According to a REMAX report released today, Canada’s luxury real estate market is on an upward trajectory, with most major centres reporting record sales last year.
75% of the markets reported year-over-year gains, and Calgary was one of eight major cities to see double-digit increases, with a 34% increase. Calgary was also among the major cities reporting record luxury home sales last year, and since 2009, luxury home sales here are up 119%.
“Canada’s luxury housing market has undergone serious transformation in recent years, setting a new standard for lifestyles of the rich and famous,” says Gurinder Sandhu, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. “High-end homes are commanding top dollar in blue chip neighbourhoods from coast to coast. Condominiums are hitting price points that rival single-detached homes. The market is maturing and the appetite is unprecedented.”
You can read the full REMAX report here, and to see what luxury homes are available in Calgary, or if you have questions about the market, feel free to contact us; you can also tweet us anytime.
