Opulence, extravagance, and splendour are words typically used to describe homes of the rich and famous. Those words also apply to Calgary with its fair share of what are considered luxury dwellings.
While many people have grand aspirations when it comes to the aesthetic of their home, not everyone has the money to pay for a beautifully designed luxury home or a series of expensive renovations. Thankfully, there are a number of quick and easy ways to achieve a luxurious look in any room without the luxury price tag.
Vancouver-based developer encouraged by uptick in luxury home sales
Vancouver-based developer Concord Pacific says it is encouraged by the Calgary market. Sales of its Eau Claire luxury condo tower, The Concord, have hit 67 per cent.
“It’s coming out of the ground. We’re pouring the P1 (parking) level and you have to understand that this parkade has never been done in North America by anybody. Nobody has ever done nine-to-13-foot ceilings on four levels of parkade. This is a unique situation,” said Grant Murray, senior vice-president of sales for Concord Pacific.
Murray says that coupled with the flood mitigation work that took an extra year to design into the base of the building, it was pivotal to do it right. By Easter, he says, they should be at podium level and the completion is expected to be December 2018.
Housing professionals say upscale communities such as Heritage Pointe showing staying power
The lure of the luxury lifestyle is still drawing homebuyers to exclusive communities in and around Calgary despite some challenges in the local economy, say industry professionals.
Albi Homes community manager Amy Koehn notes Artesia in Heritage Point south of the city, for example, “is one of our busiest communities. It’s very consistent and there’s a lot of traction with the product here.”
Koehn cites the community’s lower density and larger lot sizes as motivators to buy in upscale communities such as Heritage Pointe. (more…)
Good news continues in Calgary’s million-dollar plus market
The weather wasn’t the only thing heating up in April as Calgary’s luxury market saw the third highest number of transactions ever recorded in the city in a single month.
From April 1 to April 30, 79 homes priced $1 million or up were sold in Calgary, falling just short of the all time
record of 83 set in May 2013. The second highest number of sales occurred in May 2012 when 80 million dollar-
plus homes changed hands. (more…)