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Calgary Real Estate by Tost Realty Group

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore ...

Calgary Real Estate buyers revel in condo over-supply

Calgary Condo Sales slow but moving

Calgary condo sales slow but still moving

It doesn’t appear to make sense.

We’re approaching the final quarter of this calendar year and in the world of Calgary Real Estate, there are record numbers of apartment-style condominiums on the market.   Canada Mortgage and Housing says there may be in excess of 2,000 empty units in Calgary. Yet, more brand-new condo buildings continue to be built, especially in the inner city and surprisingly, in the northeast.  All while owners of resale units are watching their days-on-the-market numbers pile up.

While it may appear fool-hardy to build more, even though our economy is slowly picking...