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Strong luxury market in Calgary and Alberta

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The luxury market is still hot, particularly in Alberta with Calgary leading in sales growth. The economic outlook for Calgary has a lot of optimism. Calgary’s sales gains in the luxury residential resale market ↑ 40% yearly. Experts believe Calgary’s GDP will ↑ 6.6% in 2022, surpassing the Canadian avg of ~ 4.1%. Single-family detached homes sales in the $1M-plus range in Calgary ↑ 36% yearly, while attached and condos ↑ 85% and ↑ 89%.

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