10 Most Expensive Neighbourhoods in Calgary: Luxurious Living

Where Are Calgary's Expensive Neighbourhoods?

Calgary's luxury real estate market includes stunning homes in high-end neighbourhoods. Each neighbourhood boasts a unique allure, offering a glimpse into Calgary's world of opulence and luxury. From stunning waterfront properties to breathtaking mountain views, these exclusive communities are more than just places to call home—they're top options for those who don't mind a higher cost of living in Calgary. Explore luxury living in Calgary's most prestigious neighbourhoods.

Neighbourhood Highlights

  • Bayview offers luxury living on a reservoir peninsula with stunning views.
  • Aspen Woods features upscale housing with Rockies views and diverse amenities.
  • Altadore provides vibrant living with custom houses and proximity to parks.
  • Upper Mount Royal offers luxurious detached homes with convenient shopping and trails.
  • Bel-Aire boasts upscale homes near a golf club with picturesque city and Rockies views.


Nestled on a peninsula on the shore of the Glenmore Reservoir in Southwest Calgary, Bayview offers unparalleled privacy and luxury living in Calgary. With average home prices of more than $1.5 million, more than double the city-wide average, homes in Bayview are some of the most expensive and sought-after in Calgary. This beautiful waterfront community provides a serene escape from the hustle and bustle of urban life. The neighbourhood backs onto the reservoir, offering stunning views and a tranquil atmosphere. Bayview, although small, is known for its luxurious homes that blend historical charm with modern amenities. Immaculately landscaped streets and spacious yards add to the appeal of the area.

For nature enthusiasts, Bayview is a dream come true. With proximity to Glenmore Park, Weaselhead Flats, and Heritage Park, outdoor activities are abundant. Hiking trails, biking paths along the Elbow River, and water activities on the reservoir are also available. When you crave city amenities, Chinook Mall is a short distance away, offering shopping and dining options. Bayview truly encapsulates the best of both worlds—luxury living in a serene natural setting with easy access to urban conveniences.


Altadore, a vibrant neighbourhood in the southwest part of Calgary, presents a diverse real estate landscape with custom houses and condos. Detached homes in Altadore are typically priced from the $900s to $1.8 million, but the neighbourhood also has a great selection of townhomes and condos. Altadore offers a mix of housing options suitable for various budgets, with character homes often available. 

Amenities include proximity to Sandy Beach Park and River Park, as well as access to the vibrant Marda Loop shopping district and the Calgary Farmers' Market in Currie Barracks. Partially due to its location near River Park and Marda Loop, Altadore has been frequently recognized as one of Calgary's best neighbourhoods. Residents can also enjoy the deluxe resources of the Marda Loop Community Association, such as outdoor pools, tennis courts, and seasonal beach volleyball on the skating rinks.

Aspen Woods

Calgary's Scenic Aspen Woods Neighbourhood

In West Calgary, Aspen Woods offers a mix of upscale housing developments and scenic views of the Rockies lining the western horizon. While Aspen Woods' condos list in the $400s and $500s, most homes cost $1 million or more. The neighbourhood showcases a blend of farm properties, acreage, undeveloped land, and upscale housing developments such as Aspen Escapes, enhancing its desirability.

Homes in Aspen Woods include condos, townhomes, and detached homes with spacious lots, and its most luxurious estates can list from $2.5 million to $8 million. Residents benefit from proximity to amenities, making it a highly sought-after neighbourhood. With easy access to the mountains for skiing or hiking and a 20-minute commute to downtown, it's easy to see why this is one of the best suburbs of Calgary.

The community boasts convenient access to the West Hills Town Centre, Edworthy Park, golf courses, and the Westside Rec Centre, featuring fitness areas, pools, walking trails, and ice rinks. Aspen Woods is part of the SCA Community Association, providing diverse activities for all age groups, including sports facilities such as hockey rinks, tennis courts, and soccer fields, along with a frozen pond for winter activities.


Mansion in the Bel-Aire Neighbourhood

Bel-Aire is a serene, upscale neighbourhood next to the Calgary Golf & Country Club. Homes in Bel-Aire usually range in price from $1.8 million to $3.7 million. Positioned alongside the Glenmore Reservoir, Bel-Aire offers picturesque views of the city and the snow-capped Rockies, with ample pathways and a brief commute to downtown via Elbow Drive. This neighbourhood is home to one private school and boasts the Bel-Aire Community Association, established in the 1950s, which offers diverse programs and activities for residents of all ages.


The Britannia neighbourhood is located just across the Calgary Golf & Country Club from the Bel-Aire community. The neighbourhood boasts refined elegance and vibrant amenities, boasting luxurious estate homes and a rich British-inspired ambiance. Homes in Britannia range from $900,000 to up to $5 million. The exceptional Britannia homes for sale range from mid-century bungalows to modern craftsman homes, offering many lot types to suit different preferences.

With street names like Coronation Drive and Elizabeth Road, Britannia's British theme is evident in its architecture and landscaping. This luxury community provides an array of estate homes, allowing buyers to find their dream property. Britannia is a well-developed neighbourhood with amenities such as restaurants, shopping centers, river pathways, sports facilities, and schools within walking distance. Additionally, the proximity to the centre of Calgary's economy, recreational venues, Elbow Park, The Glencoe Club, and the Elbow River pathway make Britannia a sought-after location for those seeking a luxurious lifestyle.

Upper Mount Royal

Upper Mount Royal Skyline View

With its rich history and luxurious real estate offerings, Upper Mount Royal stands out as one of Calgary's most prestigious neighbourhoods. Homes in Upper Mount Royal are primarily detached, with prices ranging from $1.5 million to nearly $4 million. Amenities include nearby shopping on 17 Avenue, proximity to Chinook Mall, well-maintained public land, and easy access to hiking and walking trails in nearby parks.

Located on the southwest side of Calgary, the Mount Royal community is close to both the Canada Rocky Mountain range and downtown Calgary. Though not far from downtown, the Mount Royal housing area is a quiet residential neighbourhood and near the Montessori School of Calgary.

The neighbourhood not only boasts a rich history but also provides a high standard of living with its upscale real estate options and convenient access to various amenities. Its small selection of Calgary condos rounds out its real estate offerings with more cost-friendly options. Residents of Upper Mount Royal enjoy a blend of luxury, convenience, and natural beauty that make it a sought-after community in Calgary.


Luxury homes can both be found in the Elboya neighbourhood. Home values have increased over the past years, and houses purchased here are considered prime investment properties. Elboya homes are located near schools and shopping, along with the Elbow River, Riverdale Park, and Stanley Park.

Pump Hill

Pump Hill stands out for its luxurious homes and stunning views of the Bow River Valley. Most homes in Pump Hill list from $950,000 to $2 million, though some of the most expensive luxury homes in Calgary are also found here, listing for up to $10 million. Pump Hill boasts Calgary's largest home at a staggering 22,000 square feet, showcasing the opulence of this community.

With a unique vantage point at an elevation of 1,095 metres, Pump Hill offers not only luxury living but also a breathtaking perspective within the city. As you explore Pump Hill real estate options, you'll discover a mix of expansive homes and townhouses, all with convenient access to major transportation routes.


As we shift focus to Patterson in West Calgary, we find a vibrant community with a diverse range of amenities and scenic views. Many homes in Patterson list from $800,000 to $2.2 million. Patterson shares a border with the Coach Hill neighbourhood, offering residents access to numerous activities and events. 

The area features plenty of parks, sports fields, and schools, along with stunning views from its elevated position near the Bow River Valley and downtown. Plus, the neighbourhood offers more accessible real estate options thanks to its share of the condos in West Calgary. The commute to the city center is convenient, thanks to the newly expanded Bow Trail. Additionally, shopping opportunities abound in nearby West Springs. Patterson delivers opportunities for outdoor recreation, access to educational facilities, and convenient shopping.

Elbow Park

A Taste of Nature in Elbow Park

Elbow Park, known for its proximity to Calgary's City Centre and the Elbow River, offers a premier inner-city living experience within walking distance of the Stampede Grounds. Homes in Elbow Park range from the high $800s to more than $4 million. Many of the original homes in Elbow Park and Glencoe still stand, showcasing elegant character alongside modern upgrades, particularly along the Elbow River. The majority of homes on the market are detached houses, most of which have been renovated to meet contemporary standards. 

Elbow Park boasts a range of amenities, including shops, restaurants, and entertainment options, with convenient access to Calgary's public transit system for anything not found within the neighbourhood. The community is well-connected by a city pathway system, providing easy access to River Park and Stanley Park. Given its stunning homes and prime location, properties in Elbow Park are highly coveted by those seeking a fantastic neighbourhood to call home.


Previously voted as a top neighbourhood in Calgary for its curb appeal, the Roxboro community is filled with large, luxury homes and beautiful walking paths. Roxboro residents enjoy close proximity to fine dining and quirky coffee shops. The suburban feel of Roxboro provides its residents with peace and calm, and neighbours in this area have homeowner's pride and excellent upkeep standards.


In the Parkhill neighbourhood, convenience permeates every aspect of daily life, giving residents access to amenities and services nearby. You can find detached homes priced from the $600s to nearly $3 million, but the City Centre condos in the neighbourhood list from the low $200s, providing affordable options alongside its luxury real estate. Parkhill is a residential neighbourhood south of Calgary's city center with many shopping and entertainment options.

Living in Parkhill means having Macleod Trail at your doorstep, a vibrant amenity corridor with restaurants, department stores, and grocery stores. Chinook Mall, a short drive away, offers a top shopping experience with a Cineplex Odeon IMAX Theatre. For even more shopping options, residents can head west to Westhills Towne Centre. Finally, downtown and the Beltline neighbourhood provide access to the best restaurants, shops, and entertainment venues, making Parkhill a prime location for those seeking convenience and luxury.

Call One of Calgary's Luxury Neighbourhoods Home

Whether you're looking for waterfront properties in Bayview or stunning views in Aspen Woods, these neighbourhoods offer luxury living at their finest. From Altadore to Upper Mount Royal, each area provides a unique blend of upscale amenities and convenient access to parks and recreational facilities. If you're in the market for high-end real estate, Calgary's most expensive neighbourhoods are sure to impress.

Are you ready to move to Calgary? Call Justin Havre with eXp Realty at (403) 217-0003 to talk with a local real estate agent who can help you find your dream Calgary home.

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