Calgary Alberta Luxury Real Estate Update For June 2014

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

2005                                                     89

2006                                                     196

2007                                                     208   Thought to be the Top of the Market

2008                       `                             179

2009                                                     94   Thought to be the bottom of the Market

2010                                                     149

2011                                                     195                                                                  

2012                                                     190

2013                                                     318

2014                                                     359


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

Rod Forsythe // Managing Partner // The Forsythe Group

Keller Williams Premiere Realty // Calgary Ab. Canada
403.777.1040 // Website

#1 Agent for Keller Williams in Alberta since 2010

Author: CalgaryRealEstateAB

In today’s Calgary Real Estate market, your choice of a Realtor does matter! For success in the current market, experience, passion and attention to detail is critical. If you think we might be a fit for you, please give us a call! 403.777.1040 / The Rod Forsythe Group Real Estate Professionals / Calgary Alberta Canada

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: