Those older, central neighbourhoods offer smaller lots and homes needing more updating than a newer suburb, which is exactly why the entry price tends to be lower, and City Park's mix of older houses and low-rise apartment blocks adds another genuine entry-level option close to downtown.
Newer suburbs can occasionally undercut an older neighbourhood too, particularly a townhouse or condo in a still-developing area like Stonebridge or Evergreen, where density brings the per-unit price down even though the neighbourhood as a whole trends upward.
The most affordable option for you depends on whether you are comparing detached homes, condos or a mix, not just neighbourhood names. Get your hand-reviewed valuation from Joel Dyck.