Last updated February 2026
Calgary continues to be one of Canada’s most affordable major housing markets, with balanced prices compared to Vancouver and Toronto, making it attractive for first-time buyers and investors alike. Recent market data shows that while average home prices in Calgary remain steady, some neighbourhoods and property types offer especially affordable entry points in 2026.
According to WOWA’s January 2026 city housing update, Calgary’s average home price was $618,270, while median home prices hovered around $556,250, significantly lower than key Ontario and B.C. markets.
Why Calgary Is Still Affordable
Calgary’s housing market is currently balanced, with inventory higher than past years and more options for buyers. Apartment prices, in particular, are seeing lower benchmark values than detached homes — making condos one of the most affordable entry points for buyers in 2026.
Top Affordable Areas in Calgary for 2026
Below are neighbourhoods and areas where homes tend to be more budget-friendly.
1. Northeast Calgary
The Northeast quadrant, including communities like Mayland Heights and parts of Marlborough, consistently features some of the most affordable homes in the city, with lower price ranges for both detached and semi-detached homes compared to other quadrants.
Why it’s affordable:
- Older established neighbourhoods with mature housing stock
- Larger family homes with bigger lots
- Good transit access and proximity to Calgary International Airport
2. Deer Ridge
Located in South Calgary, Deer Ridge is known for more budget-friendly single-family homes compared to newer suburbs. Homes here often list in the lower price ranges relative to many areas closer to downtown.
Benefits:
- Strong community vibe
- Close to shopping and Fish Creek Provincial Park
3. Beddington Heights & Northwest Options
Beddington Heights and pockets of Northwest Calgary offer a good balance of affordability and community resources. Homes here, including townhouses and condos, are priced lower than similar types in the West and South.
What you’ll find:
- Mid-range single family homes
- Condos and townhomes at accessible price points
4. Coach Hill
Coach Hill in Southwest Calgary is another neighbourhood often highlighted for lower average home prices while still providing proximity to amenities and parks.
Why consider Coach Hill:
- Close to the city core without the core price tag
- Parks, schools, and shopping within reach
5. Other Budget-Friendly Areas
Other parts of the city where buyers might find more affordable housing include Taradale and Rocky Ridge, communities that have featured in “most affordable” listings in Calgary.
These areas often include:
- Smaller detached homes
- Affordable condos and townhouses
- Options for first-time buyers and investors
Property Types That Tend to Be Cheapest
Across Calgary in 2026, certain property types offer more affordable buying opportunities:
🏢 Apartment Condos
Benchmark prices for apartments in recent reports were lower than detached homes, around $301,200, making condo purchases one of the most affordable real estate options.
🏠 Townhouses and Semi-Detached Homes
Middle-tier housing like townhouses and semi-detached homes often come at a significantly lower price than detached houses while offering more space than condos.
Buying Tips for Affordable Calgary Real Estate
- Look at older established neighbourhoods as they often have lower average prices than newly developed areas.
- Consider condos and townhomes first as entry points if a detached home is out of budget.
- Explore Northeast and Northwest quadrants where prices tend to remain lower per square foot than inner-city core neighbourhoods.
What This Signals for Buyers in 2026
Calgary’s 2026 real estate landscape remains more affordable than many major Canadian cities. With a balanced market, modest price stability, and inventory greater than in past years, first-time buyers and investors can find value in well-priced neighbourhoods across the city.
👉 Read: These 5 Calgary Neighbourhoods Have Homes Selling the Fastest Right Now
References
Calgary. (n.d.). Coach Hill, Calgary neighbourhood information. Retrieved from Wikipedia: https://en.wikipedia.org/wiki/Coach_Hill%2C_Calgary
Calgary Housing Market Report: Feb. 3rd, 2026 Update. (2026). WOWA. https://wowa.ca/calgary-housing-market
Calgary’s Condo Market in 2025: Affordability and Investment Opportunities. (2025). Cedar Glen Living. https://cedarglenliving.com/calgarys-condo-market-in-2025-affordability-and-investment-opportunities/
Where to Find Affordable Homes in Calgary: Best Areas. (2024). RealEstateCalgary-AB.ca. https://realestatecalgary-ab.ca/blogs/where-to-find-affordable-homes-in-calgary-best-areas/
Top 7 Affordable Neighbourhoods in Calgary, AB. (2024). CalgaryHomes.ca. https://calgaryhomes.ca/blog/most-affordable-neighbourhoods-calgary.html
Calgary Housing Market | 2026 Home Prices. (2026). Nesto.ca. https://www.nesto.ca/home-buying/calgary-housing-market-outlook/
Calgary’s 2026 real estate market expected to stabilize report. (2026). Calgary CityNews. https://calgary.citynews.ca/2026/01/21/calgarys-2026-real-estate-market-stabilize-report/
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