Calgary communities
Buying in The Deep South
Legacy, Walden, Silverado and Evergreen — where most Calgary first-time buyers actually end up.
Mostly 2000s-and-newer product: detached, duplex, townhouse and a growing volume of apartment condo, much of it under new-home warranty.
- First-time buyers
- Young families
- New builds
- Value
Legacy, Walden, Silverado, Yorkville, Belmont, Evergreen, Bridlewood and Shawnessy make up the deep south — the part of Calgary that has absorbed the largest share of first-time buyers over the last decade.
The pitch is straightforward: a newer home with a garage and a yard, at a price that still works on one or two ordinary Calgary incomes, with the ring road and Macleod Trail for the commute and Shawnessy or Township for shopping.
A high proportion of purchases here are directly from a builder, which is a different transaction from buying resale.
Financing a home in The Deep South
New-build financing is its own discipline. Closing dates can be nine to eighteen months out, and standard rate holds run 90 to 120 days — so a rate you were quoted at contract signing may not be the rate you get at possession unless the deal is structured for it. Builder deposits, progress-draw versus completion mortgages, new-home warranty documentation and the lender’s appraisal of a home that does not yet exist all need handling up front. Get advice before you sign the builder contract, not when the builder asks for financing confirmation.
Ask me about The Deep SouthQuestions about The Deep South
What kind of homes are in The Deep South?
Mostly 2000s-and-newer product: detached, duplex, townhouse and a growing volume of apartment condo, much of it under new-home warranty.
Who does The Deep South suit?
The Deep South tends to suit first-time buyers, young families, new builds, value. Legacy, Walden, Silverado and Evergreen — where most Calgary first-time buyers actually end up.
Is there anything unusual about getting a mortgage in The Deep South?
New-build financing is its own discipline. Closing dates can be nine to eighteen months out, and standard rate holds run 90 to 120 days — so a rate you were quoted at contract signing may not be the rate you get at possession unless the deal is structured for it. Builder deposits, progress-draw versus completion mortgages, new-home warranty documentation and the lender’s appraisal of a home that does not yet exist all need handling up front. Get advice before you sign the builder contract, not when the builder asks for financing confirmation.