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.

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

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?