Market Trends

The Canyon Meadows real estate market in November 2024 shows mixed performance across different property types. The key trends are:

• Detached Homes: The benchmark price for detached homes rose to $773,800, marking a 12.8% year-over-year (Y/Y) increase. Inventory increased by 8%, with a months-of-supply ratio of 2.68, indicating a balanced market.

• Semi-Detached Homes: The benchmark price for semi-detached homes reached $468,600, reflecting a 14.3% Y/Y increase. However, with zero inventory available, there were no new sales in November.

• Row/Townhouses: Row homes saw a benchmark price of $363,700, up 5.1% Y/Y. The inventory remained stable at 4 units, with a months-of-supply ratio of 3.33.

• Apartments: The apartment market experienced significant growth, with the benchmark price rising 18.5% Y/Y to $214,600. The months of supply increased to 2.67, indicating strong demand.

Overall, the market in Canyon Meadows remains competitive, particularly for detached and apartment properties​.

Property Sales and Inventory

• Total Sales in November: 9 properties, a 40% decrease compared to the previous year.

• New Listings: 18, representing an 80% increase from November 2023.

• Inventory: 30 active listings, marking a 329% increase year-over-year.

• Days on Market: The average property spent 23 days on the market, showing a quick turnaround time for sales​.

Community Features

Canyon Meadows is a sought-after residential neighborhood in Calgary, offering various amenities and strong community appeal:

• Schools: The area is home to several schools, including Dr. E.P. Scarlett High School, Canyon Meadows School, and Robert Warren School, making it a great option for families.

• Shopping & Dining: Residents have access to Southcentre Mall, which offers a variety of retail stores and dining options. Additional convenience shopping is available along Macleod Trail.

• Transportation: The community is well-connected through the Canyon Meadows LRT Station, providing efficient public transit access to downtown Calgary.

• Parks & Recreation: Canyon Meadows backs onto Fish Creek Provincial Park, offering extensive walking trails, cycling paths, and nature experiences.

Canyon Meadows continues to be a strong market for buyers and sellers alike. While sales have slowed, increasing property values and higher listing activity indicate continued demand. The area remains highly desirable due to its top-rated schools, proximity to Fish Creek Park, excellent shopping options, and strong transit connections.

Market Trends by Property Type

1. Detached Homes

   • Benchmark Price: $740,700 (+7.2% year-over-year)

   • Sales: 9 (+80% Y/Y)

   • Inventory: 6 (-50% Y/Y)

   • Months of Supply: 0.75 (tight supply, strong seller’s market)

2. Semi-Detached Homes

   • Benchmark Price: $600,300 (+7.3% Y/Y)

   • Sales: 2 (+100% Y/Y)

   • Inventory: 1 (unchanged Y/Y)

   • Months of Supply: NA (limited sales data)

3. Row Homes

   • Benchmark Price: $413,900 (+12.0% Y/Y)

   • Sales: 0 (-100% Y/Y)

   • Inventory: 4 (+300% Y/Y)

   • Months of Supply: NA (no sales activity)

4. Apartments

   • Benchmark Price: $336,200 (+8.3% Y/Y)

   • Sales: 8 (+14% Y/Y)

   • Inventory: 6 (unchanged Y/Y)

   • Months of Supply: 1.35 (relatively balanced market)

5. Overall Market Performance

   • Total Residential Benchmark Price: $590,500 (+4.7% Y/Y)

   • Sales: 19 (+36% Y/Y)

   • New Listings: 17 (+42% Y/Y)

   • Inventory: 18 (+157% Y/Y)

   • Months of Supply: 0.95 (low inventory, favoring sellers)

Schools and Amenities in Arbour Lake

Arbour Lake is a sought-after community with top-rated schools, including:

• Elementary & Middle Schools: Arbour Lake School, Citadel Park School

• High Schools: Robert Thirsk High School

The community is well-known for its lake access, offering year-round recreation such as swimming, skating, and fishing.

Shopping and Features

• Shopping Centers: Crowfoot Crossing is a major retail hub, providing access to grocery stores, restaurants, and entertainment, including a movie theater.

• Recreation: Arbour Lake's private lake is a key attraction, along with nearby parks and walking trails. The Crowfoot YMCA offers fitness and community programs.

The Coventry Hills real estate market in November 2024 remained active, with steady demand across various property types. While sales volume saw a slight seasonal decline, home prices remained stable due to limited inventory and continued buyer interest.

• Average Sale Price: The average home price in Coventry Hills for November 2024 was $520,000, a slight dip from October but a 4% increase year-over-year.

• Sales Volume: A total of 32 homes were sold in November, reflecting a minor decrease compared to the previous month.

• Days on Market (DOM): Properties in Coventry Hills spent an average of 30 days on the market, slightly faster than the citywide average.

• New Listings: The number of new listings was 25, maintaining a competitive environment for buyers.

Market Trends

• Single-Family Homes: These remained the most in-demand, with steady appreciation and strong competition among buyers.

• Townhomes: Townhouses saw increased interest due to affordability, particularly from first-time buyers.

• Condos: Limited condo options in Coventry Hills led to stable pricing and consistent investor interest.

Community Insights

Schools

Coventry Hills offers access to well-rated schools, including:

• Coventry Hills School (K-4)

• Nose Creek School (5-9)

• Crescent Heights High School (10-12) Proximity to these schools continues to drive family interest in the area.

LRT Station & Transportation

• Road Access: Quick connections to Deerfoot Trail and Stoney Trail make commuting convenient.

Shopping & Amenities

• Country Hills Village Shopping Centre: Offers grocery stores, restaurants, and retail outlets.

• CrossIron Mills: A short drive away, this shopping hub provides additional retail and entertainment options.

• Local Amenities: Nearby gyms, medical centers, and cafes enhance livability.

Community Features

• Parks & Recreation: Coventry Hills Park and nearby Nose Creek Park provide walking trails and green spaces.

• Family-Friendly Environment: A strong sense of community with active resident engagement and local events.

• Future Developments: Ongoing infrastructure improvements are expected to enhance connectivity and services.

West Springs experienced strong real estate activity in November 2024. The total residential benchmark price increased by 4.4% year-over-year (Y/Y), reaching $814,300. The market remained competitive, with 20 sales recorded—a 43% increase Y/Y—and 24 new listings, reflecting a 71% Y/Y rise. Inventory levels doubled compared to the previous year, reaching 40 available properties.

• Detached homes had a benchmark price of $1,072,000, up 13% Y/Y.

• Semi-detached homes were priced at $758,600, reflecting steady growth.

• Row homes and apartments saw moderate price increases, with row homes averaging $516,000 and apartments at $469,600.

• The months of supply stood at 2.00 months, indicating a seller’s market but with slightly increasing inventory.

Overall, demand remains strong, with rising prices across all property types, reflecting West Springs’ ongoing desirability.

Schools & Education

West Springs is well-known for its excellent education options, making it a top choice for families. Some of the top schools in the area include:

• West Springs School (K-4) – Highly rated elementary school.

• West Ridge School (Grades 5-9) – A top-tier middle school.

• Ernest Manning High School – Offers advanced placement programs and excellent university preparation.

• Calgary French & International School – A private bilingual school with strong academics.

These schools contribute to the neighborhood’s appeal for families seeking high-quality education.

Community Features

West Springs offers a blend of suburban charm and urban convenience, making it one of Calgary’s most desirable communities. Notable features include:

• Parks & Green Spaces: Ample walking trails, playgrounds, and green belts provide a perfect setting for outdoor activities.

• Shopping & Dining: Access to West 85th, a popular shopping area with premium grocery stores, boutique shops, and diverse dining options.

• Recreation: Proximity to WinSport, Canada Olympic Park, and various fitness centers make it ideal for sports enthusiasts.

• Connectivity: Quick access to Stoney Trail and Bow Trail, offering a smooth commute to downtown Calgary and beyond.

With its strong housing market, excellent schools, and vibrant amenities, West Springs remains a prime location for buyers and investors.

Market Trends

Detached Homes

• Sales: 12 units (-14% YoY)

• Benchmark Price: $791,100 (+14.4% YoY)

• Inventory: 14 units (+17% YoY)

• Months of Supply: 1.18 months

Detached homes in Tuscany remained a popular choice despite a slight decline in sales. The benchmark price rose significantly, indicating strong demand and limited supply.

Semi-Detached Homes

• Sales: 1 unit (No YoY comparison)

• Benchmark Price: Not available

• Inventory: 1 unit

This segment had minimal activity, reflecting a lack of available semi-detached properties in the community.

Row Homes (Townhouses)

• Sales: 2 units (No change YoY)

• Benchmark Price: $487,800 (+9% YoY)

• Inventory: 3 units (+100% YoY)

• Months of Supply: 1.5 months

Row homes saw stable sales with price appreciation, but the doubling of inventory may create more choices for buyers.

Apartments

• Sales: 1 unit (-67% YoY)

• Benchmark Price: $430,400 (+10% YoY)

• Inventory: 2 units (+100% YoY)

• Months of Supply: 2 months

The apartment market saw a sharp decline in sales but experienced price appreciation. The increased inventory might help balance supply and demand moving forward.

Overall Market Performance

• Total Residential Sales: 16 units (-16% YoY)

• New Listings: 18 (+13% YoY)

• Benchmark Price: $713,100 (+9% YoY)

• Months of Supply: 1.25 months

The Tuscany market remains competitive, with price appreciation across most property types despite a decline in total sales. The inventory increase suggests more options for buyers, but the low months of supply indicate a seller’s market.

LRT Transportation

Tuscany is well-served by the Tuscany LRT Station, providing convenient access to downtown Calgary and other parts of the city. The LRT is a major advantage for commuters, making Tuscany a desirable community for professionals and families seeking efficient public transit options.

Schools in Tuscany

Tuscany offers excellent educational options, including:

• Tuscany School (K-4, CBE) – A public elementary school with strong academic programs.

• Eric Harvie School (K-4, CBE) – Another elementary option with a focus on community-based learning.

• Twelve Mile Coulee School (5-9, CBE) – Serving middle school students in Tuscany.

• St. Basil Catholic School (K-9, CCSD) – A Catholic school option providing K-9 education.

These schools make Tuscany a highly sought-after neighborhood for families with school-aged children.

Community Features

Tuscany is known for its family-friendly environment and excellent amenities, including:

• Tuscany Club – A private community center with recreation facilities, including a gymnasium, splash park, skating rink, and events.

• Parks & Green Spaces – The neighborhood features extensive walking trails, playgrounds, and access to natural areas like Twelve Mile Coulee.

• Shopping & Services – Tuscany Market provides grocery stores, coffee shops, and essential services, while Crowfoot Crossing is a short drive away for additional retail options.

• Outdoor Recreation – The community is close to the Bow River, Nose Hill Park, and offers easy access to the Rocky Mountains.

Market Trends

1. Single-Family Homes:

   • The demand for single-family homes remained strong, with a moderate price appreciation driven by limited inventory and steady buyer interest.

   • Average home prices saw a year-over-year increase, reflecting Silverado’s desirability among families and long-term residents.

   • Newer developments and modern renovations contributed to higher listing prices, especially for 3–5-bedroom homes with upgraded amenities.

2. Townhomes:

   • The townhome segment experienced stable growth, making it a preferred choice for first-time buyers and downsizers.

   • Competitive pricing and low-maintenance living attracted more interest, keeping townhome sales consistent throughout the month.

   • Increased investor activity also influenced this market, as townhomes continue to be high-demand rental properties.

3. Condos & Apartments:

   • The condo market remained affordable and steady, appealing to young professionals and investors.

   • Rental rates continued to rise, making condo ownership an attractive investment opportunity.

   • New construction projects and updated amenities in older complexes helped maintain buyer interest.

4. Luxury & Estate Homes:

   • The luxury segment saw a slight slowdown in transactions, mainly due to higher interest rates.

   • Buyers in this category were more selective, prioritizing custom features, larger lot sizes, and premium locations.

   • Despite fewer sales, luxury home prices remained stable due to the limited availability of high-end properties in Silverado.

Community Features & Lifestyle

• Parks & Green Spaces: Silverado continues to offer beautiful parks, walking trails, and open green spaces, making it a family-friendly community.

• Proximity to Amenities: Convenient access to shopping centers, restaurants, and schools adds to the neighborhood’s appeal.

• Transportation & Connectivity: With easy access to major highways and public transit, Silverado remains well-connected to other parts of the city.

• Community Events: Local activities and events foster a tight-knit and welcoming atmosphere, making it an attractive place to live.

Overall, Silverado’s real estate market in November 2024 remained resilient, with stable growth across most property types. While higher interest rates impacted the luxury segment, demand for single-family homes, townhomes, and condos remained strong, making Silverado a desirable community for both homeowners and investors.

Sales and Market Trends:

• Total residential sales in Mahogany for November 2024 were 30 units, representing a 9% year-over-year decline.

• New residential listings increased to 59 units, a 34% YoY growth.

• Inventory levels climbed to 87 units, marking a 36% YoY increase.

• The months of supply stood at 2.90, indicating a more balanced to buyer-friendly market.

Price Metrics:

• The overall benchmark price for Mahogany residential properties reached $588,700, showing a 3.2% YoY increase.

  • Detached Homes: Average price was $810,000, reflecting a 9.1% YoY increase.

  • Semi-Detached Homes: Benchmark price at $570,500, up by 5.4% YoY.

  • Row Houses: Price climbed to $487,500, marking a 5.4% YoY increase.

  • Apartments: Average price rose to $365,500, with a 5.4% YoY increase.

Sales-to-New-Listings Ratio (S/NL):

• The S/NL ratio for November 2024 was 0.51, signaling an oversupply relative to demand and leaning towards a buyer's market.

Market Observations:

• While sales showed a slight decline, new listings and inventory experienced significant growth, providing more options for buyers.

• Detached homes remain the most resilient segment in price growth, maintaining a strong appeal.

• Apartments and row houses also recorded steady price increases, reflecting sustained demand across diverse property types.

This summary showcases a shifting market in Mahogany, with increased inventory offering buyers more choices and slightly moderating sales activity.

Market Performance

McKenzie Lake’s real estate market in November 2024 demonstrated strong activity, with slight price increases in certain categories:

• Total residential benchmark price: $709,500, reflecting a 5.7% year-over-year (Y/Y) increase.

• Sales activity: 13 homes sold, marking an 8% Y/Y increase.

• Inventory levels: 10 active listings, down 23% Y/Y, with 1.30 months of supply.

• Average days on market (DOM): Homes averaged 23 days on the market before selling.

Housing Types

• Detached homes: The benchmark price for detached homes is $725,000, with 6 homes sold and inventory levels continuing to remain low.

• Semi-detached homes: The benchmark price for semi-detached homes is $681,115, with moderate demand.

• Row and apartment homes: Limited activity in row and apartment categories with just a few units sold.

Community Features

McKenzie Lake is well-known for its natural beauty and outdoor recreational opportunities:

1. Lake Sports and Recreation:

   • The community is built around McKenzie Lake, offering residents a variety of water sports throughout the year, including boating, fishing, and swimming in the summer months.

   • In winter, the lake freezes over, providing a perfect setting for ice skating and hockey.

2. Active Outdoor Lifestyle:

   • McKenzie Lake features pathways, green spaces, and outdoor areas designed for active living, making it an ideal environment for families and outdoor enthusiasts.

3. Family-Oriented Amenities:

   • The community offers several parks, a community center, and excellent local schools, fostering a family-friendly atmosphere.

McKenzie Lake continues to attract buyers seeking an active, family-friendly lifestyle with unparalleled access to outdoor lake sports and community-driven amenities. Its stable market conditions and robust property demand make it a highly desirable area for investment and long-term living.

Sales and Market Trends:

• Total residential sales for Auburn Bay stood at 34, maintaining consistency with the previous year 

• New residential listings increased to 33, marking a 22% YoY growth.

• Inventory levels rose significantly to 48 units, reflecting a 78% YoY increase.

• Months of supply for November was 1.41, slightly higher compared to last year, indicating a balanced market leaning towards a buyer's trend.

Price Metrics:

• The overall benchmark price for residential properties reached $630,900, representing a 2.0% YoY increase.

  • Detached Homes: Average price at $804,300, unchanged from last year.

  • Semi-Detached Homes: Average price rose to $521,900 (12.5% YoY increase).

  • Row Houses: Slight price increase to $461,400 (7.3% YoY increase).

  • Apartments: Reached $373,800, reflecting a 6.0% YoY increase.

Sales-to-New-Listings Ratio (S/NL):

• The S/NL ratio for November was 1.03, maintaining a balanced market dynamic.

Market Observations:

• The detached and row housing segments retained steady sales volume with no significant year-over-year change.

• Apartments showed a decline in sales but maintained stability in inventory levels.

• Semi-detached homes experienced a notable sales surge (200% YoY increase) with inventory also showing growth.

This overview highlights a stable yet slightly cooling market as increased inventory provides buyers with more options while prices continue to trend upwards in key segments.

Contact us for a Free Home Evaluation.

For latest community market report, SIGNUP HERE.

Market Performance

In November 2024, Rangeview exhibited a mix of growth and stabilization within its real estate market:

• Total residential benchmark price: $695,000, showing a 10.3% decline year-over-year (Y/Y).

• Sales activity: A total of 7 units were sold, reflecting a significant 600% increase compared to November 2023.

• Inventory: 24 active listings, marking a 200% increase Y/Y, with 3.43 months of supply.

• Average days on market (DOM): Properties took an average of 62 days to sell.

Housing Types

• Detached homes: Represented strong activity with 4 sales (+300% Y/Y), a benchmark price of $755,000, and an inventory of 18 units.

• Semi-detached homes: Recorded 3 sales, with a benchmark price of $695,000 and inventory levels maintaining a balanced market.

Community Features

Rangeview is known for its unique blend of suburban charm and sustainable living:

1. Agricultural-Inspired Design: The community emphasizes garden-to-table living, featuring community gardens and green spaces designed for sustainable practices.

2. Recreation and Amenities: Residents enjoy access to outdoor recreational areas, parks, and pathways, making it ideal for active families.

Rangeview’s focus on sustainability, combined with improving market conditions, makes it a desirable neighborhood for environmentally conscious buyers and families looking for modern living with community-centric values.

Market Performance

In November 2024, Seton demonstrated notable growth in its real estate market:

• Total residential benchmark price: $474,400, reflecting a 5.7% year-over-year (Y/Y) increase.

• Sales activity: 22 units were sold, marking a 22% rise compared to the same period last year.

• Inventory levels: 80 active listings were available, a 74% increase Y/Y, contributing to 3.64 months of supply.

• Average days on market (DOM): Properties were listed for an average of 30 days before selling.

Housing Types

• Detached homes: Benchmark price was $762,300, with 5 sales recorded (+25% Y/Y).

• Semi-detached homes: A limited inventory, with just 1 sale in November.

• Row homes: Experienced robust activity with 11 sales (+138% Y/Y) and a benchmark price of $465,700.

• Apartments: Benchmark price stood at $385,300, with 5 units sold (-58% Y/Y).

Community Highlights

Seton is celebrated for its thriving amenities and modern urban design:

1. Shopping and Retail:

   • The Seton Urban District includes major retail hubs, restaurants, and entertainment options, making it a vibrant center for residents.

2. Healthcare Facilities:

   • Home to the South Health Campus, a state-of-the-art hospital providing comprehensive medical services, enhancing the community's appeal for families and professionals.

This dynamic combination of competitive pricing, rising sales, and exceptional local features positions Seton as an attractive destination for buyers and investors alike.

In November 2024, the Varsity real estate market experienced strong sales growth, with 22 total residential sales, a 57% increase year-over-year. However, new listings declined by 60%, reducing available inventory. This led to a months of supply increase to 1.73, indicating a more balanced market than previous months.

The benchmark price for total residential properties stood at $561,600, reflecting a 1.0% annual increase.

Market Trends

• Detached Homes: The benchmark price for detached homes was $913,000, with seven sales recorded, a 17% year-over-year increase. Inventory remained stable at eight listings, while months of supply remained tight.

• Semi-Detached Homes: One semi-detached home sold in November, with no active inventory reported.

• Row/Townhouses: The benchmark price for row homes reached $515,500, reflecting a 6.5% annual increase. Five sales were recorded, a 150% increase from the previous year, highlighting strong demand for this property type.

• Apartments: Apartment sales grew by 50% year-over-year, with nine transactions recorded. The benchmark price for apartments reached $282,400, a 1.0% increase.

Community Features & Transportation

Varsity remains one of the most sought-after communities in Calgary due to its proximity to key amenities:

• Schools: Varsity is home to top-ranked schools, including Marion Carson School, F.E. Osborne School, and Sir Winston Churchill High School, making it a preferred choice for families.

• LRT Access & Transportation: The community is well-served by Brentwood LRT Station, providing convenient access to downtown Calgary and the University of Calgary. Public transit is widely available, and major roads such as Crowchild Trail and Shaganappi Trail offer easy commuting options.

• Shopping & Recreation: Varsity is close to Market Mall, Northland Shopping Centre, and the University District, offering diverse shopping, dining, and entertainment options. Outdoor enthusiasts enjoy Bowmont Park and the Silver Springs Golf Course.

• Health & Wellness: The Alberta Children's Hospital and Foothills Medical Centre are nearby, making Varsity a prime location for healthcare professionals and families.