Calgary, Alberta, has just been ranked the second-best city in Canada for real estate by MoneySense and Zoocasa.
Released on May 5, 2025, this annual ranking highlights Calgary’s affordability and growth potential, placing it just behind Fredericton, New Brunswick.
Despite a $128,000 price increase over the past three years, Calgary offers budget-friendly neighborhoods like Greenwood-Greenbriar, Abbeydale, and Penbrooke Meadows, making it an attractive option for buyers.
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Calgary’s Real Estate Market in 2025: A Snapshot
Calgary, one of Canada’s largest cities, is known for its vibrant economy, fueled by sectors like energy, agriculture, and technology.
In 2025, it stands out as a prime real estate destination due to its relatively affordable housing compared to cities like Toronto and Vancouver.
The MoneySense and Zoocasa ranking evaluated key factors such as price trends, affordability, and neighborhood livability to determine the best places to buy in Canada.
Calgary secured the #2 spot, reflecting its balanced market and opportunities for buyers.
In 2024, Calgary’s housing market saw significant trends that continue into 2025.
The composite benchmark price for homes peaked at $589,000 in June 2024, ending the year at $575,400.
By October 2024, the benchmark residential price rose to $592,500, a 4% increase from the previous year, showing steady demand.
A surge in housing inventory, particularly for apartment condos, has created a more balanced market, giving buyers better negotiating power.
However, single-family detached homes priced under $700,000 remain highly sought after, often selling quickly due to limited supply in this price range.
What Makes Calgary a Top Choice for Homebuyers?
Calgary’s ranking as the second-best city for real estate in 2025 is no surprise.
Here are the key reasons why buyers are flocking to this western gem:
Affordability Advantage: Compared to Toronto (where average home prices exceed $1 million) and Vancouver (often over $1.2 million), Calgary offers more accessible options, with an average benchmark price of $592,500 in late 2024.
Economic Growth: Calgary’s diverse economy, supported by energy, tech, and agriculture, attracts professionals and families seeking stable job opportunities.
Balanced Market: Increased inventory, especially in condos, has shifted the market from a seller’s dominance to a more balanced state, giving buyers room to negotiate.
Lifestyle Appeal: From stunning Rocky Mountain views to vibrant urban amenities, Calgary offers a big-city lifestyle with a small-town feel, making it ideal for families, young professionals, and retirees.
Investment Potential: With home prices appreciating by $128,000 over three years, Calgary presents a strong opportunity for long-term value growth.
Despite rising prices, pockets of affordability remain, especially in certain neighborhoods, making Calgary a smart choice for buyers in 2025.
Top Neighborhoods in Calgary to Buy in 2025
Calgary’s neighborhoods vary widely, offering options for every budget and lifestyle.
The MoneySense and Zoocasa ranking identified three standout areas for affordability and value: Greenwood-Greenbriar, Abbeydale, and Penbrooke Meadows.
Let’s explore each in detail, along with additional insights into their appeal.
1. Penbrooke Meadows: Budget-Friendly and Family-Oriented
Located in southeast Calgary, Penbrooke Meadows is a top pick for buyers seeking value.
At the end of 2024, the average home price here was $434,157—a 41% increase from 2023 and a 66% rise since 2019.
Despite this growth, homes in Penbrooke Meadows remain more affordable than 75% of Calgary neighborhoods, earning a value score of 4.0.
This neighborhood excels in accessibility, scoring 2.3, with a quick 15-minute drive to downtown Calgary via Memorial Drive.
It’s close to Elliston Park, which offers green spaces for recreation, and features amenities like grocery stores, restaurants, and multiple elementary schools—perfect for families, as 43% of households have children.
However, buyers should note that Penbrooke Meadows has a crime rate 40% higher than the Calgary average, so it’s wise to research safety measures before committing.
2. Abbeydale: Affordable Living in the Northeast
Abbeydale, in Calgary’s northeast quadrant, is a working-class neighborhood known for its single-family homes and affordability.
The average home price at the end of 2024 was $488,821—significantly below the city average of $577,367—giving it a value score of 4.1.
Home prices here have grown steadily, with a 79% increase over five years, 64% over three years, and 49% in the last year, making it a solid investment.
Residents enjoy easy access to major attractions like the Calgary International Airport, the Calgary Zoo, and shopping complexes.
Bordered by the Trans-Canada Highway and Stoney Trail, Abbeydale is convenient for car owners, though public transit users may face longer commutes to downtown.
The neighborhood also offers community amenities like fitness programs, disc golf, and basketball courts, fostering a strong sense of community.
3. Greenwood-Greenbriar: A Hidden Gem in the Northwest
Greenwood-Greenbriar, located in northwest Calgary, is another affordable option for buyers.
While specific price data for this neighborhood wasn’t detailed in the ranking, its inclusion highlights its value and livability.
This area is known for its quiet, family-friendly vibe, with access to parks, schools, and outdoor recreational spaces.
Its proximity to major roads like Crowchild Trail makes commuting to downtown or other parts of the city straightforward.
Greenwood-Greenbriar is ideal for buyers seeking a peaceful retreat with the convenience of urban access.
Other Notable Neighborhoods
Beyond the top three, Calgary has other neighborhoods worth considering:
Livingston: A newer community in north Calgary with low crime rates and access to shopping centers like Beacon Hill and Sage Hill.
Homeownership here can save buyers $760.50 monthly compared to renting.
Canyon Meadows: In southwest Calgary, near Fish Creek Provincial Park, with average home prices around $900,000.
It offers a mix of historic charm and modern living, with condos starting in the low $200s.
Elboya: A scenic neighborhood near downtown, featuring mature tree-lined streets, walking trails, and stunning views of the Elbow River.
It’s a premium area with higher price points but unmatched charm.
Navigating Calgary’s Real Estate Market in 2025
The shift to a more balanced market in 2025 offers opportunities for buyers, but competition remains fierce for affordable homes.
Here are key trends and tips to help you succeed:
Market Trends to Watch
Increased Inventory: The surge in housing supply, particularly for condos, gives buyers more options and negotiating power.
In 2024, condo listings grew significantly, a trend continuing into 2025.
Demand for Affordable Homes: Single-family detached homes under $700,000 sell quickly due to high demand and limited supply.
Be prepared to act fast if you find a property in this range.
Higher-Priced Properties: Homes above $700,000 face less competition, offering opportunities for buyers with larger budgets to negotiate better deals.
Interest Rates: Mortgage rates dropped throughout 2024, and while they may stabilize in 2025, buyers are still cautious, waiting for the lowest rates before committing.
Tips for Buying in Calgary
Work with a Local Realtor: Partner with an experienced real estate agent familiar with Calgary’s neighborhoods to find the best deals.
Get Pre-Approved for a Mortgage: Knowing your budget upfront helps you act quickly in a competitive market.
Check rates in Calgary for the best five-year fixed or variable options.
Focus on Value Neighborhoods: Prioritize areas like Penbrooke Meadows and Abbeydale for affordability and growth potential.
Consider Condos: If single-family homes are out of reach, explore the condo market, where increased supply offers better prices and negotiation opportunities.
Research Neighborhood Safety: While affordability is key, ensure the area aligns with your safety and lifestyle needs, especially in neighborhoods like Penbrooke Meadows with higher crime rates.
Calculate Costs: Use online tools to estimate your mortgage payments and ensure you can afford the home, factoring in property taxes and maintenance.
Act Quickly but Wisely: For homes under $700,000, be ready to make an offer fast, but don’t skip inspections or due diligence to avoid costly surprises.
Why Invest in Calgary Real Estate Now?
Calgary’s real estate market in 2025 offers a unique blend of opportunity and growth.
Here’s why now is the right time to buy:
Long-Term Value: With prices appreciating by $128,000 over three years, Calgary properties are a solid investment for future gains.
Balanced Market Dynamics: More inventory means less pressure to overbid, giving buyers a chance to secure favorable deals.
Economic Stability: Calgary’s strong job market and economic diversity make it a reliable choice for long-term residency or investment.
Lifestyle Benefits: From outdoor activities in nearby Banff to urban amenities like the Calgary Zoo, the city offers a high quality of life.
However, buyers should be cautious of potential challenges, such as rising interest rates or economic shifts that could impact affordability.
Consulting with a financial advisor can help you weigh these risks against the benefits.
Comparing Calgary to Other Top Cities
How does Calgary stack up against other top-ranked cities in the MoneySense and Zoocasa list?
Fredericton, NB (#1): Fredericton offers lower home prices ($250,000–$400,000 range) and a rich cultural scene, attracting first-time buyers and locals returning to the area.
However, it lacks Calgary’s big-city amenities and economic diversity.
Saint John, NB (#3): With a benchmark price of $286,592 in 2023 and 3% annual growth, Saint John is more affordable but offers fewer job opportunities and a smaller market compared to Calgary.
Toronto and Vancouver: These cities are far less affordable, with average prices exceeding $1 million.
Calgary provides a more accessible entry point for buyers priced out of these markets.
Calgary strikes a balance between affordability, growth, and livability, making it a standout choice for 2025.
The Future of Calgary’s Real Estate Market
Looking ahead, Calgary’s real estate market is poised for continued growth.
The city’s population is expected to grow as professionals and families relocate for job opportunities and a lower cost of living compared to other major Canadian cities.
Infrastructure developments, such as the expansion of the Green Line LRT, will enhance accessibility in neighborhoods like Penbrooke Meadows and Abbeydale, potentially driving up property values in the coming years.
Additionally, Calgary’s focus on sustainable urban planning and tech innovation positions it as a forward-thinking city for long-term investment.
However, potential challenges include global economic uncertainties and local factors like oil price fluctuations, which historically impact Calgary’s economy.
Buyers should stay informed about market trends and work with professionals to make strategic decisions.
Seize the Opportunity in Calgary in 2025
Calgary’s ranking as the second-best city in Canada for real estate in 2025 underscores its appeal for homebuyers and investors alike.
With affordable neighborhoods like Penbrooke Meadows, Abbeydale, and Greenwood-Greenbriar, a balanced market, and a thriving economy, now is a smart time to invest in this western city.
Whether you’re a first-time buyer, a growing family, or an investor, Calgary offers diverse options to suit your needs.
Start your home-buying journey today by exploring these top neighborhoods and working with a local realtor to find your dream home.
Share this guide with others looking to buy in 2025—let’s make Calgary the go-to destination for real estate this year!
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