Finest locations to purchase actual property in Calgary
Within the desk beneath, you’ll discover the highest Calgary neighbourhoods for actual property purchases. To view all the info, slide the columns proper or left utilizing your fingers or mouse. You possibly can obtain the info to your machine in Excel, CSV and PDF codecs.
Supply: Zoocasa
High 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 remains to be in improvement, giving pre-construction patrons the chance to customise their dwelling. In 2023, Patterson’s benchmark dwelling value was $552,006. Value development on this widespread neighbourhood has slowed barely over the earlier yr—the 2023 benchmark value was 8% decrease than in 2022. Nevertheless, in comparison with 2020, it was 30% increased, contributing to a price rating of two.8. Patterson has an ideal neighbourhood economics rating of 5.0, due to excessive ranges of family earnings and schooling, in addition to a excessive share of property house owners.
Many individuals select to dwell 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 contemporary air and work together with nature, borders the area as nicely. There are 9 faculties within the space, making it a wonderful choice 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 the town. The neighbourhood has had modest dwelling value development lately. The 2023 benchmark dwelling value was $539,644, which was 6% increased than in 2022, 3% increased than in 2020, and 5% increased than in 2018. Like Patterson, Coach Hill has a neighbourhood economics rating of 5.0, nevertheless it falls simply shy of Patterson on worth, with a rating of two.7.
Nearly any dwelling 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 timber. 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 Street to the south. The benchmark dwelling value in Cougar Ridge has fluctuated lately. In 2023 it was $626,914, which was 3% decrease than in 2022, 16% increased than in 2020, and 9% increased than in 2018. Cougar Ridge has a price 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 purchasing 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 situations in Calgary had been stronger than in most different main markets in Canada. The benchmark dwelling value climbed for a lot of the yr and reached a record-high $557,400 in November. Between January and December, the town’s benchmark value elevated by about 10%.
Nonetheless, Calgary properties had been lower than half the value of comparable properties in Vancouver or Toronto, which drew quite a lot of out-of-province patrons, says Mark Neustaedter, a neighborhood eXp actual property agent. (Zoocasa, the creator of this examine, is wholly owned by eXp World Holdings.) That demand has finally pushed costs up, he says.
Whereas this development benefited present dwelling house owners, serving to them construct extra fairness of their properties, first-time dwelling patrons had been pushed towards extra reasonably priced property sorts—particularly as costs for indifferent properties elevated.
“General, the story for 2023 in Calgary actual property was hovering residence rental gross sales,” provides Neustaedter. There wasn’t as a lot stock for different property sorts, so “residence condos had 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 dwelling value hit a brand new file excessive of $557,500 in January 2024, signalling a powerful begin to the yr. However as stock stays low and migration continues to gasoline demand, Calgary’s actual property market will seemingly favour sellers in 2024.
“I don’t assume this yr goes to be a complete lot completely different from final yr, nevertheless it would possibly get even busier if rates of interest come down,” Neustaedter says. “I believe you then’ll begin to see the move-up folks transfer up and the downsizers downsize. That’s if we see the stock return.”
As provide stays tight, these getting into the Calgary market this yr ought to anticipate to compete and to want to make swift choices. “My recommendation to patrons 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 received’t have a problem promoting your private home if it’s priced proper, however with stock down, you should have extra of a problem discovering a brand new dwelling.”
