MoneySense recently came up with a list of the Calgary's top communities positioned for price growth when the Economy rebounds. MoneySense looked for growth communities that would offer the most value over 1-year and 5-year periods. Most of the neighbourhoods were in the Southwest and the lack of Northwest communities (Bowness and Montgomery to name just a couple) is fairly surprising.
1. Glenbrook, $591,083
Considered a rock solid community, Glenbrook featuring mostly well-kept single-family homes. It's in a great location, not too far from downtown, and MoneySense expects a very good short-term price appreciation of 17.9% and a 45.6% increase in the next five years.
2. Rosscarrock, $596,823
With easy access to downtown and a good, fairly central location, Rosscarrock real estate is a good buy right now as it is expected to appreciate some 55.4% in the 5 years, and some 13.3% over the next year. Rosscarrock is the community that's south of Bow Trail and north of 17 Ave., between 45 and 33 St. SW. It features both vintage homes and new, upscale houses.
3. Kingsland, $526,096
Cracking the Top 3 is Kingsland, which is west of Macleod Tr., and south Glenmore Trail. The community gets an A value grade, and it's expected the Kingsland real estate value will go up 13.6% in the next year, and 41.8% over five years. Kingsland is among the best-priced communities in the Top 10.
4. Westgate, $586, 254
Coming in at No. 4, and the fourth-straight Southwest Community, is Westgate, which is situated on the east side of Sarcee Tr., south of Bow Trail SW. Westgate real estate is expected to appreciate some 13% within a year, and 43.2% over the next five years. It's a good community that's not too far from downtown.
5. Glamorgan, $578,492
Glamorgan is an older Southwest community that's south of Richmond Rd., between 37 St. and Sarcee Trail, north of Glenmore Tr. SW. In the short-term, Glamorgan homes are pegged to go up 17.6% in the next year, and up 32.1% in five years. Glamorgan's current value grade is a B.
6. Walden, $503,120
The only Southeast community to crack Moneysense's Top-10, Waldenis located west of Macleod Trail, and south of the Chaparral community. The one-year appreciation for homes in Walden is an estimated 14.3%. Over five years, the appreciation may reach 54.2%. Walden has the lowest average home price among the Top-10 communities.
7. Rutland Park, $653,982
The Rutland Park community in Calgary is located in the Southwest quadrant, south of Richmond Rd. and immediately east of 37 St. Rutland Park is pegged to appreciate by 51.6% over the next five years. The one-year appreciation value is 14.1%.
8. Coach Hill, $659,047
Yes, another Southwestern Calgary community. Coach Hill is located west of Sarcee Tr. off Bow Trail, and it has an amazing estimated 5-year price appreciation of 45.3%. The 1-year appreciation is pegged at a tidy 14.5%. Like Lakeview, Coach Hill gets a value grade of D.
9. Lakeview, $625,527
Another Southwest community, Lakeview homes are pricier than some the previous neighbourhoods on the list, but houses there also have a predicted 5-year appreciation of 38.8%, and a 1-year appreciation of 10.2%. Lakeview does, however, get a bad value grade of D.
10. Woodbine, $520,826
Located in Southwest Calgary, Woodbine has Fish Creek Park as its southern border, with 37 St. bordering to the west. MoneySense gave Woodbine an A grade for the value of real estate in the community. The five-year appreciation for Woodbine is listed at 23.7%, with the 1-year appreciation pegged at 15.2%
Ryan MacDonald, B.Sc. Real Estate Professional
Million Dollar Club Member
Top 1% Real Estate Professional in Calgary
O: 403.278.2900; F: 403.592.8008