Found this quote interesting from an article that I didn't find all that interesting.
Quote:
According to the Calgary Real Estate Board, in 2000, there were only 12 properties reported as sold in Calgary for over one million dollars.
The latest figures by CREB indicate how far the luxury home market has increased in the past decade.
In April alone, 29 single-family homes in Calgary sold for more than one million dollars. There were no condominiums that sold at that price point.
Read more: http://www.calgaryherald.com/busines...#ixzz0nSC1NLvz
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The article was more about CIR Realty growing rather than the quote.
Found it interesting. I don't really think it indicates the luxury home market has grown by the percentage the number indicates. As there's plenty of homes that sell (or did sell) for $1.0 million or more that aren't all that exciting or luxurious.