Last Updated on October 28, 2024 by CREW Editorial
Calgary and its surrounding areas provide excellent, diverse options for first-time homebuyers, each offering unique features that appeal to different needs and preferences. With competitive property prices, growing infrastructure, and a variety of housing types, these neighbourhoods hold great potential for first-time buyers. Finding a good Calgary realtor, such as the Jesse Davies Team, provides a significant advantage for inexperienced buyers for their journey.
First-time homebuyers must consider various factors beyond just affordability, including long-term financial planning, maintenance needs, lifestyle fit, and future growth potential. Choosing the right property type – whether a condo, townhouse, or detached home – depends on lifestyle needs and long-term plans. Location is critical, not only for proximity to amenities but for potential property appreciation in growing communities. Buyers should also consider resale value, energy efficiency, and whether the home offers future flexibility for growing families or changing jobs and lifestyles.
Calgary’s Housing Market Overall: A Snapshot
Calgary’s real estate market is growing, with average home prices increasing by 13.2% annually, bringing the average to $621,943. Detached homes have seen a 12.3% year-over-year increase, with an average price of $820,000, while semi-detached homes now average $673,000, marking an 11.9% rise. Townhouses, often a popular choice for first-time buyers, have risen by 11.5%, with an average price of $468,000. For those entering the market through even more affordable options, condo apartments average $348,000 after a 10.1% increase.
Jesse Davies, leader of the Jesse Davies Team with Century 21, comments, “Calgarians who are debating whether or not to make the leap to becoming first-time homeowners should consider these rising prices, as it may be worthwhile to enter the market before home values increase more. The good news for potential new homeowners is that they don’t need to be discouraged by prices, as there are many affordable options.”
As a Certified Condo Specialist, Davies further notes that “Condos offer a very affordable entry into homeownership, but for those who prefer, different property types and various neighbourhoods ensure all budgets can be met.”
Evanston: Family-Friendly Living with Room to Grow
Evanston, in Calgary’s northwest, offers a suburban and family-oriented lifestyle. What makes Evanston particularly appealing for first-time buyers is its balance between affordability and long-term value. As a newer community, Evanston is still under development, meaning property values have room to grow, providing first-time buyers with the opportunity to build equity in the coming years.
According to WOWA, average benchmark prices of homes in Calgary’s northwest quadrant are often lower than the city average, giving first-time buyers a financial edge in neighbourhoods like Evanston. Additionally, the community is well-known for its parks, playgrounds, and proximity to shopping centers such as Creekside Shopping Centre, which hosts essential services like grocery stores, healthcare, and restaurants.
In addition, Evanston’s location close to major roads like Stoney Trail and Shaganappi Trail makes commuting straightforward, allowing residents to conveniently access various parts of Calgary without needing to relocate if they change jobs or work locations over time. With a mix of affordable homes, strong community amenities, and good transport connections, Evanston is an excellent investment for those entering the housing market.
McKenzie Towne: Walkable Community with Small-Town Charm
McKenzie Towne in southeast Calgary offers a master-planned, walkable community that is perfect for first-time homebuyers. It was named one of the top 26 master-planned communities in the world. The neighbourhood’s design focuses on creating a sense of community, with its own town square (High Street) offering shopping, dining, and services within walking distance. For first-time buyers, this accessibility can reduce the need for a car, saving on transportation costs and improving quality of life.
McKenzie Towne has a good selection of both townhouses and detached homes, for affordability without sacrificing location or community amenities.
“The community features a small-town atmosphere, with a number of schools and daycares for young families. Easy access to Calgary’s downtown via Deerfoot Trail or the South Health Campus also makes it attractive for professionals,” according to Davies.
Cranston: Affordable Nature-Loving Neighborhood
Cranston, located in Calgary’s southeast, is perfect for first-time homebuyers who are drawn to nature and outdoor living, while also needing affordability. This neighbourhood offers stunning views of the Bow River and direct access to Fish Creek Provincial Park.
Davies notes, “Not only does this make for a better quality of living, but it ensures new homebuyers are likely to remain satisfied with their home for a long time, reducing the need to ‘upgrade’. Additionally, properties near natural amenities tend to have higher long-term value appreciation, making Cranston a great investment.”
Cranston offers a mix of affordable housing options, including single-family homes, condos, and townhomes, which allows first-time buyers to choose homes based on their budget. The area’s median home price is generally below the city average, with condos and townhomes being particularly affordable. Condos start at around $250,000, while townhomes can be found for roughly $350,000. The presence of Cranston Market, which includes grocery stores and essential services, adds further appeal to the area for new buyers.
Additionally, Cranston’s ongoing development, particularly in its Riverstone area, ensures that more homes will become available, keeping housing prices competitive while offering modern, well-designed properties.
The Cranston Residents Association offers community events, recreational activities, and exclusive parks, giving young families and new homeowners a built-in sense of community.
Seton: A Modern, Urban Community for Millennials
Seton is one of Calgary’s newest urban districts, designed as a self-contained neighbourhood with a focus on mixed-use spaces, healthcare, and educational facilities. For first-time buyers, particularly millennials, Seton offers the opportunity to buy into a rapidly growing community at affordable prices while enjoying urban amenities typically reserved for downtown areas.
What makes Seton unique is its status as a comprehensive urban district, meaning residents have access to the South Health Campus, a future LRT station, and a growing retail and dining scene—all within walking distance. According to BILD Calgary, Seton is one of the fastest-growing neighbourhoods, and is incredibly well-connected.
First-time homebuyers will find a range of property types, from budget-friendly condos to larger family homes, often priced lower than properties closer to the city center. With a modern, eco-friendly design and an emphasis on walkability, Seton offers convenience and sustainability.
Airdrie: Small-Town Affordability and Growing Popularity
Just 30 minutes north of Calgary, Airdrie offers first-time homebuyers a chance to purchase larger properties for less. The city has become a go-to destination for families and professionals who want a quieter lifestyle while still enjoying easy access to Calgary; daily commutes for work are manageable.
The average price is $553,300, below the Calgary average, with a strong trend of appreciating in value. Additionally, Airdrie offers diverse housing options, including townhomes, condos, and detached homes for flexibility to meet a buyer’s needs and budget.
There are many recreational activities for young professionals and families, including an extensive pathway system, several public parks, and the Genesis Place recreation center. The city’s expanding infrastructure, including new schools, recreation centers, and commercial developments is adding to both the appeal of this area and the security of property values.
Airdrie has seen a consistent influx of new residents, with the population growing by over 18.5% since 2019, coupled with employment growth of 17%.
Mahogany: Lakeside Living
Mahogany is Calgary’s premier lakeside community, offering resort-style living in the southeast quadrant. While it is known for its luxury homes, Mahogany also offers affordable options like condos and townhomes, making it accessible to first-time homebuyers who want lakeside living without a high price.
Mahogany stands out for its unique amenities, including two large lakes, beaches, and over 22 km of walking paths. While its lakeside lifestyle is its major attraction, its appeal is enhanced by the Mahogany Homeowners Association, which organizes year-round events to foster a strong community.
Mahogany is also located near major roads like Stoney Trail and Deerfoot Trail, giving residents quick access to downtown Calgary and other parts of the city. Its proximity to the South Health Campus and various retail and dining options adds further convenience, making it one of the most well-rounded communities for first-time buyers seeking both luxury and affordability. Mahogany’s continued development, which includes plans for a new high school and expanded commercial areas, means that buyers are purchasing in a neighbourhood with long-term growth potential.
Davies adds, “Lakeside communities tend to hold their value well, and Mahogany’s master-planned design further ensures long-term desirability.”
Beltline: Calgary’s Vibrant Urban Hub
For first-time buyers looking for an urban lifestyle, Calgary’s Beltline neighbourhood offers a mix of affordability and city living. While prices in Beltline are higher than some other areas in Calgary, they are still relatively affordable compared to downtown areas in other major cities.
The Beltline is one of Calgary’s most walkable neighbourhoods, with easy access to public transportation and many restaurants, shops, and other attractions. Young professionals who want to be close to work and entertainment will find this area ideal. Additionally, the Beltline is home to a growing number of new condo developments, which are more affordable than detached homes and offer a low-maintenance lifestyle perfect for first-time buyers. It is also close to key landmarks such as the Calgary Stampede grounds, ensuring long-term demand.
Cochrane: Scenic Views and Small-Town Vibes
Cochrane, located 20 minutes west of Calgary, is known for its scenic mountain views and small-town charm. First-time homebuyers who prioritize space, nature, and affordability will find Cochrane to be an excellent choice. According to the Town of Cochrane’s development plans, the city is set to continue growing, with numerous new housing developments underway.
With new schools, shopping centers, and community facilities being developed, Cochrane is evolving into a well-rounded community that can offer first-time buyers both lifestyle and investment potential. The town’s proximity to both Calgary and the Rocky Mountains makes it a great location for outdoor enthusiasts who want access to skiing, hiking, and other activities. Cochrane’s small-town appeal is enhanced by its historic downtown with locally-owned shops and restaurants.
Homes in Cochrane are generally priced lower than those in Calgary, with an average price of $578,600, and typically provide more square footage and space for the investment.
Redstone: Sustainability and Green Spaces in the Northeast
Redstone is a growing community in Calgary’s northeast with plenty of housing options for first-time homebuyers. Designed with affordability and sustainability in mind, Redstone offers energy-efficient homes and is known for its ample green spaces, parks, and pathways. First-time buyers can find affordable townhomes and single-family homes to enjoy modern, environmentally friendly living.
Support for First-Time Home Purchases
Working with a top Calgary realtor like Jesse Davies can make a significant difference for first-time homebuyers, who often need extra support. His expertise helps buyers find homes that not only fit their budget but align with their lifestyle and long-term goals. With his knowledge of Calgary’s diverse neighbourhoods and property values, Jesse ensures his clients make smart investments in homes that will grow with them and hold their value over time, making homeownership both attainable and rewarding.
