June 22, 2012 | Cody Stuart
With confidence in Calgary's real estate market growing by the week, the city's luxury market is no exception.
Year-to-date, 242 Calgary homes priced at $1 million or more have been sold, compared to 195 during the same period last year. Those numbers come during a time that saw MLS® sales in the city increase by 123 per cent, rising from 1,068 in January to 2,385 in May.
During the month of May alone, 81 homes priced $1 million or more were sold, setting a new all-time monthly record for the city. The previous high came in July of 2007, when 61 homes priced $1 million changed hands.