Calgary breaks annual MLS records

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With more than two months still to go Calgary has broken one of its annual MLS sales records. According to Mike Fotiou of First Place Realty there had been 732 properties listed for $1 million or more in the year to October 18th; beating last year’s record of 726. Despite measures taken by the CMHC this year, including removing insurance for high-value properties where the buyer does not have a down payment of at least 20 per cent, there have been steady increases in luxury property sales this year. Read the full story.

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