Calgary's real estate market is beginning to show some signs of life, and it's not just among first-time home buyers.
Realtors say homes for a million dollars or more are beginning to move.
Sales of homes worth more than a million dollars doubled in January compared to the same month in 2009.
Diane Scott, President of the Calgary Real Estate Board, remembers Calgary's first million dollar home in the 1980s.
Now more than 400 are listed.
She says the city entered a new realm once its population hit a million and now foreign buyers are taking notice.
Realtor John Zatwarnitski says despite the fact that we're coming out of the worst recession in decades, some Calgarians can still afford to buy luxury homes.
"The only people that didn't get really hurt through these last couple of years were people that were well-hedged. When you have two or three million in your bank account, I guess you can get through anything," commented Zatwarnitski.
He says the luxury home market operates independently, but like lower priced markets, it's beginning to show some new life.
The most expensive house on the market in the Calgary area right now, an acreage in Bearspaw, is listed for $14-million.
If it sells at close to that price, it will set a record for a single family home in the Calgary area.
