Luxury realtor gives vote of confidence to Calgary

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While there may be concern over the high-end property market in Calgary currently a European realty firm believes that the longer term outlook for the city’s luxury homes is positive. German real estate firm Engel & Volkers has just opened an office in Calgary following new offices in Toronto and Victoria and senior advisor and president of sales Mark Evenden is upbeat. He told the Calgary Herald that despite fears there are many good factors for the market including the strong economy, high migration and low interest rates. Evenden says that listings are high and there is uncertainty but that he is still involved in high value deals with people who want to buy in the city. Read the full story.

  • Sue Se on 2015-02-06 10:53:21 AM

    This has more to do with money that they are expecting to line their own pockets with and provide strategic buying opportunities of a falling market for their own citizens. Do you know that you can rent 2 bedroom apartment in Berlin for about 180 Euro? East or West, don`t really matter. Try renting something like this in Timbuktu anywhere in Canada. Germany is the economic powerhouse in whole Europe and that is not because they just throw money around on overpriced real estate.

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