While Calgary as a whole is an affordable city compared to other major cities across Canada, when you look at the affordability, there are, however, some fantastic places to live that can break the budget! So, what are the most expensive neighbourhoods in Calgary? Let’s take a look at the top 9 most expensive neighbourhoods in Calgary.
All the average price data below is from the sold values between Oct 2, 2019, to Jan 2, 2020, and the current numbers are found on our Calgary Real Estate Market page.
Coming in at Number 9:
Avg Price: $1,026,667 Median Income (2016 Census): $260,339
Bayview is a small and luxurious neighbourhood that borders just south of the Glenmore Reservoir. The access to pathways, the reservoir, shopping, and getting into downtown is excellent. Bayview has about 56% of its population between the ages of 15 and 64. The age group of 65+ is typically about 10% in many other Calgary communities but is at 26% here in Bayview. It is one of those communities that once you move here, you will never want to leave — a real gem in Calgary.
Community Number 8:
Avg Price: $1,036,556 Median Income (2016 Census): $109,823
Parkdale is a beautiful community that is located just below the Children's Hospital and the Foothills Hospital and borders the Bow River. The access to the river pathways which take you right into downtown is impressive. Some of the great and famous shops in the area include Lazy Loaf & Kettle.
Community Number 7:
Upper Mount Royal, Calgary
Average Price: $1,226,786 Median Income (2016 Census): $214,282
Upper Mount Royal is a staple to Calgary. These homes are some of the oldest and most amazing homes you have seen in our city. There is true class, and elegance found when you visit this luxurious community. Sandwiched between 14 Street SW & 4 Street SW, with 17 Ave SW to the north, there isn’t anywhere you will need to go to outside of this area that can’t be found here. Some of the top restaurants like Anejo and The Coup are all within walking distance.
Community Number 6:
Average Price: $1,257,362 Median Income (2016 Census): $162,540
Rosedale is a smaller community that is just east of SAIT campus and south of 16 Ave NW. The incredible access to Kensington and places like Vendome Cafe is merely amazing. The homes in this area are exquisite and luxurious, especially those on Crescent Road NW with views of downtown and the river.
Community Number 5:
St. Andrews Heights, Calgary
Average Price: $1,336,667 Median Income (2016 Census): $101,302
If you know anything about St. Andrews Heights, it’s the incredible homes with some of the most amazing views located on Toronto Crescent NW. These modern and architecturally forward-thinking homes are straight out of magazines. The access to Crowchild Trail from this community is fantastic, and you can get anywhere you want in the city quickly.
Community Number 4:
Elbow Park, Calgary
Average Price: $1,341,563 Median Income (2016 Census): $296,866
Elbow Park is an incredible community and an affluent residential neighbourhood that follows the winding Elbow River. It is one of the oldest and wealthiest communities in the city that has within its borders the exclusive Glencoe Club. Some of the oldest and most stunning homes are found here, where you can walk anywhere for everything.
Community Number 3:
Average Price: $1,439,167 Median Income (2016 Census): $268,603
Britannia is an affluent neighbourhood that is bordered by Elbow Dr. SW on the east and the Elbow River on the west. With close access to downtown via Elbow Dr as well as some of the most sought after shops like Village Ice Cream and Sunterra Market all within its borders, this is a fantastic community with some amazing homes.
Now, would you believe it that we have a TIE for #1 spot for the most expensive neighbourhood in Calgary? That’s right. And in no particular order, here are your top 2 neighbourhoods in Calgary!
Average Price: $1,490,000 Median Income (2016 Census): $401,839
Bel-Aire is a wealthy and small community with only 385 households. It is surrounded by some amazing pathways on the elbow river with access to the Glenmore Reservoir and Elbow Dr. Within walking distance to Chinook Centre. You are sure to have everything you need right at your fingertips.
Average Price: $1,490,000 Median Income (2016 Census): $565,835
With the highest median income in the city at $565,000, this affluent community is sure to impress. The Elbow River flows to the north and a large park to the east, you will enjoy walking and getting outside in this fantastic community. Just across the river is everything you will need for shopping and amenities in Mission.
We trust that you have enjoyed learning more about the 9 most expensive neighbourhoods in Calgary. Feel free to browse the current homes for sale in these neighbourhoods below.