Calgary's Richest Neighbourhoods: 10 Most Expensive Neighbourhoods

Looking for Calgary's most exclusive neighbourhoods? You're not alone. With Calgary named Canada's top real estate market to watch in 2025, luxury home prices have jumped dramatically. Some neighbourhoods now have average home prices over $3.6 million.

This guide breaks down the most expensive neighbourhoods in Calgary based on 2024-2025 sales data. You'll see current prices, what makes each area special, and which ones are worth your attention if you're serious about luxury living in Calgary.

Quick Look at Calgary's Richest Neighbourhoods

• Upper Mount Royal leads at $3.6M median: Historic charm meets city views
• Bel-Aire averages $2.9M: Privacy and golf course access without the fees
• Roxboro homes average around $2M: Best value for scenic luxury
• Waterfront living from $1.5M in Eagle Ridge: Glenmore Reservoir access
• Price jumps happened fast: Some areas saw 44% increases in one year
• Location drives everything: River access, mountain views, downtown proximity

Upper Mount Royal: Calgary's Crown Jewel

Upper Mount Royal takes the top spot among Calgary's priciest neighbourhoods, with a 2025 median price of $3.6 million. That's a massive jump from $2.5 million just last year.

The Canadian Pacific Railway originally occupied the Upper Mount Royal neighbourhood, but today, it's home to some of the most spectacular luxury real estate in Calgary. Upper Mount Royal is located just 4 kilometres from downtown, offering a suburban feel that's tough to find in City Centre Calgary.

Upper Mount Royal Real Estate

Homes in Upper Mount Royal are primarily large, detached residences, and they're typically priced from around $1.5 million to more than $5 million.

That money typically gets you a custom estate home with 3,000+ square feet. Most properties sit on large lots with mature landscaping. Many homes offer sweeping views of downtown Calgary and the Rocky Mountains.

The neighbourhood features everything from Tudor Revival mansions to sleek modern builds. Century-old character homes often sell for $4-5 million after renovation.

Bel-Aire: Where Privacy Meets Prestige

On the border of City Centre and Southwest Calgary, Bel-Aire is perched on the banks of the Elbow River. This exclusive enclave boasts sprawling estates and luxurious homes nestled amidst lush greenery and manicured lawns.

Homes in Bel-Aire don't come on the market too often, but when they do, homebuyers can expect prices ranging from $2 million to $5 million.

What Makes Bel-Aire Special

With its tree-lined streets and tranquil ambiance, Bel-Aire offers residents a serene retreat from the hustle and bustle of city life. Despite its secluded setting, Bel-Aire is just minutes away from Downtown Calgary, providing residents with easy access to all the amenities and conveniences of urban living.

The Calgary Golf & Country Club sits right in the neighbourhood, but you don't pay golf course premiums on every home. You get the scenic benefits and quiet streets without mandatory membership fees.

Crescent Park provides additional green space for the community. The Glenmore Dam Off-Leash Dog Park sits nearby for outdoor activities.

Roxboro: Scenic Elbow River Setting

Situated along the scenic Elbow River, the Roxboro neighbourhood epitomizes luxury living in Calgary. With its tree-lined streets and stunning river views, this neighbourhood boasts some of Calgary's waterfront homes, many of which are architectural masterpieces.

Homes in the Roxboro neighbourhood typically list from $1.5 million to nearly $5 million.

An Enviable Location

Roxboro's downtown proximity adds to its allure, offering residents convenient access to all the amenities and things to do in Calgary.

The small neighbourhood is primarily residential, but it's home to beautiful Roxboro Park. The park is the site of the Roxboro & Erlton Offleash Dog Park and The Carl Brown Ice Rink, making it a great multi-use open area. The Atrium Square shopping center is a short walk away, and residents are within walking distance of the annual Calgary Stampede festivities.

Eagle Ridge: Outdoor Adventures Await

Nestled on a peninsula next to the Glenmore Reservoir—one of the best lakes in Calgary—Eagle Ridge is a small but mighty neighbourhood. While it's located in Southwest Calgary, it's less than 10 km from downtown and offers public transit accessibility.

Homes in Eagle Ridge are typically priced from $2 million to more than $7 million. This exclusive neighbourhood is renowned for its spacious lots and meticulously landscaped properties. People here love exploring nature just outside their front doors while maintaining convenient proximity to the city centre.

With its proximity to Glenmore Reservoir and Weaselhead Natural Area, outdoor enthusiasts can enjoy an array of recreational activities, from hiking and biking to boating and birdwatching.

Eagle Ridge offers a rare combination of tranquillity and convenience, making it a highly sought-after neighbourhood with an unparalleled lifestyle.

Britannia: Small Neighbourhood, Big Price Tags

Britannia's 2025 median price sits at $1.8 million, but the average is closer to $2.4 million. The most expensive home sold for $4.8 million in 2024.

This tiny neighbourhood packs luxury into every street. Properties feature elevated terrain that provides valley views and mountain vistas.

Many Britannia homes showcase mid-century modern architecture alongside custom contemporary builds. The riverside location means many properties offer water access. It's one of the most unique options for waterfront homes in Calgary.

The neighbourhood was designed as a luxury community from the start in the 1950s.

English Country Charm in the Heart of Calgary

The English-inspired street names (matching famous London roads) give the area a distinctive character.

The neighbourhood backs onto the Elbow River with direct pathway access. Sandy Beach Park and Riverdale Park provide outdoor recreation space.

CF Chinook Centre and Britannia Plaza Shopping Centre handle daily needs. The area connects easily to downtown via the Elbow River pathway system.

Calgary's Other Luxury Neighbourhoods

While these additional neighbourhoods may not rank in the top 5, they each offer their own special brand of luxury.

Bayview: $1M-$3.5M

Bayview is located on the southern shore of the Glenmore Reservoir. Feels more suburban than luxury City Centre neighbourhoods.

Elbow Park: $1M-$7M

Surrounded by the Elbow River and Upper Mount Royal, Elbow Park offers a uniquely luxurious setting.

Pump Hill: $1.5M-$10M

Home to Calgary's most expensive property at $19.7 million. Panoramic city and mountain views with South Glenmore Park access.

Parkdale: $1.2M median

Bow River location mixing newer developments with heritage homes. Direct downtown pathway access and riverside charm.

Rosedale: $1.2M-$2.7M

Central location with easy downtown and university access. Bow River Valley setting with McHugh Bluff recreation.

Looking for Luxury in Calgary?

The richest neighbourhoods in Calgary offer a glimpse into an opulent lifestyle and luxury living. From historic Tudors to custom homes built by top Calgary home builders, there's something for every taste and style.

From the tree-lined streets of Roxboro to the majestic hillside estates of Upper Mount Royal, each neighbourhood exudes prestige and exclusivity.

Whether you're seeking tranquillity, elegance, or convenience, Calgary's most expensive neighbourhoods deliver on every front, solidifying their status as the epitome of luxury living in the city.