Aspen Woods Housing Market Statistics

Aspen Woods is a prestigious residential neighbourhood located in the southwest quadrant of Calgary, Alberta. The community is situated west of 69th Street SW, between Bow Trail and 17th Avenue SW, offering stunning views of the Rocky Mountains to the west. The neighbourhood was established in 2001 on land annexed to the City of Calgary in 1956.

Quadrant: Southwest

Ward: Ward 6

Councillor: Richard Pootmans

Established: 2001

Land Area: 3.8 square kilometres

Elevation: 1,230 metres

Aspen Woods is known for its luxurious acreage-style properties, mountain-inspired architecture, gated sub-enclaves like Aspen Estates West, stunning mountain views, and proximity to top-rated private schools. The community offers a perfect blend of natural beauty and urban convenience.

Key Links: City of Calgary Website | View on Google Maps

Current Market Overview (March 2026): Aspen Woods is consistently ranked as one of Calgary's most expensive neighbourhoods, with median sold prices exceeding $1 million.

Market Statistics (March 2026):

• Median sold price: $1,094,000
• Ranked #3 most expensive neighbourhood in Calgary
• Homes sell quickly — average 23 days on market (fastest among top 5 expensive neighbourhoods)
• Over 700 luxury million-dollar-plus sales in the past decade

Population (2012 census): 5,271 residents in 2,281 dwellings

Household Income (2000): Median household income $89,939 — no low-income residents recorded

Rental Market: Average rent approximately $2,395 per month, offering high rental yields and long-term appreciation potential

Top 5 Most Expensive Neighbourhoods in Calgary (March 2026):

• Altadore: $1,172,444
• Richmond: $1,098,750
• Aspen Woods: $1,094,000
• Discovery Ridge: $1,078,000
• Hamptons: $1,044,000

Search Current Listings: Realtor.ca | Zolo Aspen Woods Listings

Aspen Woods consists mostly of acreages and single-family detached homes, offering some of the largest residential lots in Calgary. The community is known for its mountain-inspired architecture and gated sub-enclaves.

Housing Types Available:

• Acreage-style estates: Expansive properties with large lots (0.25 acres+)
• Single-family luxury homes: Custom-built executive homes with 4-6 bedrooms
• Gated communities: Aspen Estates West and other exclusive enclaves
• Mountain-inspired architecture: Homes designed to complement the natural surroundings

Home Builders Serving Aspen Woods:

• Carisbrooke Homes Ltd.: A boutique builder specializing in custom homes with prestige and attention to detail. Their goal is to build homes that "stand the rigors of time while also being functional and modern." Services include custom home construction, home additions, basement remodeling, and sustainable design. (403) 852-8875. Areas served include Aspen Woods, Mount Royal, Signal Hill, and more.

Rental Market: 12.5% of housing is used for renting, offering opportunities for luxury rental investments.

Aspen Woods is renowned for its exceptional educational options, including a new middle school under construction and proximity to some of Calgary's top private schools.

Public Schools (Calgary Board of Education):

• Aspen Woods Middle School (Grades 5-9) – Coming 2029-2030: This new school project received design approval on March 14, 2025, with community engagement completed in January 2026. The school will have a student capacity of 925 and is currently in the initial design stage with Alberta Infrastructure.

Nearby Public Schools: Students in Aspen Woods currently attend designated schools in neighbouring communities including Dr. Roberta Bondar School (K-4), Vincent Massey School (K-6), and other southwest Calgary options.

Private Schools (Nearby):

• Renert School: Located in nearby Cougar Ridge, offering innovative K-12 education
• Calgary Academy: Prestigious private school in the West Springs area
• Webb Academy: Private school nearby

New School Announcement: In March 2025, the provincial government announced design funding for a new CBE Grade 5-9 school in Aspen Woods as part of a province-wide 18-new-school initiative.

School Board Links: Calgary Board of Education | Calgary Catholic School District

Aspen Woods is ideally situated near some of Calgary's most beautiful natural areas, offering residents endless opportunities for outdoor recreation.

Weaselhead Flats Natural Environment Park: Located between North and South Glenmore Parks, this natural escape within city limits offers:

• Diverse trails through forested areas, wetlands, and shorelines
• Asn outdoores of wildlife including ducks, Canadian geese, and other species
• Stunning fall colours reflected in nearby waters
• A true opportunity to disconnect from city life while staying within Calgary

North Glenmore Park: Located just east of Aspen Woods, this expansive park offers:

• Paved pathways for walking, running, and cycling
• Waterpark and bike pump track
• Sailing club on the Glenmore Reservoir
• Picnic areas with ample parking
• Fresh air and comfortable environment for family activities

Edworthy Park: Located northeast along the Bow River, offering riverfront hiking trails and the historic Lawrey Gardens.

Mountain Views: Aspen Woods' elevated position offers stunning views of the Rocky Mountains to the west — a defining feature of the neighbourhood's character.

One of Aspen Woods' greatest advantages is its proximity to the Rocky Mountains, making it an ideal location for outdoor enthusiasts.

Drive Times to Mountain Destinations:

• To Calgary city limits (west): Approximately 10 minutes
• To Highway 1 (Trans-Canada Highway): Approximately 10-15 minutes via Bow Trail
• To Bragg Creek: Approximately 30 minutes
• To Canmore: Approximately 1 hour
• To Banff: Approximately 1 hour 15 minutes

Weekend Adventures: Aspen Woods residents enjoy easy access to:

• World-class skiing at Sunshine Village, Lake Louise, and Nakiska
• Hiking in Kananaskis Country
• Camping in the Rocky Mountain foothills
• Mountain biking on world-renowned trails
• Golf at mountain courses

Being able to see the mountains from your neighbourhood and reach them within an hour is a luxury that Aspen Woods offers daily.

Aspen Woods offers excellent transportation options with easy access to major roadways, public transit, and the LRT system.

Major Roads:

• Bow Trail: Primary east-west route connecting directly to downtown Calgary
• 17th Avenue SW: Alternative route to downtown
• 69th Street SW: North-south connector to Glenmore Trail and Stoney Trail
• Stoney Trail (Highway 201): Calgary's ring road providing access to all quadrants

Commute Times:

• To downtown Calgary: Approximately 15 to 20 minutes
• To Calgary International Airport: Approximately 30 to 35 minutes
• To Westside Recreation Centre: Approximately 5 to 10 minutes
• To Mount Royal University: Approximately 15 minutes

Public Transit & LRT:

• 69 Street CTrain Station (West LRT Line 202): Located approximately 42 minutes walk from Aspen Woods; many residents drive to the station or connect via bus
• Bus Routes: 156 (Aspen Woods), 98 (Cougar Ridge), and 111 serve the community
• Nearest bus stop: Eb Aspen Hills Dr @ Aspen Hills Wy SW (1 minute walk)
• First train departs 69 St Station at 4:24 AM; last train at 1:39 AM
• First bus departs at 4:47 AM; last bus at 11:30 PM

Transit Link: Calgary Transit

Aspen Woods residents enjoy convenient access to premium shopping, dining, and everyday amenities in nearby West Springs, Signal Hill, and Westhills.

Nearby Shopping Centres (5-10 minutes):

• Westhills Towne Centre: Major shopping centre with Real Canadian Superstore, Walmart, Shoppers Drug Mart, Winners, restaurants, and numerous retailers
• Signal Hill Centre: Sobeys, Canadian Tire, Home Depot, Starbucks, and more
• West Springs Square: Local shops, cafes, and professional services
• Cougar Ridge Plaza: Grocery, pharmacy, and dining options

Dining Options: The Westhills and Signal Hill areas feature a variety of restaurants including chain favourites and local independent options.

Nearby Amenities:

• Westside Recreation Centre: Full-service recreation facility with pools, arenas, and fitness centre — approximately 5-10 minutes north
• Calgary Public Library – Signal Hill: Convenient library branch

Aspen Woods residents have access to excellent healthcare services in nearby communities, with major hospitals within 15-25 minutes.

Within 10 minutes:

• Medical clinics and family physicians in Westhills, Signal Hill, and West Springs
• Dental offices and dental clinics
• Pharmacies including Shoppers Drug Mart, London Drugs, and grocery store pharmacies
• Walk-in clinics for urgent but non-emergency care

Nearby Hospitals (15-25 minutes):

• Foothills Medical Centre: Major trauma centre and specialized care — approximately 15 minutes east
• Alberta Children's Hospital: Pediatric specialty care — approximately 15 minutes
• Rockyview General Hospital: Full-service hospital — approximately 20 minutes

Healthcare Link: Alberta Health Services

Aspen Woods is an affluent, family-oriented community with a demographic profile that reflects its luxury status and appeal to executives, professionals, and families.

Demographic Data:

• Population (2012 census): 5,271 residents in 2,281 dwellings
• Population growth: 17.9% increase from 2011 to 2012
• Population density: 1,387 residents per square kilometre
• Median household income (2000): $89,939
• Low-income residents: 0%
• Immigrants: 11.5% of residents (as of 2000)
• Rental properties: 12.5% of housing
• Rising home values: median sold price $1,094,000 (March 2026)

Community Character:

• Quiet streets — minimal traffic noise
• Established, family-oriented atmosphere
• Stunning mountain views from many properties
• Strong sense of community with active resident involvement
• Popular with out-of-province buyers, especially from British Columbia and Ontario

Aspen Woods vs. West Springs (immediately north):

• Both are luxury communities in southwest Calgary with similar mountain views
• Aspen Woods offers larger lots and more acreage-style properties
• West Springs has more townhomes and higher-density options
• Aspen Woods consistently commands higher home prices (top 3 in Calgary vs. West Springs top 10)
• Both offer excellent access to similar amenities and schools

Aspen Woods vs. Signal Hill (east):

• Signal Hill is more established (built 1990s) with smaller lots and older housing stock
• Aspen Woods offers newer luxury homes (2001+) with larger lots and acreage options
• Signal Hill has more commercial amenities within walking distance
• Aspen Woods offers superior mountain views due to its western elevation

Aspen Woods vs. Springbank (west of city limits):

• Springbank is a rural county area with acreage properties (1+ acres), not within Calgary city limits
• Aspen Woods offers luxury living within Calgary with city services but larger lots than typical suburbs
• Aspen Woods has better access to transit, schools, and amenities
• Springbank offers more land and privacy but requires longer commutes and lacks city services

Aspen Woods Unique Advantages:

• Largest residential lots in Calgary (acreage-style within city limits)
• Third most expensive neighbourhood in Calgary — proven prestige and value
• Stunning mountain views from many properties — a defining feature
• Access to Aspen Woods Middle School (Grades 5-9) opening 2029-2030
• Gated communities (Aspen Estates West) offering enhanced security and privacy
• Proximity to Weaselhead Flats and North Glenmore Park — natural beauty within the city
• Fastest home sales among top 5 expensive neighbourhoods — strong demand (23 days on market)
• Easy mountain access — approximately 1 hour to Canmore/Banff

Aspen Woods features several exclusive gated sub-enclaves that offer enhanced privacy, security, and prestige. These communities are among the most sought-after addresses in Calgary.

Aspen Estates West: The premier gated community within Aspen Woods, featuring:

• Private gated entrance with controlled access
• Expansive acreage-style lots (typically 0.25 to 0.5+ acres)
• Custom-built luxury homes with mountain-inspired architecture
• Stunning unobstructed mountain views from many properties
• Quiet, private streets with minimal traffic
• Established mature landscaping and tree-lined boulevards

Other Exclusive Enclaves: Additional gated or semi-private sections within Aspen Woods offer similar luxury living with varying lot sizes and price points.

Why Choose a Gated Community:

• Enhanced security and privacy
• Exclusive atmosphere with like-minded neighbours
• Preserved property values due to limited supply and consistent demand
• Peace and quiet — no through traffic

Homes in Aspen Estates West consistently rank among the most expensive in Calgary, with properties often exceeding $2 million.

Aspen Woods offers exceptional investment potential for buyers seeking luxury real estate with strong appreciation, limited supply, and consistent high demand.

Investment Highlights:

• Prestige location: Consistently ranked among Calgary's top 5 most expensive neighbourhoods — proven long-term value
• Limited supply: Aspen Woods is largely built out — opportunities for new homes are limited to infills and tear-downs, supporting resale values
• Fast sales: Homes sell in an average of just 23 days — faster than any other top-5 expensive neighbourhood
• Over 700 luxury million-dollar-plus sales in the past decade — strong market depth
• Popular with out-of-province buyers from BC and Ontario — sustained demand from outside Calgary
• New school coming: Aspen Woods Middle School (Grades 5-9) opening 2029-2030 with 925 student capacity — major family attraction
• Strong rental yields: Average rent of $2,395 per month with high appreciation potential

Future Growth Catalysts:

• New CBE Grade 5-9 school under construction (opening 2029-2030)
• Continued demand from executive and professional relocations
• Proximity to mountain recreation remains a unique selling point
• Limited land for new development within city boundaries increases scarcity value

Considerations:

• Premium pricing requires significant capital for entry
• Limited new construction — primarily resale market
• Luxury property maintenance costs are higher than average

For buyers seeking a prestigious, established luxury community with proven appreciation, limited inventory, and strong demand from both local and out-of-province buyers, Aspen Woods offers one of Calgary's most resilient real estate investments.