Close X
Thursday, December 5, 2024
ADVT 
National

$8.4 Million Calgary Condo Sale Bucks Trend, Sets Three-year Price Record

The Canadian Press, 18 Jul, 2016 02:18 PM
  • $8.4 Million Calgary Condo Sale Bucks Trend, Sets Three-year Price Record
CALGARY — A riverfront development in Calgary has bucked the recent downward trend in luxury condominium sales in the city, after selling a unit for $8.4 million.
 
Sotheby's International Realty Canada said Monday that the sale of the 5,000-square-foot condo, along with the $5.2-million sale of a 3,000-square-foot condo in the same building, are the highest prices paid for units in the city for three years.
 
The two condos are part of The River, an upscale real estate development in the city's Mission neighbourhood, where the penthouse suite set an all-time record price for a condo in Calgary after selling for $8.99 million in 2012.
 
The high-end sales are something of an outlier in the city. Condo sales over $700,000 having dropped by more than half so far this year compared with last year, totalling 17 as of the end of June.
 
Of those 17 sales, none had sold for more than $2.5 million, compared with four units that exceeded that sale price by the end of June last year.
 
But overall sales for homes in excess of one-million dollars, including condos and semi-detached and detached houses, have climbed 8.6 per cent this year compared with last year when 317 sold by the end of June.

MORE National ARTICLES

Ottawa Anglican Diocese Defies Synod Vote, Accepts Same-sex Marriage

Ottawa Anglican Diocese Defies Synod Vote, Accepts Same-sex Marriage
TORONTO — Several Anglican bishops said Tuesday that they planned to go ahead with same-sex marriages even though the church's legislative body failed to authorize such unions following a highly charged and divisive debate.

Ottawa Anglican Diocese Defies Synod Vote, Accepts Same-sex Marriage

Ashley Madison Tones Down Tagline On Dating Website

TORONTO — The company that owns the Ashley Madison dating website has dropped the signature tagline: "Life Is Short. Have An Affair." AshleyMadison.com is now going with the tagline: "Find Your Moment."

Ashley Madison Tones Down Tagline On Dating Website

Amber Alert Issued For Calgary Girl, 5, Whose Mom Was Found Dead

Amber Alert Issued For Calgary Girl, 5, Whose Mom Was Found Dead
Calgary police aren't ruling anything out in their search for a missing five-year-old whose mother was found dead in the basement suite she had recently rented in a large home.

Amber Alert Issued For Calgary Girl, 5, Whose Mom Was Found Dead

Early Morning Shooting In Surrey, B.C. One Man Hurt, Two Suspects Flee

Early Morning Shooting In Surrey, B.C. One Man Hurt, Two Suspects Flee
They say the victim has serious injuries but is expected to survive.

Early Morning Shooting In Surrey, B.C. One Man Hurt, Two Suspects Flee

Toronto May Join Growing Number Of American Cities With 911 Texting

Toronto May Join Growing Number Of American Cities With 911 Texting
TORONTO — A city council vote this week could set Toronto on the path to becoming the first jurisdiction in Canada where all residents can send text messages to 911 operators instead of calling them. 

Toronto May Join Growing Number Of American Cities With 911 Texting

Immigration Detainees On Hunger Strike; Want Meeting With Public Safety Minister Ralph Goodale

Immigration Detainees On Hunger Strike; Want Meeting With Public Safety Minister Ralph Goodale
TORONTO — A group advocating for full immigration status for all migrants says more than 50 immigration detainees began refusing food Monday in two Ontario centres.

Immigration Detainees On Hunger Strike; Want Meeting With Public Safety Minister Ralph Goodale