In a new report, Sotheby's International Realty Canada said Calgary solidified its position as a leader in top-tier real estate in the third quarter of this year.Calgary's luxury home market is booming, according to a new report from Sotheby's International Realty Canada.
In September, 156 properties sold for more than $1 million, an increase of 15 per cent from the same month last year. Two sold for more than $4 million. In the previous September, no homes sold for that much. "The whole market is a spectrum, and as we move along, the spectrum of activity in one area impacts another," Kottick said.
This 942-square-foot home in Calgary's Richmond neighbourhood is listed on realtor.ca for $1,049,000. Some estate communities in the northwest don't have close proximity to downtown, but they're near the University of Calgary, parks and hospitals, which make them desirable in their own way, he said.