The real estate market in Calgary is exploding but some neighbourhoods are more affordable than others, offering the cheapest condos in the city.
Many people have been turning to condos as the more affordable option to own in the city but even those prices have been skyrocketing. Daily Hive reached out to the digital real estate platform Wahi, which crunched the numbers for us and found the most affordable neighbourhoods in Calgary for condos in the past seven months. The list doesn’t include neighbourhoods with fewer than five sales over the period.
These neighbourhoods in Calgary are home to the cheapest condos in the city and their median sold price, starting with Rosscarrock at the top of the list:
- Rosscarrock — $182,000
- Bowness — $186,000
- Forest Lawn — $190,000
- Greenview — $201,250
- Erin Woods — $223,000
- Braeside — $225,000
- Capitol Hill — $227,500
- Penbrooke Meadows — $233,750
- Bankview — $235,500
- Coach Hill — $237,450
Almost every neighbourhood has seen an increase in prices since 2023, with the exception of Bowness and Coach Hill. Bowness condos have dropped in price by 7.35% since last year, while the University District dipped slightly by 1.02%.
The community that saw the biggest increase was Penbrooke Meadows, where median sold prices have risen by a whopping 46.09% in the past year.