Where to Invest in Calgary Real Estate 2025

Calgary, Alberta’s third-largest city, combines a diversified economy—anchored by energy, agriculture and growing technology sectors—with a strong job market. In recent years the city’s real estate market attracted buyers from across Canada seeking an urban lifestyle on the Prairies. Despite brisk price growth, many neighbourhoods in Calgary remain relatively affordable compared with other major Canadian cities, making it a compelling option for buyers and investors.

Table of contents: Best places to buy in Calgary

  • The 50 best neighbourhoods in Calgary
  • Closer look at the top three neighbourhoods
  • Real estate trends in Calgary
  • Methodology: based on local MLS data and neighbourhood indicators

Best places to buy

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Best places to buy real estate in Calgary

Below is a ranked list of the top 50 Calgary neighbourhoods to consider for real estate purchases. The table summarizes benchmark prices, recent price growth and neighbourhood metrics such as value, economics and accessibility. Use this list to compare options across the city and to identify neighbourhoods that match your budget and priorities.

Rank Neighbourhood City Benchmark price 2024 1-year 3-year 5-year Value Economics Accessibility Children (%)
1 Greenwood-Greenbriar Calgary $580,945 65% 262% 88% 5.0 0.5 0.5 37%
2 Abbeydale Calgary $488,821 49% 64% 79% 4.1 0.9 1.5 43%
3 Penbrooke Meadows Calgary $434,157 41% 61% 66% 4.0 0.6 2.3 43%
4 Pineridge Calgary $455,882 42% 52% 50% 3.9 0.7 2.1 49%
5 Marlborough Park Calgary $475,876 42% 48% 58% 3.9 0.8 2.2 43%
6 Dover Calgary $414,193 35% 54% 65% 3.8 0.6 3.3 37%
7 Red Carpet Calgary $246,959 14% 93% 65% 3.8 0.5 2.0 43%
8 Shawnessy Calgary $549,174 46% 33% 54% 3.8 1.2 2.1 52%
9 Lincoln Park Calgary $331,637 31% 43% 25% 3.8 0.3 2.6 34%
10 Evergreen Calgary $637,137 48% 39% 60% 3.7 1.4 1.1 52%
11 Temple Calgary $515,608 38% 56% 50% 3.7 0.9 2.4 49%
12 Sundance Calgary $946,408 58% 69% 66% 3.7 1.5 1.1 54%
13 Whitehorn Calgary $524,287 36% 51% 59% 3.7 0.9 2.8 49%
14 Willow Park Calgary $817,239 52% 48% 74% 3.7 1.2 2.5 41%
15 Falconridge Calgary $444,566 31% 51% 52% 3.7 0.8 2.3 58%
16 Braeside Calgary $503,422 36% 40% 48% 3.7 1.0 1.9 42%
17 Shaganappi Calgary $743,116 55% 16% 39% 3.7 0.7 2.9 27%
18 Vista Heights Calgary $444,750 32% 26% 62% 3.6 0.6 1.7 25%
19 Canyon Meadows Calgary $558,296 42% 27% 42% 3.6 1.1 2.1 42%
20 Castleridge Calgary $535,423 33% 55% 61% 3.6 0.8 3.2 58%
21 Rundle Calgary $484,790 32% 44% 57% 3.6 0.8 2.9 49%
22 Cedarbrae Calgary $540,641 33% 54% 56% 3.6 0.9 1.4 42%
23 Thorncliffe Calgary $536,982 41% 34% 4% 3.6 0.6 2.4 37%
24 Erin Woods Calgary $437,325 28% 40% 42% 3.6 0.9 1.1 37%
25 Beddington Heights Calgary $526,788 31% 45% 58% 3.6 0.9 1.8 53%
26 Country Hills Calgary $541,898 33% 46% 47% 3.6 1.2 2.2 53%
27 Marlborough Calgary $511,891 30% 49% 52% 3.6 0.6 2.9 43%
28 Lakeview Calgary $1,114,763 58% 60% 79% 3.5 1.2 2.6 34%
29 Ranchlands Calgary $523,526 31% 37% 41% 3.5 0.9 2.0 50%
30 Monterey Park Calgary $558,177 29% 54% 49% 3.5 1.0 1.2 49%
31 North Haven Calgary $746,996 40% 50% 53% 3.5 0.9 1.3 37%
32 Bridlewood Calgary $514,879 28% 41% 43% 3.5 1.2 1.5 52%
33 Sunalta Calgary $337,299 27% 18% -35% 3.4 0.2 4.5 27%
34 Coventry Hills Calgary $580,570 31% 45% 36% 3.4 1.3 1.1 53%
35 Strathcona Park Calgary $854,683 46% 36% 60% 3.4 1.7 1.7 53%
36 Deer Ridge Calgary $512,720 26% 40% 40% 3.4 0.9 0.5 41%
37 Martindale Calgary $537,680 24% 45% 48% 3.4 1.0 2.5 58%
38 Huntington Hills Calgary $520,727 25% 31% 44% 3.4 0.7 1.9 37%
39 Sandstone Valley Calgary $589,477 28% 43% 47% 3.4 1.1 0.9 53%
40 New Brighton Calgary $568,584 27% 38% 42% 3.4 1.4 2.2 49%
41 Taradale Calgary $503,780 21% 32% 64% 3.4 1.0 2.4 58%
42 Forest Lawn Calgary $462,437 21% 33% 43% 3.4 0.2 3.4 37%
43 MacEwan Glen Calgary $610,957 29% 40% 50% 3.4 1.3 1.1 53%
44 McKenzie Towne Calgary $493,566 24% 28% 38% 3.4 1.1 1.0 49%
45 Acadia Calgary $546,351 26% 32% 38% 3.3 0.6 2.7 41%
46 Palliser Calgary $584,833 28% 33% 42% 3.3 0.6 1.9 31%
47 Applewood Park Calgary $433,145 17% 31% 47% 3.3 0.8 1.3 43%
48 Deer Run Calgary $630,103 27% 40% 51% 3.3 1.1 0.9 41%
49 Fairview Calgary $638,912 28% 37% 43% 3.3 0.8 2.8 32%
50 Glamorgan Calgary $515,062 22% 28% 35% 3.3 0.6 2.6 34%

Source: Calgary Real Estate Board

Top three neighbourhoods in Calgary

1. Greenwood-Greenbriar

Greenwood-Greenbriar, located in northwest Calgary, is emerging as a popular choice for buyers attracted to new residential development and convenient access to recreational amenities. Approximately 37% of households include children, and residents enjoy proximity to large local attractions. While highway connections like Highway 1 and Stoney Trail make car travel straightforward, the neighbourhood’s current public transit and walkability ratings are modest.

A standout local amenity is the Calgary Farmers’ Market West, a sizable year-round market with dozens of vendors offering fresh produce and prepared foods—an asset for neighbours seeking local food and community gatherings. For outdoor recreation, Bowness Park is within easy cycling distance along the Bow River Pathway and offers trails, skating in winter and river activities in summer. WinSport’s Canada Olympic Park is also nearby for winter sports and year-round training facilities.

2. Abbeydale

Abbeydale sits in northeast Calgary and is characterized by an abundance of single-family homes and a working-class community profile. The neighbourhood benefits from its location near major destinations such as Calgary International Airport and several shopping hubs. With an average benchmark price well below the city average—$488,821 at the end of 2024—Abbeydale scores highly on value.

Price growth has been steady: five-year gains of roughly 79% and significant three- and one-year increases reflect sustained demand. Families make up a large share of the community—about 43% of households include children—and local green spaces, playgrounds and schools add to the neighbourhood’s appeal. Road access is convenient; however, transit users may face longer trips to central stations.

3. Penbrooke Meadows

Penbrooke Meadows in southeast Calgary offers affordability relative to many other parts of the city, with a 2024 benchmark price of $434,157. The neighbourhood posted strong year-over-year gains and meaningful growth over the five-year period, giving it a solid value rating for buyers prioritizing price and future upside.

Accessibility is a relative strength: easy driving access to downtown via Memorial Drive and local parks like Elliston Park are practical benefits for families. Several elementary schools serve the community, and roughly 43% of households have children, making Penbrooke Meadows a family-friendly option with numerous outdoor spaces.

What’s happened in the Calgary real estate market?

Calgary continued to see record-breaking home prices through 2024. The city’s composite benchmark price peaked at about $589,000 in June 2024 and closed the year near $575,400. One notable development in 2024 was a significant rise in housing inventory: more homes, especially apartment condos, appeared on the market, which helped shift market conditions toward a more balanced supply-demand dynamic.

With more inventory available, competition eased somewhat compared with the most heated periods, but well-priced single-family homes—particularly listings under $700,000—remained in high demand and sold quickly. Growth in new listings tended to concentrate at higher price points, so affordable homes still faced strong competition from buyers looking for value.

Overall, the market has been robust, but the increase in supply has provided buyers with additional choices and created opportunities for more measured purchasing decisions.

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What’s next for real estate in Calgary?

After several years favoring sellers, market conditions in Calgary began to moderate in 2025 as housing supply rose. That said, demand remains healthy: many buyers continue to seek detached homes, which are still competitive, while condos and higher-priced segments may see more balanced conditions as inventory grows.

Longer-term migration and broader economic trends will influence resale activity, but local experts expect steady demand and continued price growth at a more moderate pace. Calgary’s population growth—reaching roughly 1.6 million in 2024—has supported housing demand, and a high level of new construction will likely help ease pressure on prices by improving supply.

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