Calgary's luxury market expected to be busy this fall

Falling interest rates are expected to drive luxury demand this fall in Calgary and, for that matter, across Canada, a new report forecasts.

“The positive news in the report is that falling inflation and interest rates encourage luxury buyers to be more active in the market,” says Phil Soper, president and chief executive officer of Royal LePage.

He notes that luxury buyers across Canada and in Calgary have not been immune to the economic challenges over the past two years as interest rates increased rapidly to combat inflation.