Diamond Valley Communities
Diamond Valley combines the former towns of Black Diamond and Turner Valley, each with their own character, heritage downtown areas, and residential neighbourhoods along the Sheep River.
🟢 Green = new / still selling
What Makes Diamond Valley Special
Sheep River valley. Foothills character. An hour southwest.
Diamond Valley Market Statistics — February 2026 · Source: CREB®
Foothills County data
| Total Residential | |
|---|---|
| Benchmark Price | $674,800 |
| Sales | 69 |
| New Listings | 129 |
| Inventory | 230 |
| Months of Supply | 3.33 |
Data supplied by CREB®. Updated monthly.
Diamond Valley was formed in 2022 by the amalgamation of Black Diamond and Turner Valley — two historic foothills towns in the Sheep River valley about 55 minutes southwest of Calgary. Together they form a community with real character: heritage architecture, an arts scene, independent businesses, and a landscape that rewards every drive. The Sheep River Corridor offers exceptional hiking and cycling, Kananaskis is close, and the mountains are a constant presence on the western horizon.
"Diamond Valley has a personality. It's not trying to grow fast or be something it isn't — it's a real foothills community with history, art, and some of the best scenery in southern Alberta. Buyers who find it tend to fall hard."
Diamond Valley at a Glance
The reasons buyers choose Diamond Valley — and stay.
Diamond Valley has a long-standing arts community — galleries, studios, and creative businesses are woven into the fabric of both former towns. The Sheep River Cultural Centre anchors a genuine cultural scene.
The Sheep River runs through the valley, with the Sheep River Provincial Park offering hiking, cycling, and fishing along a spectacular canyon corridor.
Rolling foothills, big skies, and the Rockies on the horizon. Diamond Valley's landscape is among the most photogenic in the Calgary region.
Both Black Diamond and Turner Valley have historic downtown cores with heritage buildings and an architectural character that newer communities can't replicate.
Detached homes in Diamond Valley offer strong value relative to the lifestyle on offer — prices remain well below comparable Calgary product despite the quality of the setting.
Highway 22 connects Diamond Valley to Calgary's southwest — about 55 minutes to the city. Okotoks is 25 minutes north for closer services.
Kananaskis Country is a short drive west — world-class hiking, skiing at Nakiska, and backcountry access are all within easy reach.
Diamond Valley has a strong sense of place — local events, farmers markets, and an engaged community that maintains what makes the area special.