Calgary resale real estate market has been the jackrabbit of Canada’s luxury market, a new report notes, and it looks to continue that momentum into this year.

“If you look specifically at Calgary, it led the nation in sales growth in 2024, outstripping Montreal, Toronto and Vancouver for percentage gains,” says Don Kottick, president and chief executive officer of Sotheby’s International Realty Canada. Referring to Sotheby’s International Realty Canada Top-Tier Real Estate: 2024 State of Luxury Annual Report, he notes that Calgary’s luxury market, which starts at homes priced $1 million, saw sales grow 42 per cent year over year — the fastest among Canada’s major metropolitan markets.