Calgary House Prices Continue to Climb in 2014
Calgary’s housing market continues to be the hottest in Canada, which itself weathered the economic downturn better than most, and has come out of it with record growth. Calgary is coming off a record-breaking 2013 in which its luxury real estate market was the hottest in Canada according to a Sotheby’s International Realty Canada report.
Sales of luxury homes valued at $1 million or more soared 33% to 722, easily outpacing Toronto and Vancouver, whose luxury home sales increased 12% and 19% respectively. Montreal meanwhile actually saw a decrease of 8% in luxury home sales. Sales of ultra-luxury homes valued at $4 million or more also jumped in Calgary from 2 to 7.
"Rising international immigration…