Where in Calgary is the best place to buy real estate
8/15/2024 10:36am
The best place to buy real estate in Calgary depends on your specific needs and budget. However, based on the latest data, here are some top options to consider:
1. **Patterson**
- **Location**: Patterson is a neighborhood in Calgary.
- **Price**: The benchmark price in 2023 was $552,006.
- **Growth**: The 1-year growth rate was -8%, but the 3-year and 5-year growth rates were 30% and 12%, respectively.
- **Value, Economics, Accessibility, and Children**: This neighborhood scored high in these categories, with a value of 2.8, economics of 5.0, accessibility of 2.3, and a high percentage of households with children (53%).
2. **Coach Hill**
- **Location**: Coach Hill is another neighborhood in Calgary.
- **Price**: The benchmark price in 2023 was $539,644.
- **Growth**: The 1-year growth rate was 6%, with a 3-year growth rate of 3% and a 5-year growth rate of 5%.
- **Value, Economics, Accessibility, and Children**: Similar to Patterson, Coach Hill also scored high in value, economics, accessibility, and children percentage.
3. **Cougar Ridge**
- **Location**: Cougar Ridge is a neighborhood in Calgary.
- **Price**: The benchmark price in 2023 was $626,914.
- **Growth**: The 1-year growth rate was -3%, with a 3-year growth rate of 16% and a 5-year growth rate of 9%.
- **Value, Economics, Accessibility, and Children**: This neighborhood also performed well in value, economics, accessibility, and children percentage.
These neighborhoods are not only centrally located but also offer a mix of housing types and a strong growth potential. Patterson and Coach Hill are particularly attractive due to their high growth rates over the past five years and strong economic and family-friendly characteristics. Cougar Ridge, on the other hand, has a slightly higher benchmark price but still offers good growth and desirable amenities.