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Most Expensive Neighbourhoods in Calgary: Calgary Luxury Home Buying Guide

Posted by Justin Havre on Friday, September 4th, 2020 at 12:21pm.

Where are the Most Expensive Neighbourhoods in Calgary?

With an overall affordable cost of living, some of Canada’s wealthiest neighbourhoods can also be found in Calgary. These communities offer unique and luxurious homes, many with spectacular views. Mature trees, as well as proximity to specialty shops and eateries, are among the draws to these communities. The following neighbourhoods are some of the most expensive that Calgary has to offer.


Britannia Amenities

  • Many restaurants to choose from
  • Plenty of nightlife
  • Near the Bow River
  • Eau Claire Park

Established in 1956, Britannia is located along the east bank of the Elbow River, with homes representing an eclectic mix of single-family homes as well as luxury flats and condominiums. True to its namesake, the community has named numerous streets after famous streets in the U.K. Home prices in Britannia average just slightly over $2.6 million. Executive homes with views of the Rocky Mountains and River Valley sell at a premium. The neighbourhood is known for its mature trees, and restaurants, shopping centres, river walks, and sporting complexes are all within walking distance.

Eagle Ridge

Eagle Ridge Amenities

  • Peninsula in Glenmore Reservoir
  • Heritage Park Historical Village
  • Canmore Opera House
  • Gasoline Alley Museum

Located in Southwest Calgary, Eagle Ridge lies just east of the Glenmore Reservoir, with Rockyview General Hospital to its north and the Heritage Park Historical Village to its west. This tight-knit community comprises just three roads. Most of the residential real estate consists of luxury homes and bungalows. While the average home price is around $1.13 million, some of the most high-end properties in Eagle Ridge sell for around $2 million. Residents in Eagle Ridge enjoy easy access to a multitude of amenities. Outdoor enthusiasts can enjoy the community’s nearby bike paths, hiking trails, parks, and boat docks.

Elbow Park

Elbow Park Amenities

  • One of the oldest communities in Calgary
  • Borders the Elbow River
  • Several nearby parks
  • Close to downtown

Located at the bend in the Elbow River, the luxury community of Elbow Park was established in 1910. This makes it not only one of Calgary’s wealthiest neighbourhoods, but also one of its oldest. Many of the homes are authentic, resulting in a neighbourhood of historic architecture that maintains its extraordinary character while also offering homeowners a host of modern upgrades. The majority of Elbow Park residential real estate consists of single-family homes. The average home price is just over $1.3 million. Known as a very walkable community, residents have easy access to entertainment, retail, recreation, and restaurants.

Elbow Park Hotspots

Elbow Park Shopping

Elbow Park Nightlife


Roxboro Amenities

  • Off-leash dog park
  • Marion Gibson Hall
  • Roxboro Park

Established in 1923, Roxboro is known for its mature trees and tranquil residential streets. Residents can easily access nearby parks, recreational facilities, shopping, and other amenities. The neighbourhood is situated on the banks of the Elbow River, not far from Stampede Park. Many of the original structures from the 1920s remain. Roxboro boasts one of the highest median incomes in Calgary, and the average home price is around $1.4 million. Roxboro offers residents scenic streets and trails for walking and cycling. In addition to the outdoors, the community is known for its fine dining, locally owned coffee shops, and patio bistros.

St. Andrews Heights

St. Andrews Heights Amenities

  • Foothills Medical Centre
  • Karl Baker Off-Leash Park
  • Trans-Canada Hwy access
  • Saint Andrews Park

St. Andrews Heights is located on an embankment overlooking West Hillhurst. It has the unique distinction of having started out as a prestigious Calgary golf course. Even after the community was annexed by Calgary in 1910, residential development on this golf course community did not begin until the early 1950s. The community is known for its curvy streets, which conform to the community’s topography. Residences were built to take advantage of exceptional views of Bow River and the surrounding cityscape. The average home price in St. Andrews Heights is just over $1.3 million.

St. Andrews Heights Hotspots

St. Andrews Heights Shopping

St. Andrews Heights Nightlife

St. Andrews Heights Restaurants


Bayview Amenities

  • Marina
  • Glenmore Landing shopping center
  • Forgetmenot Park
  • Glenmore Sailing Club

Bayview is a small, luxury neighbourhood situated on the edge of the Glenmore Reservoir in Southwest Calgary. Founded in 1967, the community is known for its waterfront recreation. Bayview offers its residents easy access to walking trails, retailers, and the reservoir. The community is also close to downtown Calgary as well as just minutes from the Elbow River and its park-pathway network. Bayview properties are dominated by single-family luxury homes, with most featuring expansive lots. Luxury lakefront homes are mostly single-family bungalows. The average price of homes in Bayview is just over $1 million.


Parkdale Amenities

  • Near Foothills Hospital
  • Bow River Pathway

Although annexed by Calgary in 1910, it wasn’t until after WWII that the Parkdale neighbourhood was developed. Located along the Bow River, most of Parkdale real estate consists of renovated housing, though there have also been new single-family developments to take the place of older homes. Parkdale appeals to home buyers with its easy access to entertainment and recreation, along with locally owned restaurants and shops.


Rosedale Amenities

  • McHugh Bluff Park
  • Calgary Childrens Choir
  • Borders Trans-Canada Hwy

Rosedale is centrally located in the heart of Calgary. Annexed by the city in 1907, the Rosedale housing market wasn’t established until 1929. In recent years, many older homes have been replaced with new developments. Rosedale residents enjoy easy access to downtown Calgary as well as several universities and colleges. Rosedale real estate is dominated by single-family homes. The average price of homes in Rosedale is just under $1.3 million. The community is known for its mix of newer and older homes, set on tree-lined streets.

Mount Royal

Mount Royal Amenities

  • Beautiful architecture
  • Tree-lined streets
  • Scenic views of the city

Mount Royal is actually two neighbourhoods: Upper Mount Royal and Lower Mount Royal, separated by an escarpment running along Cameron and Royal Avenues. Upper Mount Royal lies between Frontenac Avenue and 34th Avenue and got its start during the height of the Canadian Pacific Railway. Some homes in this area are more than a century old. Upper Mount Royal lies between Frontenac Avenue and Colborne Crescent. The average home price for Mount Royal is about $1.29 million.

Bel Aire

Bel Aire Amenities

  • Beautiful residential neighbourhood
  • Near the Glenmore Reservoir
  • Borders the Elbow River
  • Borders Calgary Golf & Country Club

Established in 1954, Bel Aire is located in Southwest Calgary. The neighbourhood is bordered on the east by Meadowland Park and on the west by Glenmore Reservoir. All properties in Bel Aire consist of single-family homes set on tree-lined streets. Bel Aire is highly sought after due in part to having some of the most spectacular views in the city. The average home price in Bel Aire is about $1.35 million, though some of the most luxurious homes can range up to $12 million and more. Residents can enjoy the network of pathways on the Elbow River, easy access to the Glenmore Reservoir, and breathtaking views.


Mayfair Amenities

  • Beautiful residential neighbourhood
  • Near the Glenmore Reservoir
  • Borders the Elbow River
  • Walking and biking trails

Real estate development in Mayfair began in 1957, not long after the community was annexed by the city. Mayfair developed quickly, due in large part to its proximity to the Glenmore Reservoir and Heritage Park. Most homes for sale in Mayfair are single-family homes. The average home price is around $1.35 million. Mayfair is known as an outdoor enthusiast’s paradise, with access to the Glenmore Reservoir, Glenmore Athletic Park and Weaselhead Flats. Those looking for unique, locally owned shops as well as mall shopping will find both options in Mayfair.

Mayfair Hotspots

Mayfair Shopping

Mayfair Cafés

Mayfair Restaurants

Pump Hill

Pump Hill Amenities

  • Near Glenmore Reservoir
  • Luxury homes
  • Large lots
  • Dog Park

Although the housing market in the Pump Hill area has existed since 1967, it wasn’t until 1991 that the neighbourhood was recognized. Up to that point, homes within the community were considered to be part of neighbouring Palliser. The community gets its name from an old windmill that used to supply water to the surrounding houses. While there are a handful of semi-detached homes and townhomes, the wide majority of homes in Pump Hill are luxury condominiums and single-family homes. Some of the most expensive homes in Pump Hill can be found near the Glenmore Reservoir. The average home price in Pump Hill is $618,875.

Pump Hill Hotspots

Pump Hill Cafés

Pump Hill Restaurants

Breathtaking views, tree-lined streets, unique shopping, and locally owned restaurants are some hallmarks of Calgary’s most exclusive neighbourhoods. If you’re thinking about making the move to one of Calgary's luxurious communities, these neighbourhoods are some excellent choices to consider. If one of these high-end neighbourhoods catches your eye, contact the Justin Havre team of RE/MAX First with Calgary Homes at 403-217-0003 to get in touch with an agent who can help you find your new Calgary dream home.

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