Calgary, Alberta’s largest city, is home to roughly 1.4 million people. The neighbourhoods highlighted here offer a range of lifestyles, amenities and different levels of access to the downtown core — from family-focused suburbs to established inner-city communities.
- Best places to buy real estate in Calgary
- How to read the table
- What’s happened in the Calgary real estate market?
- What’s next for real estate in Calgary?
- Calgary’s top three neighbourhoods
- Methodology
Best places to buy real estate in Calgary
Below is a table of top Calgary neighbourhoods based on Zoocasa’s analysis. It includes benchmark prices and recent growth rates, along with scores for value, local economics and accessibility. For full details, scroll the table horizontally. You can also download these results in Excel, CSV or PDF formats from the interactive table controls.
| wdt_ID | Rank | Neighbourhood | City | Benchmark price 2022 | 1-year growth | 3-year | 5-year | Value | Economics | Accessibility | Children |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Patterson | Calgary | $513,352 | 9.1% | -10.1% | 3.4% | 3.6 | 5.0 | 2.3 | 53% |
| 2 | 2 | Coach Hill | Calgary | $483,743 | 4.6% | -3.6% | -9.5% | 3.6 | 5.0 | 2.3 | 53% |
| 3 | 3 | Scenic Acres | Calgary | $651,797 | 20.9% | 13.0% | 13.5% | 3.7 | 4.9 | 1.8 | 57% |
| 50 | 50 | Varsity | Calgary | $517,544 | 1.5% | 5.6% | 14.9% | 3.5 | 3.5 | 2.0 | 48% |
Source: Zoocasa
How to read the table:
- Benchmark price 2022: The composite benchmark price as of Dec. 31, 2022, covering all property types — detached, attached, townhouses and apartments.
- 1-year, 3-year and 5-year growth: Percentage change in the composite benchmark price over each period.
- Value, economics and accessibility: Each attribute is scored from 0 to 5. Higher scores indicate better value for money, stronger local economic indicators (income, education, employment) and easier travel by foot, bike or transit.
- Children: Percentage of households with children in the neighbourhood.
- For methodology details behind these rankings, see the linked methodology reference.
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What’s happened in the Calgary real estate market?
Calgary’s housing market saw notable gains in the first half of 2022 before rising interest rates cooled activity later in the year. The city’s benchmark home price peaked near $532,200 in May and declined to about $506,400 by year-end — roughly a 3% drop from the high. Because Calgary remains one of Canada’s more affordable major markets, price declines were less pronounced here than in many higher-cost cities.
Trung Bien, a local eXp Realty agent, notes that the first four months of 2022 were marked by unexpectedly strong price appreciation. “Out-of-town buyers pushed prices higher early in the year,” he says. “Once that demand subsided, we saw fewer multiple-offer situations and more opportunities for patient buyers in the latter half of the year.” (Zoocasa, which produced the underlying neighbourhood data, is wholly owned by eXp World Holdings.)
What’s next for real estate in Calgary?
Early 2023 began with limited inventory, a challenge common to many Canadian cities. Several rate hikes prompted some homeowners to hold off on selling, tightening supply. That scarcity gave motivated sellers more leverage to list at higher asking prices, and in some cases they were able to achieve aspirational prices because buyers had few alternatives.
Bien points out that population and job growth remain solid, which supports longer-term demand. Still, ongoing low supply is the key constraint: when inventory is tight, buyers face fewer choices and sellers have room to push prices even amid higher borrowing costs.
Top neighbourhoods in other regions
Alberta
• Calgary • Edmonton
Nova Scotia
• Halifax
British Columbia
• Burnaby, New Westminster, Richmond
• Coquitlam, Port Coquitlam, Port Moody
• Langley, Pitt Meadows, Maple Ridge
• North Shore • Vancouver
Ontario
• Durham Region • Halton Region
• Peel Region • Toronto
• York Region
Calgary’s top three neighbourhoods
1. Patterson
Patterson sits in Calgary’s southwest, bordered by Sarcee Trail and Bow Trail. Interest in the area increased through 2022, lifting prices about 9% year-over-year. By year-end the composite benchmark price was $513,352 — roughly 3% above the five-year mark — which contributes to a value score of 3.6. Patterson scores a top 5.0 for local economics. Transit options are improving but many residents still rely on cars, reflected in an accessibility score of 2.3. Families are common here: 53% of households have children.
View Patterson real estate listings on Zoocasa.
2. Coach Hill
Adjacent to Patterson, Coach Hill shares similar boundaries and community character. The average home price ended 2022 at $483,743, a 5% increase year-over-year, though about 10% lower than five years earlier — making the neighbourhood comparatively affordable. Its value score sits at 3.6. Coach Hill earns a 5.0 for economics but a lower accessibility score (2.3), meaning most residents use a vehicle for daily travel. Approximately 43% of households have children.
View Coach Hill real estate listings on Zoocasa.
3. Scenic Acres
Located in Calgary’s northwest, Scenic Acres is bounded by Crowchild Trail, Nose Hill Drive and Stoney Trail. The neighbourhood experienced strong recent gains: the benchmark price at the end of 2022 was $651,797, up about 21% from the prior year and 13.5% over five years. That performance yields a value score of 3.7. Economics here score very highly (4.9), but accessibility remains limited (1.8) as residents primarily depend on personal vehicles. Scenic Acres is family-friendly: 57% of households include children.
View Scenic Acres real estate listings on Zoocasa.
Read more about buying a home:
- Mortgage refinance calculator
- Watch: What is mortgage affordability?
- What home buyers should know about the Canadian mortgage stress test
- The best 5-year fixed mortgage rates in Canada
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What type of article am I reading?
This article was produced by MoneySense in collaboration with Zoocasa and is presented with financial support from Ratehub.ca. The content was independently prepared based on Zoocasa’s neighbourhood data.