Calgary Real Estate Community Reviews
Verified real estate community reviews, ratings & feedback about living in Calgary Alberta
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Luxury Real Estate Markets Across Canada Are Thriving Calgary Calgary’s luxury real estate market has been surprising to many market analysts, mainly because the city is only now beginning to recover from the coronavirus-induced economic downturn. The Albertan city was slow to the real estate party, but now it is reporting significant gains across multiple property categories. When it comes to the luxury residential real estate market, sales of homes worth more than $1 million spiked 119 per cent year-over-year. One luxury condominium valued at $1 million was sold. What is Driving the Luxury Real Estate Market? Despite the country going through a brief but steep recession, how could the luxury real estate market be booming across the Great White North? It is the same reason why the rest of the housing sector has been going through the roof and posting record gains: pent-up savings and high-income Canadians taking advantage of the impressive stock market gains and scooping up these high-end residences. A November 2020 CIBC report discovered that the coronavirus pandemic initiated the biggest cash accumulation in the nation’s history. What better way to employ your capital than by purchasing real estate?
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Calgary Pre-Construction
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