Prices in Alberta may have been hit in the past 18 months due to the drop in oil prices but that has fuelled interest in the province’s luxury housing market from international buyers.

Realtors at Engel and Volkers report a surge in inquiries from foreign buyers with Chinese investors particularly keen. “I’d say around seventy per cent of inquiries through our website and by phone are currently out of country buyers,” agent Mark Evernden told the Globe and Mail.

The demand is also strong at Sotheby’s International which has seen more calls from overseas buyers.
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: