Heavy discounting of high-end homes in one area of Alberta has attracted the interest of wealthy buyers. Rocky View County has seen seven MLS sales above $3 million in 2015 compared to just one last year according to Calgary Real Estate Board. Rachelle Starnes of Royal LePage Foothills told the Calgary Herald that it’s been a record year:  “There were some incredible deals to be had with $5 million homes selling for $3 million and a handful of properties that had been on the market on and off for over three years, finally getting sold.” Properties over $1 million are also selling but at far lower levels than 2014; there were 128 MLS sales over $1 million up to the end of October compared to 205 for the same period last year.

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: