Calgary’s real estate market hasn’t been the hottest for quite some time, and in the luxury end of things it’s been quite stagnant for over a decade. Looking at the luxury condo market in Calgary we saw that sales of more than $1,000,000 CAD fell a whopping 65 percent.
To put it bluntly, that’s only six condos sold over that $1M price tag in all of 2019 which is a bit surprising given how hot condo markets all over the country have been. Certain economists and brokers though remain optimistic that growth will come gradually over the next decade.
Luxury Residence 