Red Deer vs Calgary home prices, the difference might surprise you. As someone who grew up in Red Deer, I know the best neighbourhoods: Waskasoo, Woodlea, Parkvale, Old Morrisroe, Sunnybrook and more — where big yards, mature trees and well-built homes are the norm. The average Red Deer home is $419,800 vs $659,342 in Calgary. That's over $239,000 in savings. If you work from home, Red Deer is worth a serious look.