Luxury home sales are always a good sign of the economy.
And judging by the upper-end real estate market in Calgary, the local economy is doing well.
Year-to-date sales in the high-end market are up from a year ago.
So far this year from January to September, there have been 382 single-family homes and 25 condos that have sold for more than $1 million in Calgary.
Year-to-date in 2011, there were 338 single-family sales and 22 condo sales.
The year-to-date numbers in the luxury market this year are the highest level since at least the last five years.