Calgary's million dollar market continues to post positive numbers

Calgary's luxury housing market remained among the top performers in all of Canada through the first half of 2014.

Propelled by a thriving economy, high average incomes and an influx of new Calgarians, sales of homes priced at $1 million or more increased by 18 per cent through the first six months of 2014, according to CREB®'s annual mid-year forecast update.

Mid-year forecast calling for more supply, added choices

Mario DeMarco thought he was prepared for anything after deciding to become a first-time homeowner.

The 25-year-old Calgarian has spent the past two years saving for a down payment, and was recently promoted at work, giving him the financial stability to purchase his own place – ideally a condo in the Beltline.

Today Calgary Economic Development and Calgary Chamber held a Business Recovery Task Force Commemoration sharing stories from local businesses impacted by 2013 flooding.

Also released at the event was an Emergency Business Contact Database to help facilitate communication and collaboration between the Calgary Emergency Management Agency (CEMA) and the business community during emergencies such as natural disasters.

The City released the 2014 Civic Census results yesterday. Mayor Naheed Nenshi announced Calgary had its biggest year of growth ever increasing by 38,508 residents to 1,195,194 total.

Here's a few of the things the mayor had to say about the census:

"Calgary experienced this year, its greatest single year of growth in population, as a matter of fact in my time in this job we have experienced three of our four largest years of population growth."