The 5 most expensive homes in Calgary, currently for sale

Although Calgary's weather continues to cool, the city's housing market remains red hot.

According to the Calgary Real Estate Board (CREB), 2,171 residential homes were sold in the city in October 2023, a 17 per cent increase over last year. "Sales activity was driven primarily by increased condo sales as consumers seek affordable housing options during a period of high interest rates," according to CREB's October 2023 Monthly Statistical Report. "New supply also improved this month compared to last year, reaching 2,684 units, the highest level for October since 2015. "

The unadjusted benchmark price for a residential home in Calgary last month was $571,600, up from $570,300 the previous month, an increase of 9.7 per cent from a year ago.

CREB chief economist Anne-Marie Lurie says it will "take some time" to see a shift toward more balanced conditions and ultimately "greater price stability. "

If you're dreaming of buying a luxury new home, Calgary has several offers.

The five most expensive residential homes listed for sale in the city as of Nov. 2, 2023, according to Realtor.ca:

• $9.9 million is a home in the Pamp Hill neighborhood. This 10,600-square-foot home is inspired by the Provençal region of France and sits on a 0.6-acre lot. The home features six bedrooms, seven bathrooms, five fireplaces and a heated nine-car garage. "An architectural work of art, this house harmoniously combines French and Italian craftsmanship," the announcement reads. "Every corner of this unique home is adorned with customizable chandeliers, exquisite light fixtures, exquisite French doorknobs, luxurious curtains and stylish French-inspired kitchen cabinets. "
• 8.9 million dollars is a home on the Elbow River. This 7,049 square foot home sits on a nearly quarter-acre lot on the Elbow River. "Inspired by the latest minimalism, this home creates an atmosphere of tranquility and serenity for the discerning buyer," the announcement reads. "Energy-efficient triple-glazed windows are positioned to flood each room with natural light from different angles, and the sliding wall/window system creates a unified space between the interior and exterior. "
• $8 million is a home in a future Providence neighborhood. This 9,031 square foot home sits on an 18 acre lot in the soon to be new Calgary community of Providence. It is located at 4111 162 Ave.