Calgary condos defy downturn to hit record selling price

While overall sales of homes in Calgary have been sliding and impacting prices, there are some exceptions. Sotheby’s International Canada recently sold a unit in the city for $8.4 million, a three-year record for a condo in the market.

A unit in the same development – The River – sold for $5.2 million the Canadian Press reports, but the two apartments have bucked the trend which has seen no sales of condos over $2.5 million in June this year compared to 4 in 2015.
 

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