High-end housing sales growing in Calgary
Posted Jul 23, 2012 10:15 pm.
This article is more than 5 years old.
A new national real estate report shows a number of major Canadian cities including Calgary are showing steady growth this year in high-end home sales.
In Calgary, the first half of 2012 showed a 19 per cent increase in sales and a dramatic 91 per cent spike in the volume of properties on the market.
Listings for homes worth over a million dollars have jumped from 474 properties at this time last year to 908 this year.
Corinne Poffenroth, a real estate agent with Sotheby’s International Realty Canada, said Calgary’s high end real estate market is mainly being fueled by baby boomers moving back into the city from their long time family homes in the suburbs.
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