Luxury home sales in Calgary on the rise
Posted Apr 26, 2010 7:07 am.
This article is more than 5 years old.
It’s being touted as more proof that the recession is over.
A new RE/MAX upper end market trends report shows the keys to more luxury homes changed hands in the first quarter of 2010, compared to the same period a year ago.
“For sale” signs in Calgary were posted in front of 67 homes worth a million dollars or more in the first quarter of 2010. That’s up 91 per cent from the same 3 months in 2009.
Michael Polzler with RE/MAX tells 660News while the figures are not as impressive as they were back during Calgary’s housing boom before the financial meltdown, they still show the economy is turning around.
The greater Vancouver and greater Toronto regions posted the biggest increases.
The sales of luxury homes in Edmonton are also up, but the price of an upper end home in the Alberta capital is anything over $850,000.
