Posthaste: Canada’s luxury real estate market keeps smashing records – and the return to the office won’t change that

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\u0027This perfect storm is going to continue for quite some time\u0027

The relentless march of Canada’s luxury real estate market continues to see strength as multi-million dollar home sales smash records.

In Calgary, the real estate scene is beginning to see a rebound on oil and gas price booms and vaccine rollouts, according to the report. Home sales on properties over $1 million saw a 236 per cent jump since 2020, bringing Calgary’s market back to balance.Article content “From what I’m hearing is that a lot of employers are definitely adhering to a lot more flexibility in terms of allowing working from home,” Kottick said, adding that while some employees will prefer a return to the office, he anticipates a balance of work-from-home and commutes to the office.Article content

 

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