Photo: Michael Muraz/Flickr
It’s no secret that the Calgary market is ascending to new heights: home prices broke records in December and led other Canadian cities in luxury home sales for 2013, according to Sotheby’s International Realty Canada’s Top-Tier Real Estate Report.
The Sotheby’s report also looked into sales of different property types valued at $1 million or more, so we turned to condos to see whether the high-end trend was playing itself out in the city’s high-rises as well.
The somewhat unsurprising answer? Yes. Here’s how luxury condo sales in Cowtown compare to the other cities studied in the report:
- Calgary condos priced at $1 million or more saw a 44 per cent bump in sales from 2012 and 2013, though keep in mind the totals weren’t terribly high: sales rose from 25 to 36 (Tweet this).
- The GTA market remained relatively stable, seeing a 1.12 per cent rise in sales in 2013 (Tweet this).
- There was a small drop off in million-dollar-plus condos in Vancouver: the city saw 354 sales in 2012 and 342 in 2013 for a 3.39 per cent decline (Tweet this).
- Montreal’s luxury condo market was hit hardest, with the 2013 tally coming to 56, down 8.2 per cent from 2012 (Tweet this).
For more details about the luxury condo sales in Canada, check out the table below: