Hey Calgary friends, I’m a Vancouverite who’s sick of Vancouver so my wife and I are looking to buy and settle down in/near Calgary. We’ve been looking in the very Northwest area (Nolan Hill, Sage Hill, etc) but honestly we’re not super familiar with Calgary so we’re kinda flying blind here.
We’re looking for a place we can own a single family detached home for under 500k, hence why we’ve been drawn to places like Nolan Hill, Sage Hill, and Evanston so far. But perhaps there’s other places we should be looking. I’ve zeroed in on Northwest Calgary for a couple reasons:
1. It seems that most of the more desirable suburbs of Calgary are in the Northwest quadrant. Correct me if I’m wrong on this, I’ve just been googling.
2. Being on the west side of Calgary is closer to my family in BC and the mountains for getaway weekends and whatnot.
Anyway I just wanted to post here to ask for some general advice. Any neighbourhood recommendations? Any neighbourhoods to avoid? One thing to keep in mind is that I work remotely but my wife is 50/50 whether she can work from home or not in her industry. So there is a potential that she’d have to commute to a downtown office, although ideally not.
Welcome to YYC!
As the local official unofficial guide and as someone who's heavily involved in Real Estate you've picked an awesome city to move to.
1) desirable is in the eye of the beholder. You couldn't pay me to leave the inner city, but my best friend is settled in the West-most community in Calgary along Highway 1 and you couldn't pay him to swap with me. Essentially the new suburbs within Calgary are being built along the outside of the ring road; the most desirable of the them are being built, as you correctly said in the NW and the other ones in the very South of the city.
2) With the ring road nearing completion, I'd honestly say anything that's not completely East of it (and again, as others have said, avoid the NE if you have the option or no cultural roots to the area) will have you out of the city fairly quick. For example, coming out of Evanston in the North and the Bridlewood area in the South is an extra 10 minutes to your drive out to Banff.
Here are my personal recommendations:
- I'm not a fan of newly built homes, personally. You are generally paying premium market prices from a developer; more often than not your home has a hard time retaining value in the short term. For example, a personal friend of mine bought a townhouse in Evanston for $329,000 only 5 years ago, when we were looking at market comparables they're now being listed in the $320,000's. After real estate fees, closing fees, you're looking at upwards of $30,000 losses on investment.
- The 'burbs in Calgary generally don't keep up the with the neighbourhoods closer to the city centre in terms of value improvement. For example, when people say 'Calgary real estate is up 7%!' it doesn't mean every neighbourhood is up 7%. It means that some are up 10-20% and some of them are flat or up 1-2% only.
- If you're set on buying a new home/infill, please check the builder and see what people are saying. The last thing you want is the home you purchase as a new build to have all kinds of issues and the builder has a long standing history of being slow on warranty issues. On the infill side, we have a number of builders, and I won't point to their ethnicity or anything because it's not an all-encompassing note, that take A LOT of shortcuts during their builds. You'll walk into the home and be like WOW because it's white, and shiny and has nice appliances, but when you sort of look around you'll see a bunch of questionable choices and shortcuts made throughout the home.
Again, this is 100% up to you. If you want something new, something big, something you need a car to get around with, look at Evanston, Sage, Nolan in the North, Legacy, Walden, Silverado in the South and Rocky Ridge, Tuscany, Valley Ridge, Crestmont, Greenwood/Greenbriar in the West.
I'd suggest expanding your search to places in the West. There are some really, really nice places that you can get in at under $500k with nice sizes, that are more mature neighborhoods, having more services, closer to town if you go in to work, closer to train lines for quick transit into anywhere in Calgary.
This list would be: Strathcona, Signal Hill, Coach Hill, Patterson, Scenic Acres or Silver Springs. They're all NW communities, close to shopping, transit and built from the 1980's-2000's. Established.
Let me know if you ever want to chat more! I'm happy to provide any insight I can!