Calgary Luxury Home Sales Break July Record

It was a year ago this month that the government implemented stricter mortgage rules including requiring a minimum 20% downpayment for properties priced at $1 million and over.

Calgary’s luxury segment has been impervious to the rule change with sales records regularly being broken since then.

Between July 1- 29, 64 homes have sold for $1M and over breaking the previous July record of 61 sales back in 2007.

High-end sales are already up 64% from last July’s month-end and there are still a couple days to go in the month.

The all-time monthly record was set in May with 83 luxury sales (Total has been adjusted: previously was 84)

For a full luxury home market recap for the month of July, please check back in a few days.

Calgary Luxury Home Sale - July 2013

One response to “Calgary Luxury Home Sales Break July Record

  1. Pingback: September 1-21, 2013 Calgary Real Estate Market Update | Calgary Real Estate Review

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s