Calgary Luxury Housing Market

Luxury homes for sale in Calgary, Alberta, come in many shapes and sizes. Over the years, our city’s high-end residential market has exploded with new product, particularly in the infill category with rapid redevelopment of inner city communities. Today, you’ll find many luxury homes in neighbourhoods like Altadore, Britannia, Bridgeland, Crescent Heights, Roxboro, Rideau Park, Upper Mount Royal, and other similar areas. The location of these communities has created a high demand from urban professionals and their families looking to live, work, and play near the City Centre.

Additionally, ultra-private acreage estates have surged in appeal. In areas like Bearspaw, Elbow Valley, Heritage Pointe, Harmony, Springbank, Rocky View County and Foothills County, you’ll find many luxurious Calgary-area mansions on sprawling acreage lots. These ultra-private residences provide homeowners with a luxurious lifestyle with lots of land and, in many instances, panoramic foothill and mountain views.

Furthermore, a surge in newer, ultra-luxurious condominiums like The Concord, The River, and The VIEWS are offering buyers a new kind of luxury living across the city, particularly in the downtown and Beltline areas, but also in some suburban communities like Cougar Ridge.

What is Considered a Luxury Home in Calgary?

Features: Luxury real estate in Calgary is almost always characterized by attributes such as custom designed architecture, expansive living space, large lot sizes, exceptional privacy, and spectacular views to name a few. It’s not rare to find an indoor swimming pool, several bedrooms, or a mini movie theatre in the most luxurious Calgary residences.

Price: Typically, luxury properties in the CMA are priced from the $1 million+ range, although today you can still find high-end condos, infills, and suburban homes in the $800,000 to $900,000 range across the city. The most expensive homes in Calgary have sold for nearly $20 million in the past (in Pump Hill), while the most expensive high-end rural properties have sold for much more than that. The most expensive condo listing in our city’s recent history is at The Princeton in Eau Claire for $9.5 million.

History: Another important characteristic of Calgary luxury real estate is history; in some communities like Upper Mount Royal, for example, many homes were built in the early 1900s by wealthy Americans who brought with them their architecture which today has contributed in transcending the neighbourhood into being one of the most sought-after amongst high-end homebuyers.

Benefits of Luxury Real Estate in Calgary

Buying a luxury home for sale in Calgary, Alberta, comes with many benefits, some of which can be overlooked by even the most discerning buyers. These include:

#1 – Privacy

High-end homebuyers often seek more privacy for themselves and families. This is where luxury properties do well; they typically have mature vegetation blocking views from outside the lot, are on expansive lots with very few neighbours close by, or utilize designs that incorporate the heightened privacy needs into the property itself.

#2 – Enjoyment

Luxury homes in Calgary have special features that allow families to enjoy a heightened lifestyle. Whether that be a basement movie theatre, entertainment room, an elevator for easy access, an indoor swimming pool, chef’s kitchen, or perhaps a private dock on a man-made lake, these are all features you don’t see in the typical home that help nurture family growth and connectivity.

#3 – Family-Oriented

An important aspect of luxury real estate is that these are often homes that accommodate families. Inherent to high-end properties are expansive floorplans that include many bedrooms, bathrooms, kitchens, living rooms, and recreational areas that often help create lasting memories between family members.

Calgary Luxury Real Estate Agents

Planning on selling or buying a luxury home in Calgary? Let our team of professional REALTORS® with RE/MAX House of Real Estate help guide you toward a successful transaction with our deep knowledge, skillset, and experience in the local luxury real estate market.

Contact Cody & Jordan anytime at 403-370-4008 if you have questions or would like us to set up a showing for you! Get a Free Property Valuation for your luxury home in Calgary today!

We are looking forward to helping you accomplish your real estate goals!

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