Calgary luxury home market heating up
Sales this year on track to beating 2007 record
CBC News
Posted: Jul 24, 2012 5:47 PM MT
Last Updated: Jul 25, 2012 6:58 AM MT
Calgary’s housing market has been heating up in the last year and now, the luxury market is joining the trend.
High-end properties peaked in 2007 with more than $458 million in homes selling that year.
And there’s a good chance the city will surpass that number this year considering 300 homes sold in the first six months.
Dennis Plintz, a city realtor, said the city's oil and gas economy, low interest rates, and an accessible inner city market are some of the factors driving the demand.
“It does feel that our group is getting back up to the craziness that we saw in 2006-2007," Plintz said.
He said many luxury homes have specific features that make the property sell quickly. He gave the example of a solar-powered home in Belair.
"A lot of that comes from pent up demand,” Plintz said. “There's certain buyers that know exactly what they want, in the exact community they want — that usually moves pretty quick."
Share Tools
Latest Calgary News Headlines
- Stampeders' Jon Cornish motivated by Grey Cup loss
- Star Canadian running back Jon Cornish wants to work on his pass routes this season but his coach will be smiling if he just continues doing what he did last year. more »
- Rain, snow in K-Country prompts rescue of Edmonton school campers
- A group of wet and cold school kids and their adult supervisors from Edmonton had to be rescued from Kananaskis Country on Wednesday night. more »
- 1st-degree murder charge laid in 2012 Calgary killing
- Police have charged a man with first-degree murder in connection with a killing outside a southwest Calgary strip mall one year ago. more »
- Calgary teen found dead had been in provincial care
- CBC News has confirmed that a teen who was found dead in his parents' northwest Calgary home had once been in the care of social services in British Columbia. more »
Must Watch
Top News Headlines
- 2nd suspect in Tim Bosma murder case to plead not guilty
- The lawyer for Mark Smich says the Oakville, Ont., resident will plead not guilty to first-degree murder in the death of Tim Bosma, the Hamilton man who disappeared earlier this month after taking two men on a test drive of his truck. Smich was charged today, after Dellen Millard of Toronto was also charged with first-degree murder. more »
- 2 more arrests linked to hacking death of British soldier
- WARNING: This story contains graphic content. Two more people have been arrested by officers investigating the hacking death of a U.K. soldier in London, say British police. more »
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- Toronto Mayor Rob Ford fires chief of staff
- Toronto Mayor Rob Ford has parted ways with his chief of staff, the latest development in a tumultuous week at city hall where the pressure is growing for the mayor to comment on crack cocaine allegations raised by two media outlets. more »
- Calgary teen found dead had been in provincial care
- Alberta's pest list includes 60 critters
- Northwest Calgary park set for overhaul
- Busy parking spots in Calgary may soon cost more
- Animals rescued from shelter in SPCA probe
- Liam, Emma, most popular names for Alberta babies
- Lindale fire doubles in size within hours
- S.E. Calgary man missing since February
- Danielle Smith slams Redford at Calgary leader's dinner

