Sotheby’s International Realty Canada released its Year End Top Tier Real Estate Report in January, showing Calgary was the only large market in the nation to show sales growth in 2022 over 2021.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The Greater Toronto Area sales for homes $4 million and over fell 24 per cent to 611 homes in 2022. Ultra-luxury homes also dropped by 29 per cent to 22 sales. The report notes most markets saw robust sales for luxury early in 2022 with activity falling significantly in the second half, including Calgary’s, which decreased 13 per cent from July to December over the same span in 2021.