137.31%143.26%10.12%6.58%★★★
75CollingwoodZONE A - NW$315,00051.19%55.06%90.16%102.99%107.45%0.15%4.03%★★★
76FalconridgeZONE B: NE$583,70094.64%37.05%84.75%86.15%64.31%2.99%-5.50%★★★½
77Shawnee SlopesZONE C: SW$721,70065.48%60.12%77.88%89.89%119.17%5.76%0.93%★★★
78Garrison GreenZONE C: SW$508,00027.08%66.37%96.29%111.14%147.34%10.58%-0.20%★★★
79Cambrian HeightsZONE A - NW$454,70060.12%46.58%87.02%99.41%103.71%-1.67%2.22%★★★
80SilveradoZONE C: SW$467,00097.47%48.21%60.66%70.03%92.83%2.34%0.17%★★★½
81ChaparralZONE D: SE$314,70058.33%60.57%89.45%103.89%95.34%3.42%1.66%★★★
82Erin WoodsZONE B: NE$526,70095.68%53.13%84.67%86.06%64.25%3.93%-2.11%★★★
83Crescent HeightsZONE A - NW$542,00050.45%39.73%90.22%103.06%107.53%3.70%-3.30%★★★
84SunnysideZONE A - NW$624,90043.30%59.08%92.84%106.06%110.65%4.34%0.41%★★★
85South CalgaryZONE C: SW$416,20052.38%59.82%83.37%96.24%127.58%7.99%0.53%★★★
86Coventry HillsZONE A - NW$465,40096.88%32.29%71.29%81.44%84.97%1.15%-3.92%★★★
87WaldenZONE D: SE$705,70059.97%58.18%89.15%103.53%95.01%3.11%1.47%★★★
88ScarboroZONE C: SW$341,60030.80%68.01%94.15%108.68%144.07%7.52%2.50%★★★
89OgdenZONE D: SE$1,114,000112.65%29.61%65.43%75.99%69.74%4.24%-8.82%★★★
90Elbow ParkZONE C: SW$598,1002.98%74.40%148.63%171.56%227.43%2.47%12.93%★★★
91Spruce CliffZONE C: SW$579,30058.93%35.71%79.80%92.11%122.11%4.00%-2.26%★★★
92Killarney/GlengarryZONE C: SW$710,00067.56%37.35%77.29%89.21%118.27%4.20%-2.34%★★★
93Hounsfield Heights/Briar HillZONE A - NW$555,80012.05%67.11%121.62%138.93%144.95%5.45%2.30%★★★
94Capitol HillZONE A - NW$554,30038.69%58.93%95.21%108.76%113.47%7.96%-0.29%★★★
95Winston Heights/MountainviewZONE A - NW$524,20039.73%55.65%94.95%108.47%113.16%5.12%-0.35%★★★
96RenfrewZONE A - NW$554,10052.38%38.24%89.80%102.58%107.02%3.67%-3.33%★★★
97Bridgeland/RiversideZONE A - NW$494,50040.48%57.89%94.92%108.43%113.12%3.96%3.33%★★★
98Tuxedo ParkZONE A - NW$539,10064.29%43.90%84.71%96.76%100.96%5.82%-3.61%★★★
99BrentwoodZONE A - NW$371,60044.94%58.04%92.35%105.49%110.06%5.25%0.37%★★★
100TaradaleZONE B: NE$325,10067.86%38.54%99.98%101.62%75.86%2.42%-5.29%★★★
101AbbeydaleZONE B: NE$679,60090.92%37.95%87.47%88.91%66.37%4.82%-8.49%★★★
102West HillhurstZONE A - NW$397,10015.03%61.01%116.42%132.98%138.74%7.23%2.82%★★★
103Saddle RidgeZONE B: NE$421,40055.65%54.32%106.84%108.60%81.07%4.06%-1.82%★★★
104Mayland HeightsZONE B: NE$387,80045.09%44.35%113.37%115.24%86.03%3.28%-2.52%★★★
105Beddington HeightsZONE A - NW$945,800107.14%14.29%66.43%75.88%79.17%-3.00%-6.65%★★★
106Pump HillZONE C: SW$470,1006.40%75.00%126.19%145.66%193.09%1.08%9.49%★★★
107Highland ParkZONE A - NW$563,40071.88%29.76%80.53%91.99%95.97%0.40%-2.60%★★★
108SherwoodZONE A - NW$506,10037.05%57.59%96.51%110.25%115.02%4.06%1.82%★★★
109Silver SpringsZONE A - NW$309,40061.16%38.10%86.69%99.03%103.32%10.04%-4.30%★★★
110Forest LawnZONE B: NE$576,40099.55%43.75%83.24%84.61%63.17%4.71%-3.15%★★★
111Mount PleasantZONE A - NW$448,20034.82%38.84%98.74%112.79%117.68%4.67%-3.51%★★★
112Hidden ValleyZONE A - NW$1,300,60085.27%16.52%76.78%87.70%91.50%-1.72%-4.80%★★★
113BritanniaZONE C: SW$690,2001.49%70.98%173.52%200.30%265.53%1.74%7.48%★★½
114Signal HillZONE C: SW$584,20035.71%49.26%92.08%106.29%140.91%9.41%-3.31%★★★
115Coach HillZONE C: SW$854,10064.73%23.96%77.94%89.97%119.27%3.99%-6.73%★★★
116RosedaleZONE A - NW$427,3004.91%58.93%146.31%167.13%174.37%6.12%-0.41%★★½
117RedstoneZONE B: NE$468,40043.90%51.04%114.96%116.86%87.24%3.20%-0.55%★★½
118Sandstone ValleyZONE A - NW$340,60072.92%33.93%80.24%91.66%95.63%2.26%-2.80%★★★
119MartindaleZONE B: NE$340,20081.10%28.87%91.64%93.15%69.54%2.05%-8.29%★★★
120Penbrooke MeadowsZONE B: NE$592,80081.85%35.12%91.53%93.04%69.45%4.60%-7.26%★★★
121ShaganappiZONE C: SW$367,60061.01%31.85%79.09%91.29%121.02%4.59%-3.58%★★★
122SouthviewZONE B: NE$599,20069.35%30.21%98.90%100.53%75.05%3.86%-4.60%★★★
123WildwoodZONE C: SW$577,80058.04%31.10%79.94%92.28%122.33%2.68%-1.56%★★½
124GlendaleZONE C: SW$554,00068.45%24.26%77.09%88.98%117.96%2.38%-3.86%★★★
125RosscarrockZONE C: SW$430,30075.89%13.84%73.91%85.32%113.10%1.22%-6.46%★★★
126Skyview RanchZONE B: NE$482,10043.15%44.05%115.77%117.68%87.85%3.03%-2.98%★★½
127CranstonZONE D: SE$541,40051.79%24.85%92.34%107.25%98.42%1.78%-4.57%★★½
128GlenbrookZONE C: SW$481,10077.68%8.78%72.23%83.38%110.53%-0.48%-7.75%★★½
129InglewoodZONE D: SE$552,10052.83%16.22%92.15%107.03%98.22%1.69%-7.25%★★½
130MahoganyZONE D: SE$840,20029.61%26.19%105.75%122.82%112.71%1.81%-4.32%★★½
131ElboyaZONE C: SW$505,00012.50%51.79%112.10%129.39%171.53%1.25%1.38%★★½
132Coral SpringsZONE B: NE$372,90026.79%53.87%135.87%138.11%103.10%5.60%-4.38%★★½
133PineridgeZONE B: NE$337,10065.33%33.04%100.33%101.98%76.13%5.61%-8.42%★★½
134CastleridgeZONE B: NE$610,10083.18%13.69%90.69%92.19%68.82%-1.23%-9.48%★★½
135Windsor ParkZONE C: SW$522,70054.91%14.88%81.40%93.96%124.56%0.54%-7.68%★★½
136Panorama HillsZONE A - NW$999,90054.17%21.73%89.54%102.28%106.71%-0.77%-3.87%★★½
137BayviewZONE C: SW$655,7004.76%67.71%133.40%153.99%204.14%3.10%2.77%★★½
138LakeviewZONE C: SW$376,10045.09%18.30%87.48%100.98%133.87%-0.76%-4.21%★★½
139Marlborough ParkZONE B: NE$446,70063.24%31.70%101.19%102.85%76.78%6.16%-9.39%★★½
140RamsayZONE D: SE$716,10069.20%10.57%85.56%99.37%91.20%2.76%-10.72%★★½
141ParkdaleZONE A - NW$658,40011.31%52.68%122.67%140.13%146.20%5.53%0.00%★★½
142Cougar RidgeZONE C: SW$844,00044.05%20.83%87.84%101.40%134.42%3.00%-6.04%★★½
143PattersonZONE C: SW$716,90011.76%38.84%112.60%129.98%172.31%6.71%-4.52%★★½
144Strathcona ParkZONE C: SW$584,50027.98%26.34%95.65%110.41%146.36%4.28%-6.09%★★½
145Royal OakZONE A - NW$614,10031.10%16.67%100.12%114.38%119.33%0.34%-5.04%★★½
146Valley RidgeZONE A - NW$408,70024.11%32.29%105.20%120.17%125.37%2.40%-2.79%★★½
147Monterey ParkZONE B: NE$788,80050.45%27.53%109.96%111.77%83.44%2.34%-8.12%★★½
148Christie ParkZONE C: SW$343,50016.96%38.99%105.24%121.48%161.04%4.35%-2.59%★★½
149DoverZONE B: NE$371,90078.27%14.58%92.42%93.94%70.13%2.13%-12.95%★★½
150TempleZONE B: NE$697,00067.11%7.29%100.06%101.71%75.93%-5.40%-9.84%★★½
151CrestmontZONE C: SW$416,10032.59%28.27%92.99%107.34%142.30%4.40%-5.93%★★½
152Applewood ParkZONE B: NE$617,90048.51%22.47%111.95%113.79%84.95%2.28%-9.57%★★½
153EdgemontZONE A - NW$362,60022.77%30.65%105.85%120.91%126.15%-5.48%-1.51%★★½
154WhitehornZONE B: NE$785,20071.13%7.74%97.55%99.16%74.03%-4.19%-10.91%★★½
155HamptonsZONE A - NW$632,7007.59%34.08%134.50%153.65%160.30%5.98%-5.98%★★
156Rutland ParkZONE C: SW$652,30050.60%9.97%84.41%97.44%129.17%-1.95%-7.84%★★½
157North GlenmoreZONE C: SW$563,50046.58%1.93%87.03%100.46%133.17%-6.59%-10.36%★★½
158Auburn BayZONE D: SE$577,40026.79%27.83%107.94%125.36%115.04%1.86%-4.20%★★
159Rocky RidgeZONE A - NW$771,10033.78%17.11%98.91%112.99%117.88%0.68%-4.91%★★½
160ParkhillZONE C: SW$883,90020.09%14.43%102.88%118.75%157.43%-1.47%-4.67%★★
161Discovery RidgeZONE C: SW$777,4008.63%25.45%117.93%136.12%180.45%3.72%-5.88%★★
162Springbank HillZONE C: SW$1,364,50018.60%23.51%103.72%119.72%158.71%3.99%-6.99%★★
163Upper Mount RoyalZONE C: SW$757,3000.74%20.83%182.05%210.14%278.57%0.00%-3.23%★★
164West SpringsZONE C: SW$826,50021.73%19.35%101.04%116.63%154.61%2.62%-8.21%★★
165AltadoreZONE C: SW$815,80013.69%4.76%110.27%127.28%168.74%-2.51%-9.06%★★
166Cliff BungalowZONE C: SW$1,125,80014.73%1.04%108.84%125.64%166.55%-6.24%-12.09%★★
167MayfairZONE C: SW$969,1002.23%11.16%150.20%173.38%229.84%-2.78%-6.85%★½
168Aspen WoodsZONE C: SW$1,135,2545.65%11.46%129.29%149.25%197.85%1.41%-8.02%★½
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’s top 3 neighbourhoods to buy

1. Braeside

Braeside is an older community that offers a mix of older bungalows and newly built infills. For many, the draw of this neighbourhood is its proximity to the Glenmore Reservoir, which is located on the Elbow River and is the primary source of drinking water for the city. While swimming isn’t allowed here, many residents do fish, canoe, row or sail on the reservoir, or bike and picnic at the shores. Due to the proximity of stores and transit, this community is very popular with singles, with over 45% of the community’s residents listing themselves as “unmarried,” according to CREB.

Price is another reason why this neighbourhood is so attractive. The current average house price (for 2018) sits at $390,800, almost 40% below the average price of houses in the southwest and more than 20% less than the city’s average house price. The neighbourhood certainly offers value—and there’s also momentum. Despite Calgary’s lacklustre real estate activity over the last year, Braeside boasts an average one-year appreciation rate of 6%, and the five-year average appreciation sits at 8%.

2. Woodbine

Woodbine is a great family neighbourhood with a low crime rate and a high number of owner-occupied dwellings (just under 91% of homes are owner-occupied). With a population of just under 9,000 and an average house price of $431,700—and an average three-year appreciation rate of 20%—Woodbine is becoming a good spot for first-time buyers to set down roots. That said, buyers will need to be comfortable with a longer commute given that this neighbourhood is located at the western edge of the city of Calgary.

3. Southwood

It’s almost too easy to forget this community in Calgary’s SW quadrant. Nestled between the sought-after Canyon Meadows and this year’s No. 1-ranked neighbourhood of Braeside, Southwood offers residents easy public transit access (it has its own LRT station), as well as local amenities (including small strip malls, a library and a community garden). Once a year in June, visitors flock to this community for the annual rhubarb festival. (Did someone say pie?)

Other SW communities that made this year’s top 10 list include:

  • Cedarbrae. If you want to live in the symbolic heart of Calgary, consider Cedarbrae. This community hosts Winterfest, the annual winter festival, as well as a very popular Stampede breakfast. Astonishingly, average house prices are almost half the area average, and the last year has seen housing values appreciate by 8%.
  • Evergreen. This is a large neighbourhood with a population of more than 21,000 and an average house price (in 2018) of $440,200; average appreciation over the last three years is 16%.
  • Canyon Meadows. In this sought-after family community with older, rancher-style bungalows and newer custom-built homes, average house prices are about 10%  below the city’s average house price and five-year growth sits at 9%.
  • Palliser. This is one of Calgary’s smaller communities, with fewer than 3,500 residents. It’s close to the Glenmore Reservoir and to Glenmore Landing, the area’s popular retail spot. Average prices are 5% higher than average across Calgary, but momentum over the last five years means that homeowners saw an average appreciation of 11%.

Good neighbourhoods aren’t limited to the SW quadrant. In the NW, home buyers will want to check out Ranchlands and Hawkwood, while shoppers interested in neighbourhoods east of Macleod Trail—the dividing line between southwest and southeast communities—will want to consider homes in the Deer Run, Deer Ridge and Sundance neighbourhoods. These SE neighbourhoods offer amazing access to outdoor pursuits, including Fish Creek Park as well as a bike terrain park and a skate park (in Deer Ridge) that includes ramps, rails and a bowl.