Inside Calgary's 5 most expensive homes for sale right now (July 2025)
The board says 2,286 homes changed hands last month, with declines recorded across all property types year-over-year.
CREB chief economist Ann-Marie Lurie says sales decreases come as supply has improved across rental, resale and new home markets, allowing for more choice as inventory returned to levels reported in 2021 before a population surge.
There were 4,223 new listings on the market last month, up 11.2 per cent from a year earlier, as the city's inventory reached 6,941 homes for sale — an 83.2 per cent increase.
Lurie says additional choice in the market — combined with stagnant lending rates, persistent uncertainty and concerns of price adjustments — is keeping many potential buyers on the sidelines, which 'is weighing on home prices, especially for apartment and row style homes.'
The residential benchmark price was $586,200 last month, marking a 3.6 per cent decrease from June 2024 levels.
Dreaming of owning a lavish new home?
Here are the city's five most expensive already-constructed residential homes for sale as of July 2, 2025, according to Realtor.ca:
$13.5M mansion on Crescent Road
Calgary home - 732 Crescent Road N.W.
Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue)
Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city's northwest.
The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths.
Calgary home - 732 Crescent Road N.W. - living room
Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue)
The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city's downtown skyline.
The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland.
Calgary home - 732 Crescent Road N.W. - library
Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue)
The 2.5-storey home is located at 732 Crescent Road N.W.
It has been listed on Realtor.ca for 47 days.
$7.25M Eagle Ridge bungalow
40 Eagle Ridge Place S.W.
A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. (Realtor.ca)
This gated home in Eagle Ridge sits on a sprawling double lot.
Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms.
'Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,' states the listing.
40 Eagle Ridge Place
A look at 40 Eagle Ridge Place S.W. in Calgary. (Realtor.ca)
'The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.'
The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances.
'Whether you're hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.'
40 Eagle Ridge Place S.W.
A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. (Realtor.ca)
The bungalow is located at 40 Eagle Ridge Pl. S.W.
It has been listed on Realtor.ca for 273 days.
$6.9 M historical mansion in Upper Mount Royal
930 Prospect Avenue S.W. - 6
930 Prospect Avenue S.W. in Calgary. (Realtor.ca)
This historic mansion, known as the 'Burns Residence,' is in Upper Mount Royal.
The 5,298-square-foot home was built in 1912 and originally owned by Alfred Price, a superintendent with the Canadian Pacific Railway.
930 Prospect Avenue S.W. - 2
930 Prospect Avenue S.W. in Calgary. (Realtor.ca)
Aside from serving as the home for several notable and influential Calgarians, the residence sits on a sprawling half-acre lot surrounded by mature trees and lush landscaping.
The three-storey home has five bedrooms, six full bathrooms and three half-baths.
930 Prospect Avenue S.W. - 8
930 Prospect Avenue S.W. in Calgary. (Realtor.ca)
One of the mansion's biggest draws may be the pool; it's situated near a glass cabana that can serve as a bar area or greenhouse.
The home is located at 930 Prospect Ave. S.W.
It has been listed on Realtor.ca for 22 days.
$6.5M mansion in Upper Mount Royal
1118 Premier Way SW
A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes)
This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths).
The fully furnished home is 5,098 square feet and, according to the listing on Realtor.ca, offers 'the ultimate blend of family functionality and elevated entertaining.'
1118 Premier Way SW
A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes)
'From the moment you step inside, you're greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,' states the listing.
'Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living's Best Home of the Year in 2022.'
1118 Premier Way SW
A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes)
The two-storey home is located at 1118 Premier Way S.W.
It has been listed on Realtor.ca for 47 days.
$6M Upper Mount Royal mansion
2906 Marquette Street S.W.
A look at 2906 Marquette Street S.W. in Calgary, Alta. (Realtor.ca)
Built in 2009, this Upper Mount Royal mansion features a swim-in-place lap pool with an underwater treadmill, an elevator, a heated driveway and a theatre.
The home, described by the listing as private and secure, overlooks Cartier Park.
'This exceptional residence seamlessly combines style and sophistication and luxurious amenities,' states the listing.
2906 Marquette Street S.W. - 3
A look at 2906 Marquette Street SW in Calgary, Alta. (Realtor.ca)
'The welcoming front entrance leads to a dramatic free-standing staircase, ascending to the main floor's spacious living room, boasting sweeping views and a double-sided gas fireplace shared with a cozy family room.'
The home is 5,289 square feet with four bedrooms and six bathrooms.
The garage has room for five cars and includes a rotating platform and a Tesla electric charger.
2906 Marquette Street S.W. - 4
A look at 2906 Marquette Street SW in Calgary, Alta. (Realtor.ca)
Not only is the driveway heated, but so are the front stairs and the walkway.
The three-storey home is located at 2906 Marquette Street S.W.
It has been listed on Realtor.ca for 23 days.
- With files from The Canadian Press
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