Luxury Property Sales of Single Family Homes in Calgary at the end of May going back until 2005
Year # of Sales over $1,000,000
2007 208 Thought to be the Top of the Market
2008 ` 179
2009 94 The bottom of the Market
Interesting statistics for Calgary’s Luxury Market
These sales only account for sales through the Calgary Real Estate Board and do not include New Home builds, Condos or Country residential Properties.
In the darkest hour of the beginning of 2009 when everyone thought the sky was falling Calgary still outperformed 2005 Luxury Home Sale numbers.
The number of Luxury Homes sold in the beginning of 2007 was thought to be unduplicatable. The Luxury home sales moving forward are about to be affected by the new CMHC Mortgage Rules. Canada Mortgage & Housing will cease to put mortgage insurance on $1,000,000 plus properties beginning soon.
If you are thinking to buy a Luxury Home with a large mortgage soon please get in touch with us right away. We can still get you into a Luxury home with a minimum down payment
Rod Forsythe // Managing Partner // The Forsythe Group
Keller Williams Premiere Realty // Calgary Ab. Canada
403.777.1040 // Website www.RodForsythe.com
#1 Agent for Keller Williams in Alberta since 2010