Calgary home listed at $12 million but realtors skeptical

The listing of a $12.25 million luxury home in Calgary has raised a few eyebrows, not least with local realtors.

The home is being sold by Jim Quinn, the president of homebuilder QuinnCorp Communities.

It is the priciest listing in the city since the recession, and realtors are sceptical that the home will sell for the asking price, given that the high-value homes sector has been the hardest hit by the oil downturn.

Rachelle Starnes of Royal LePage Foothills told the Globe and Mail: “The pricing on this $12-million property is very aggressive and it makes Stephen Ames’s property down the street look like a bargain. And we thought that property was aggressively priced as well.”

Golfer Ames’ home was listed last month at $8 million.

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