FAQs About Calgary Luxury Homes

A luxury home in Calgary is defined by its exceptional design, premium finishes, and prime locations in prestigious neighbourhoods like Bel-Aire, Elbow Park, and Upper Mount Royal. These homes, typically priced over $1 million, offer unmatched sophistication with features such as custom cabinetry, state-of-the-art kitchens equipped with high-end appliances like Sub-Zero refrigerators, Wolf ranges, and Miele dishwashers. Many of these properties also boast spa-like bathrooms, wine cellars, and expansive outdoor living spaces.

In 2023, 1,439 luxury homes priced at $1 million or more were sold in Calgary. These homes typically featured an average size of around 3,000 square feet (above grade) and were most often 2-storey properties.

The top 10 most expensive neighbourhoods in Calgary, along with their average sold prices (for homes over $1 million), are:

1. Bel-Aire – $2,443,727
2. Elbow Park – $2,206,818
3. Britannia – $2,136,071
4. Rosedale – $2,119,800
5. Upper Mount Royal – $2,088,057
6. Elboya – $1,971,536
7. Roxboro – $1,911,875
8. Mission – $1,872,889
9. Lakeview – $1,791,417
10. St. Andrews Heights – $1,747,787

Source: Based on CREB data from 2023. 1,439 homes in Calgary sold for over $1 million.

The top luxury home communities in NW Calgary, along with their average prices (for homes over $1 million), are:

1. Varsity Estates – $1,600,000
2. St. Andrews Heights – $1,747,787
3. West Hillhurst – $1,525,000
4. Tuscany – $1,200,000
5. Rocky Ridge – $1,150,000
6. Crestmont – $1,050,000
7. Hawkwood – $1,100,000
8. Edgemont – $1,150,000
9. Parkdale – $1,500,000
10. Charleswood – $1,300,000

NW Calgary is perfect for luxury homeowners with its proximity to top schools like Sir Winston Churchill High School and Westmount Charter School, stunning mountain views, and easy access to outdoor spaces like Nose Hill Park. Neighbourhoods like Rocky Ridge, and Charleswood offer beautiful homes and a luxurious lifestyle. Residents also enjoy upscale shopping at Market Mall and recreational facilities such as the Rocky Ridge YMCA and Silver Springs Golf & Country Club, making it an ideal location for luxury living.

Source: Based on CREB data from 2023. 1,439 homes in Calgary sold for over $1 million.

The top luxury home communities in SE Calgary, along with their average prices (for homes over $1 million), are:

1. Mahogany – $1,461,482
2. Auburn Bay – $1,431,649
3. Lake Bonavista – $1,370,726
4. Cranston – $1,314,457
5. Legacy – $1,305,000
6. McKenzie Lake – $1,287,864

SE Calgary offers some of the most desirable luxury communities, with stunning homes, exclusive amenities, and the rare advantage of access to private lakes. Neighbourhoods like Mahogany, Auburn Bay, Lake Bonavista, Cranston provide beautiful, spacious homes with large lots. You’ll love the easy access to upscale shopping at Seton Urban District, recreational facilities like the South Health Campus YMCA, and the natural beauty of Fish Creek Provincial Park. Families are also drawn to the top schools, including Calgary Christian School, Strathcona-Tweedsmuir School, and Centennial High School, making SE Calgary a perfect choice for luxury living.

Source: Based on CREB data from 2023. 1,439 homes in Calgary sold for over $1 million.

The top luxury home communities in SW Calgary, along with their average prices (over $1 million), are:

1. Bel-Aire – $2,443,727
2. Elbow Park – $2,206,818
3. Britannia – $2,136,071
4. Upper Mount Royal – $2,088,057
5. Eagle Ridge – $1,735,000
6. Bayview – $1,535,445
7. Aspen Woods – $1,507,019
8. Springbank Hill – $1,467,451
9. Pumphill – $1,450,000
10. Mount Royal – $1,430,000

SW Calgary is home to some of the most sought-after luxury communities, offering stunning properties and exclusive amenities. Top neighbourhoods include Bel-Aire, Elbow Park, Mount Royal, Britannia, and Aspen Woods. These areas provide spacious homes with modern designs, large lots, and easy access to upscale shopping at Westhills Shopping Centre, exclusive recreational facilities like the Glencoe Club, and nearby green spaces such as South Glenmore Park. Families are also drawn to the top schools, including Webber Academy, Rundle College, and Masters Academy, making SW Calgary an ideal choice for luxury living.

Source: Based on CREB data from 2023. 1,439 homes in Calgary sold for over $1 million.

Yes, Calgary’s luxury homes offer not only excellent value but also long-term investment potential. Buyers here are drawn to high-demand neighbourhoods like Mount Royal, Elbow Park, and Britannia, where you’ll find stunning properties that offer more space and land compared to cities like Vancouver or Toronto. Calgary’s luxury market has consistently outperformed in recent years, becoming one of Canada’s top luxury real estate markets. As a city with a thriving economy and affordable high-end properties, it’s an excellent place for both local and international buyers looking to make a smart investment.

What truly sets Calgary apart is its lifestyle. You’re not just buying a home—you’re gaining access to breathtaking Rocky Mountain, lake or river views, world-class outdoor recreation, and a city known for its balance of nature and urban amenities. Add to that Calgary’s low property taxes and no provincial sales tax, and you have the perfect mix for a great long-term investment.

Calgary’s luxury homes offer unmatched value, especially when compared to cities like Vancouver and Toronto. In July 2024, the benchmark price for residential homes in Calgary was $606,700, significantly lower than Toronto’s $1,100,000 and Vancouver’s $1,198,000. Here in Calgary, you’re getting more space, more land, and an exceptional lifestyle at a fraction of the cost.

While Vancouver may boast ocean views and Toronto’s appeal is its urban core, Calgary's luxury market shines with breathtaking Rocky Mountain views, vast outdoor recreation opportunities, and access to world-class skiing. You’ll love that Calgary offers a blend of luxury living and nature, with lower property taxes and no provincial sales tax, giving you more for your money. It’s this combination of value and lifestyle that makes Calgary a standout choice for luxury home buyers.

If you're looking for a home that offers not only space but also a strong return on investment, Calgary is where you’ll find the perfect blend of luxury and long-term value.

Source: Based on CREA data.

When buying a luxury home in Calgary, it’s essential to focus on the right location, future resale value, and the overall quality of the property. Look for neighbourhoods like Mount Royal, Bel-Aire, or Elbow Park, where homes offer not only privacy but also proximity to Calgary’s best amenities, such as top schools, golf courses, and parks. Properties with unique features like panoramic mountain views or private lake access in areas like Lake Bonavista can set your home apart and increase its long-term value.

Make sure to also evaluate the craftsmanship and design of the home. High-end finishes, custom architecture, and energy-efficient technology can all enhance the quality of your investment. Working with an experienced Calgary real estate agent who knows the luxury market inside and out is crucial.