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Calgary Real Estate Market

Tools and forecasts to keep you on top of the latest trends in the Calgary real estate market.

Found 32 blog entries about Calgary Real Estate Market.

2011 Distribution of Calgary Luxury Property Sales

Where Do Calgary's Wealthy buy Homes?

 Distribution of Calgary Real Estate Luxury Sales - November 2011

Where do Calgarian's with high net-worth buy property in the city? Overwhelmingly it seems in Southwest Calgary Neighbourhoods:

  • two-thirds (68%) of Calgary luxury sales are in SW Calgary
  • one-quarter (24%) of Calgary luxury sales are in NW Calgary
  • one-tenth (9%) of Calgary luxury sales are in SE Calgary
  • Notably, there have been no million dollar+ sales in NE Calgary year-to-date

There have been 417 "million dollar+ sales" year to date in metro Calgary. This number represents the highest percentage of luxury sales to total metro sales recorded in any of the past 5 years:

  • 2011: 417 luxury sales out of a total 16,922 metro sales = 2.46% *year-to-date*
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Calgary Property Assessments: Fact or Fiction?

Calgary Property Assessment According to the 2010 Calgary property assessments the city mailed out January 4th, Calgary property values dropped by 13% from the previous year.

Clients often call me this time of year questioning their property assessment. The city's assessment process confuses many property owners, who often believe their Calgary home or condo is worth far more or less than the posted assessed values.

Let's be clear about one thing: city property assessments have no relationship to the current market value of Calgary property. The 2010 annual property assessments reflect the estimated market value of property as of July 1, 2009 and include any physical changes that have occurred up to December 31, 2009. The

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