Calgary's Luxury Neighbourhoods Surpass $1 Million in Mid-Q2 2026
What are the latest trends in Calgary's luxury real estate market? In Mid-Q2 2026, all five of Calgary’s most expensive neighbourhoods recorded median sold prices exceeding $1 million, highlighting a concentrated high-end tier in the local market. Elbow Park emerged as the leader with a remarkable median sold price of $2.97 million, establishing it as the highest-priced neighbourhood in Calgary. Upper Mount Royal followed closely with a median sold price of $2.51 million, ensuring that Calgary’s premium neighbourhoods maintain a strong presence above the $2 million mark. Kelvin Grove, Springbank Hill, and Altadore rounded out the top five, each showcasing median sold prices ranging from approximately $1.22 million to $1.39 million in the same period. These rankings were based on neighbourhoods with at least five sales, providing a consistent comparison of active luxury areas through median sold price activity.
Understanding these trends in Calgary's luxury market can help potential buyers and sellers make informed decisions about pricing and property investments in these sought-after communities.
For expert insights on the Calgary real estate market, connect with Hong Wang, REALTOR® at Golden Keys Realty.