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Calgary's Luxury Home Market is currently on a strong upward trend, fueled by local and out-of-province buyers. With price appreciation, increasing demand in prestigious neighborhoods, and a growing shift toward larger properties with modern amenities, the market appears healthy, though subject to economic fluctuations. The continued strength of the city’s energy sector will play a pivotal role in maintaining momentum in the luxury segment.
Buyers’ Profile:
Local Affluent Buyers: Many luxury buyers are Calgarians or individuals relocating from within Alberta. There is also significant interest from people coming from Ontario, British Columbia, and international markets.
High Net-Worth Individuals: Calgary has seen an increase in wealth, particularly in oil and gas, technology, and entrepreneurship, which has been driving demand in the luxury market.
Mainly in prestigious Neighbourhoods such as Upper Mount Royal have seen significant demand, with properties ranging from $5 million to nearly $9 million, reflecting the area's status as a cornerstone of Calgary's Luxury market.
Calgary's rapid population growth, fuelled by migration from other provinces, has increased demand for luxury properties, particularly High-end neighbourhoods like Elbow Park, Mount Royal & Aspen Woods.
Calgary has outpaced other major Canadian Cities in Luxury Real Estate growth, with a 15% year-over-year increase in sales of homes priced over $1 million between July & August 2024. (Creb)
High-density supply impacts apartment condominium prices Calgary, Alberta, July 2, 2026– June sales in Calgary improved over May, reaching 2,197 units. Despite the monthly gains, sales ...
Sales in June continued to ease compared with last year, contributing to a year-to-date decline of 14 per cent. New listings also eased this month, but with a steeper pullback in sales, ...
Row June saw a pullback in both sales and new listings activity, causing the sales-to-new-listings ratio to rise to 55 per cent. This prevented any further gains in inventory levels, ...
Easing sales in June did not offset earlier gains, as year-to-date sales of 569 units were slightly higher than last year’s levels. Meanwhile, new listings also eased, keeping the sales-to-new-listing ...
With 89 new listings and 70 sales in June, the sales-to-new-listings ratio rose to 79 per cent, preventing any further monthly gains in inventory levels. Inventory has improved compared ...
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Find out what your current home is worth in today's market.

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