In the PwC and Urban Land Institute’s "Emerging Trends in Canadian Real Estate 2025,” Calgary was named the top real estate market to watch in Canada. Thanks to a strong economy and relative housing affordability compared to Canada’s other urban centres, the city’s real estate market is one of the country’s most dynamic. This surge in housing has fueled unprecedented demand in Calgary’s most exclusive neighbourhoods.
From historic enclaves with massive mansions to modern communities that offer luxurious amenities and stunning views, Calgary’s richest neighbourhoods offer a blend of exclusivity, convenience and lifestyle. Whether you want top schools, gorgeous greenspace or high-end shopping and dining, these areas represent some of the city’s most coveted addresses. Below, we explore the richest neighbourhoods in Calgary, showing what makes each one special.
Methodology
To find the richest neighbourhoods in Calgary, we considered a wide range of factors with a primary focus on housing prices. Our research also considered school quality, neighbourhood safety and amenities such as parks, eateries and shopping. We also looked at public transit options, the variety of housing types available and overall community appeal. To gather this data we focused largely on local real estate and community websites, as well as sites such as Zumper, Zolo and the Canada Mortgage and Housing Corporation.
1. Upper Mount Royal
Key features: Prestigious, one of Calgary’s oldest neighbourhoods, great schools and strong sense of community
Average median house price: $2 million (though prices can go as high as $8 million)
Average rental cost of a 1-bedroom apartment: $1,600
Mount Royal is aptly named for its elevated, hilltop setting and rich heritage. One of the city’s oldest neighbourhoods, it holds some of the most expensive houses in Calgary. It’s also famous for its stately historic mansions, large mature lots and tree-lined streets. A short 10-minute drive to downtown, greenspace is nonetheless plentiful with Earl Grey Park and Cartier Park being among the favourites. The area is also close to the walking paths and biking trails of Elbow River and is just a short walk to the bustling commercial district on 17th avenue, filled with chic restaurants and boutiques. It also boasts great schools, an active community association and Glencoe Club, a private club that offers tennis, badminton, squash and more.
2. Altadore
Key features: Good mix of housing types, incredible greenspaces, bursting with amenities due to proximity to Marda’s Loop
Average median house price: $1.1 million
Average rental cost of a 1-bedroom apartment: $1,700
Big on charm, Altadore offers the perfect balance between urban convenience and suburban serenity, with tree-lined streets and a combo of condos, older bungalows, renovated homes, custom-built estates and modern infills. Residents enjoy easy access to Elbow River’s parks and pathways, as well as Sandy Beach Park and massive River Park (which features an off-leash area for dogs). Its proximity to Marda Loop — a hotspot jam-packed with boutique shopping, coffee shops and upscale dining — adds to its appeal for young professionals and families alike.
3. Elbow Park
Key features: Historic homes, riverside location, top-rated schools, strong community spirit
Average median house price: $2 million
Average rental cost of a 1-bedroom apartment: $1,800
Set between Upper Mount Royal and Britannia, this wealthy neighbourhood offers plenty of upscale charm. It was founded in 1910, making it among the city’s oldest districts. It’s prized for its large heritage homes, mature lots and riverside location. Its proximity to Elbow River means residents can take advantage of walking trails and gorgeous views. It also gets top marks for safety and public transportation, as well as active community engagement. Elbow Park is particularly popular with families thanks to its top-ranking public and private schools.
4. Bel-Aire
Key features: Small and serene, lovely views, access to outdoor amenities and downtown
Average median house price: $2.5 million
Average rental cost of a 1-bedroom apartment: $1,500
Small in size but big in stature, Bel-Aire is an exclusive neighbourhood that features sprawling estate homes on generous lots, many with panoramic views of the Glenmore Reservoir, the Elbow River or Calgary’s skyline. Residents relish the peace and privacy of a secluded enclave, yet also have quick access to downtown, major roads and high-end shopping at Chinook Centre. Outdoor lovers appreciate the proximity to Glenmore Reservoir’s trails and parks.
5. Pump Hill
Key features: Country-side ambiance, large lots, close to Glenmore Reservoir for outdoor activities
Average median house price: $2.3 million
Average rental cost of a 1-bedroom apartment: $1,800
This sought-after neighbourhood ranks high for large lots, seclusion and privacy. Luxurious homes with meticulously maintained landscaping and an out-in-the-country feel are signatures of this affluent area. It also has a highly ranked school system, making it ideal for families. Outdoor enthusiasts will appreciate its proximity to the Glenmore Reservoir, which is great for running, biking and hiking as well as watersports such as kayaking. Glenmore Landing, a nearby shopping hub, provides easy access to amenities like groceries and Chinook Mall is just a 10-minute drive north.
6. Britannia
Key features: High walkability score, historic neighbourhood, close-knit community, lots of outdoor and indoor amenities
Average median house price: $1.6 million
Average rental cost of a 1-bedroom apartment: $1,500
If you’re looking for an exclusive enclave that offers scenic beauty, architectural elegance and a close-knit community then Britannia is hard to beat. The neighbourhood’s history begins in the early 1900s and therefore there’s no shortage of mature tree cover and historic properties. Considered one of Calgary’s most walkable neighbourhoods, there’s an abundance of amenities within strolling distance. Residents enjoy shopping at Britannia Plaza, as well as the private Calgary Golf & Country Club, several parks and Elbow River pathways for outdoor activities.
7. Heritage Pointe
Key features: Lake access, golf course, extensive walking paths, tranquil natural surroundings
Average median house price: $1.8 million
Average rental cost of a 1-bedroom apartment: Not available (as a planned residential luxury community there are not many rentals available typically)
Just on the southern outskirts of Calgary, you’ll find this suburban sanctuary designed as a master-planned residential community. A golf lover’s dream, the area is built around a man-made lake and Heritage Pointe Golf Club. Many of the estate homes border the lake or golf course so residents enjoy a surrounding that exudes a picturesque, pastoral charm. The neighbourhood is also known for its community engagement, with regular events and a welcoming residents’ association. It also offers access to major roadways, top schools and nearby shopping.
8. Rosedale
Key features: Panoramic city and river valley views, close to McHugh Bluff and Confederation Park, active community association
Average median house price: $2.3 million
Average rental cost of a 1-bedroom apartment: $2,000
Ideally located on the Bow River Valley north escarpment, Rosedale offers an enticing blend of luxury living with nature-centric amenities. The neighbourhood is particularly well-known for its historic homes, enthusiastic community association, beautiful parks and stunning vistas. McHugh Bluff Park is a favourite for walking and it has an off-leash dog park.The area’s proximity to top educational institutions, the C-Train and downtown make it especially attractive to families and professionals. Rosedale is also close to the Trans-Canada highway and the Southern Alberta Institute of Technology.
9. Roxboro
Key features: Historic architecture, small and serene, conveniently close to amenities and downtown
Average median house price: $1.9 million (though homes routinely go for upwards of $3 to $4 million)
Average rental cost of a 1-bedroom apartment: $1,800
This quiet spot is set along the Elbow River. Founded in 1923, it retains much of its early 20th-century charm, with stately homes on large, treed lots. Strict development guidelines preserve the neighbourhood’s unique character. Despite its peaceful ambiance, Roxboro is just minutes from downtown and the vibrant Mission and 17th Avenue district, with restaurants, bars and shopping. The neighbourhood’s riverside location means residents have plenty of walking and biking paths to explore.
10. Aspen Woods
Key features: Mix of estates, townhomes and condos (making it one of Calgary’s more affordable high-end areas), acclaimed schools, high community engagement
Average median house price: $1 million (but condos and townhomes are available for under 1 million)
Average rental cost of a 1-bedroom apartment: $2,000
Aspen Woods is a newer community on Calgary’s west end that’s popular with families and professionals. The area features a mix of modern mansions, condos and townhomes. Its elevated position offers stunning views of the Rockies with plenty of opportunities to stay active thanks to the Westside recreation centre and the community association that plans lots of neighbourhood activities, promoting community spirit. The area is also home to some of the city’s best public and private schools.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
