’s high-end home sales have been slowing, Canmore
has seen the sale of 26 homes priced at at least $1 million up to Aug. 16, which is only two away from the total for the same period last year.
Chezlene Kocian and Kyle Pressman of MaxWell South Star Realty told the Calgary Herald
that many of the buyers are locals moving up to more expensive homes.
“The purchasers we are seeing are majority Alberta based, although with the ongoing strengthening of the U.S. dollar, we are hoping to see a resurgence of American buyers as we’d previously experienced when the exchange rates were similar in 2003-2004.”
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Canfield, St-Pierre-Jolys, West Branch, Saint-Jean-de-Brébeuf, Eckville
Realtors in Canmore, Alberta, say that sales of luxury homes are holding up despite the oil downturn.