Luxury Home Sales in Calgary on the Rise
According to a new report summarized by the Calgary Herald, luxury home sales in Calgary have increased year-over-year, suggesting that the city’s luxury home market overall is stabilizing.
At the close of January of this year, luxury home sales spiked 10.3% year-over-year compared to the previous year, and the median home price also jumped 3.2% to $2,012,676.
The upward trend is certainly encouraging for a number of reasons but especially significant given the high-end home market originally started to tumble all the way back in 2015 with the downturn of global oil prices.
It’s worth noting, however, that the luxury market still hasn’t recovered to pre-recession levels, even with this latest surge.