When Mark Evernden goes to list his own west-end home next month, it will be priced at less than what he bought it for a decade ago.

"I paid $1.3 million, and I know the replacement value if I was building today would be $1.8 million," said the private office advisor and licensed partner with Engel & Volkers Calgary, who has been selling in Calgary's luxury market for more than a decade.