The luxury home market in Calgary and area continues to shine in what has turned out to be a record year for sales in the upper-end of residential real estate.
Ann-Marie Lurie, chief economist with the Calgary Real Estate Board, said several favourable economic conditions have been supporting a strong luxury home market in Calgary and area this year.
“There’s more activity in the inner-city. A lot of those sales are actually occurring in the inner-city,” she said. “And a lot of them are single-family homes.”
“Overall it does point to people and what they feel is going to happen in Calgary in the long term. There’s some confidence of what’s happening in the Calgary market,” said Lurie. “That’s supporting that growth as well.”
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