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Greatest locations to purchase actual property in Calgary
Within the desk under, you’ll discover the highest Calgary neighbourhoods for actual property purchases. To view all the information, slide the columns proper or left utilizing your fingers or mouse. You’ll be able to obtain the information to your machine in Excel, CSV and PDF codecs.
Supply: Zoocasa
Prime three neighbourhoods in Calgary
Patterson is located on the western outskirts of Calgary. It was first developed within the Eighties and is understood for its spectacular views of the Bow River Valley and the encircling grasslands and woodlands. The neighbourhood continues to be in improvement, giving pre-construction consumers the chance to customise their residence. In 2023, Patterson’s benchmark residence value was $552,006. Worth progress on this well-liked neighbourhood has slowed barely over the earlier yr—the 2023 benchmark value was 8% decrease than in 2022. Nonetheless, in comparison with 2020, it was 30% greater, contributing to a worth rating of two.8. Patterson has an ideal neighbourhood economics rating of 5.0, due to excessive ranges of family revenue and training, in addition to a excessive share of property house owners.
Many individuals select to reside in Patterson due to the superb mountain vistas to the west and the attractive metropolis views to the east. Edworthy Park, which is a terrific spot to get recent air and work together with nature, borders the area as effectively. There are 9 faculties within the space, making it a superb possibility for the 53% of households with kids. With its meandering streets and hills, nevertheless, the neighbourhood has an accessibility rating of solely 2.3.
View Patterson actual property listings on Zoocasa.
Coach Hill is conveniently located in southwest Calgary and adjoining to the Bow Path expressway, making for a brief commute to town. The neighbourhood has had modest residence value progress in recent times. The 2023 benchmark residence value was $539,644, which was 6% greater than in 2022, 3% greater than in 2020, and 5% greater than in 2018. Like Patterson, Coach Hill has a neighbourhood economics rating of 5.0, but it surely falls simply shy of Patterson on worth, with a rating of two.7.
Nearly any residence purchaser can discover what they’re searching for amongst Coach Hill’s assortment of townhomes, indifferent properties and condos. The neighbourhood is famed for its breathtaking views of downtown Calgary. It additionally has well-established roadways with mature bushes. As a result of Coach Hill is on the Bow Path, working professionals can simply commute to downtown Calgary if wanted. There’s additionally good entry to public transportation, with the 69 Road CTrain cease not far-off.
View Coach Hill actual property listings on Zoocasa.
Positioned on the metropolis’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 Road W to the east, 101 Road W to the west, and Outdated Banff Coach Highway to the south. The benchmark residence value in Cougar Ridge has fluctuated in recent times. In 2023 it was $626,914, which was 3% decrease than in 2022, 16% greater than in 2020, and 9% greater than in 2018. Cougar Ridge has a worth rating of two.6 and an ideal neighbourhood economics rating of 5.0.
Cougar Ridge boasts handy entry to inner-city snowboarding at WinSport and hassle-free day journeys to Kananaskis Nation. The group additionally has procuring centres and a public library. The neighbourhood and its surrounding areas supply a various vary of personal and public faculties (spanning from kindergarten to grade 12) that cater to the 53% of households with kids.
View Cougar Ridge actual property listings on Zoocasa.
What’s occurred within the Calgary actual property market?
In 2023, actual property market circumstances in Calgary have been stronger than in most different main markets in Canada. The benchmark residence value climbed for a lot of the yr and reached a record-high $557,400 in November. Between January and December, town’s benchmark value elevated by about 10%.
Nonetheless, Calgary properties have been lower than half the worth of comparable properties in Vancouver or Toronto, which drew a number of out-of-province consumers, says Mark Neustaedter, an area eXp actual property agent. (Zoocasa, the writer of this research, is wholly owned by eXp World Holdings.) That demand has finally pushed costs up, he says.
Whereas this pattern benefited present residence house owners, serving to them construct extra fairness of their properties, first-time residence consumers have been pushed towards extra reasonably priced property varieties—particularly as costs for indifferent properties elevated.
“Total, the story for 2023 in Calgary actual property was hovering house condominium gross sales,” provides Neustaedter. There wasn’t as a lot stock for different property varieties, so “house condos have been the one section to expertise year-over-year gross sales beneficial properties,” he says.
What’s subsequent for actual property in Calgary?
Calgary’s benchmark residence value hit a brand new report excessive of $557,500 in January 2024, signalling a robust begin to the yr. However as stock stays low and migration continues to gas demand, Calgary’s actual property market will doubtless favour sellers in 2024.
“I don’t suppose this yr goes to be an entire lot totally different from final yr, but it surely would possibly get even busier if rates of interest come down,” Neustaedter says. “I feel you then’ll begin to see the move-up individuals transfer up and the downsizers downsize. That’s if we see the stock return.”
As provide stays tight, these coming into the Calgary market this yr ought to count on to compete and to wish to make swift choices. “My recommendation to consumers this yr is to hone in in your wishlist. What are absolutely the must-haves and what are you prepared to compromise on?” says Neustaedter. “For sellers, take a look at the place to purchase first. You gained’t have a problem promoting your private home if it’s priced proper, however with stock down, you’ll have extra of a problem discovering a brand new residence.”
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