The Best Luxury Homes in Alberta Listed for Under $1 Million

Whether you’re a first-time homebuyer or a longtime homeowner looking for a change of scenery, there’s one province in particular that might make you want to pack your bags.

Although it bears repeating that Canada’s volatile housing market (and the lack of affordable housing) is ongoing, Alberta has been making waves for some of its more accessible luxury homes.

In addition to the east coast, specifically Halifax and Moncton, Alberta is seeing more population growth thanks – in large part – to a campaign targeting skilled workers from Ontario and the Maritimes. And it’s paying off in dividends in the housing market.

So, we’ve rounded up a few recent listings – from Calgary and Lethbridge to Banff and Canmore – that just might inspire you to make a move.

Detached luxury grey brick home in Lethbridge, Alberta

Sotheby's International Realty Canada

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Listing: 1324 20 Avenue S, Lethbridge, AB

Offering plenty of natural light thanks to its multitude of windows and bright white walls, this stunner in the city of Lethbridge is truly a rare find. The bungalow is centrally located in the Park Royal neighbourhood and boasts unobstructed views of the Rocky Mountains and Old Man River Valley. Need we say more?

List price: $749,999

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Gorgeous renovated home in Lethbridge, Alberta with modern white kitchen and light wood floors

Sotheby's International Realty Canada

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Peek Inside 1324 20 Avenue S, Lethbridge, AB

While originally constructed in 1971, you wouldn’t know it thanks to the substantial upgrades that lend this home a sleek, modern feel. Amenities include a gorgeous farmhouse-inspired kitchen, new hardwood flooring and state-of-the-art appliances. With five bedrooms and three full bathrooms, this living space is the perfect fit for a growing family.

Two-level townhouse in Banff that features panoramic views of an alpine meadow

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Listing: 7C Otter Lane, Banff, AB

This impressive two-level townhouse features three bedrooms, three bathrooms and 2,086 square feet of living space. It’s also one of the largest townhouses within the development and features (as a major selling point) panoramic views of an alpine meadow. One of the upstairs bedrooms includes a deck that overlooks a forest.

List price: $975,000

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Peek at the Stunning Vistas of 7C Otter Lane, Banff, AB

Sotheby's International Realty Canada

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Peek at the Stunning Vistas of 7C Otter Lane, Banff, AB

Located on Tunnel Mountain above the historic town of Banff, this property offers access to nature walking trails right at your front doorstep. Those views alone would inspire us to pack up all our belongings.

detached luxury home with beige brick in Calgary, Alberta

Sotheby's International Realty Canada

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Listing: 120 Parkside Crescent SE, Calgary, AB

If you prefer an urban dwelling, Calgary has plenty of modest, affordable homes on the market, including this four-bedroom gem located on a quiet tree-lined street. At 2,002 square feet, it features maple hardwood floors and a spacious living room that brings you closer to nature with its jaw-dropping bay window.

List price: $814,000

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Modern calgary home interior with modern home includes aModern Calgary home interior with custom kitchen, built-in bookcases and a gas fireplace

Sotheby's International Realty Canada

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Peek Inside 120 Parkside Crescent SE, Calgary, AB

Although built in 1974, this modern home includes a stunning custom kitchen, built-in bookcases, a gas fireplace and plenty of other recent upgrades that make it move-in ready. Bonus: it’s just steps away from Fish Creek Provincial Park and offers quick access to downtown Calgary for date nights.

Gorgeous condo building in Canmore with vaulted ceiling and mountain views.

Sotheby's International Realty Canada

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Listing: 304-176 Kananaskis Way, Canmore, AB

If you’re a first-time homebuyer, you might want to start small. Built in 2001, this condo unit is centrally located in Canmore and boasts a vaulted ceiling and stunning views of the surrounding mountains. Listed for less than $500,000, it’s even been installed with brand new appliances (bonus!) and includes underground parking and storage.

List price: $450,000

Take the full tour.

Canmore apartment with vaulted ceiling and mountain views.

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Peek Inside 304-176 Kananaskis Way, Canmore, AB

Thanks to the layout, the listing claims that other similar units have converted the living room into a second bedroom — ideal for friends looking to co-own a space together or as a space to host guests.

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Buying a Home in Alberta

According to the Calgary Herald, the province is on track to outperform the entire Canadian housing market in 2023. And, as CityNews Edmonton reports, Alberta is poised for its biggest population boom since 1914.