The Bank of Canada's latest financial review today stated that a housing market slowdown could potentially drag the entire economy down with it.

"Price corrections in particular segments of the housing market may put downward pressure on house prices more generally," the report said. "This would likely lead to a decline in housing activity, adversely affecting household incomes and employment, as well as confidence and household net worth, which would in turn reduce household spending," it added.

Meanwhile in Alberta, the amount of outrageously expensive houses on sale are anything but slow. From a French Country castle to a rustic mountain home with a river flowing past it, Alberta's real estate lavishness doesn't disappoint.

However, not everyone is content to spend almost four thousand dollars on maintenance fees, even if it means a 24 hour, full-service concierge.

Take a look at some the most expensive houses for sale in Alberta:

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  • Rural Wheatland County, Alberta, $7.8 Million

    A small water course winds through the land on this property, which is now grazing land. It is listed as a great investment property that could involve future development. Neighbouring properties consist of a few larger acreages, a business building and a golf course. Source: Realtor.ca

  • Rural Wheatland County, Alberta, $7.8 Million

    A small water course winds through the land on this property, which is now grazing land. It is listed as a great investment property that could involve future development. Neighbouring properties consist of a few larger acreages, a business building and a golf course. Source: Realtor.ca

  • Calgary, Alberta, $7.9 Million

    This apartment is right along Elbow river and includes a 24/7 full-service concierge, restricted floor access and a $3,834 monthly maintenance fee. Source: Realtor.ca

  • Calgary, Alberta, $7.9 Million

    This apartment is right along Elbow river and includes a 24/7 full-service concierge, restricted floor access and a $3,834 monthly maintenance fee. Source: Realtor.ca

  • Calgary, Alberta, $7.9 Million

    This apartment is right along Elbow river and includes a 24/7 full-service concierge, restricted floor access and a $3,834 monthly maintenance fee. Source: Realtor.ca

  • Calgary, Alberta, $7.9 Million

    This apartment is right along Elbow river and includes a 24/7 full-service concierge, restricted floor access and a $3,834 monthly maintenance fee. Source: Realtor.ca

  • Rockyview County, Alberta, $8 Million

    This property features seven large bedrooms on the main floor, seven bathrooms and a fully developed basement of 10,000 square feet. The property includes a "fabled Canadiana Mansion and eight Canadiana Condos" on 27 acres. Source: Realtor.ca

  • Rockyview County, Alberta, $8 Million

    This property features seven large bedrooms on the main floor, seven bathrooms and a fully developed basement of 10,000 square feet. The property includes a "fabled Canadiana Mansion and eight Canadiana Condos" on 27 acres. Source: Realtor.ca

  • Rockyview County, Alberta, $8 Million

    This property features seven large bedrooms on the main floor, seven bathrooms and a fully developed basement of 10,000 square feet. The property includes a "fabled Canadiana Mansion and eight Canadiana Condos" on 27 acres. Source: Realtor.ca

  • Rockyview County, Alberta, $8 Million

    This property features seven large bedrooms on the main floor, seven bathrooms and a fully developed basement of 10,000 square feet. The property includes a "fabled Canadiana Mansion and eight Canadiana Condos" on 27 acres. Source: Realtor.ca

  • Calgary, Alberta, $8.7 Million

    This gated property is on 1.6 acres and has over 10,000 square feet of living space. It has a 250 feet driveway, 6 bedrooms and 6 bathrooms along with a self contained nanny suited and a penthouse. Source: Realtor.ca

  • Calgary, Alberta, $8.7 Million

    This gated property is on 1.6 acres and has over 10,000 square feet of living space. It has a 250 feet driveway, 6 bedrooms and 6 bathrooms along with a self contained nanny suited and a penthouse. Source: Realtor.ca

  • Calgary, Alberta, $8.7 Million

    This gated property is on 1.6 acres and has over 10,000 square feet of living space. It has a 250 feet driveway, 6 bedrooms and 6 bathrooms along with a self contained nanny suited and a penthouse. Source: Realtor.ca

  • Calgary, Alberta, $8.7 Million

    This gated property is on 1.6 acres and has over 10,000 square feet of living space. It has a 250 feet driveway, 6 bedrooms and 6 bathrooms along with a self contained nanny suited and a penthouse. Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $8.9 Million

    A 154.86 Acre private hideaway, located near Priddis in the foothills SW of Calgary.This home has 5 bedrooms, 6 bathrooms, 4 fireplaces, 4 decks, a house sound system and a heated barn with its own bathroom. It also features a golf practice range, a shooting range and miles of walking /riding trails. Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $8.9 Million

    A 154.86 Acre private hideaway, located near Priddis in the foothills SW of Calgary.This home has 5 bedrooms, 6 bathrooms, 4 fireplaces, 4 decks, a house sound system and a heated barn with its own bathroom. It also features a golf practice range, a shooting range and miles of walking /riding trails. Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $8.9 Million

    A 154.86 Acre private hideaway, located near Priddis in the foothills SW of Calgary.This home has 5 bedrooms, 6 bathrooms, 4 fireplaces, 4 decks, a house sound system and a heated barn with its own bathroom. It also features a golf practice range, a shooting range and miles of walking /riding trails. Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $8.9 Million

    A 154.86 Acre private hideaway, located near Priddis in the foothills SW of Calgary.This home has 5 bedrooms, 6 bathrooms, 4 fireplaces, 4 decks, a house sound system and a heated barn with its own bathroom. It also features a golf practice range, a shooting range and miles of walking /riding trails. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This French Country Castle sit on nearly one acre. It has over 14,500 square feet of living space including 5 bedrooms, 9 bathrooms, a 5 car garage and a separate Carriage House with a fully suited residence. Think Swarovski Crystal Chandelier, a wine tasting and men's parlour room and yoga studio. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This French Country Castle sit on nearly one acre. It has over 14,500 square feet of living space including 5 bedrooms, 9 bathrooms, a 5 car garage and a separate Carriage House with a fully suited residence. Think Swarovski Crystal Chandelier, a wine tasting and men's parlour room and yoga studio. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This French Country Castle sit on nearly one acre. It has over 14,500 square feet of living space including 5 bedrooms, 9 bathrooms, a 5 car garage and a separate Carriage House with a fully suited residence. Think Swarovski Crystal Chandelier, a wine tasting and men's parlour room and yoga studio. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This French Country Castle sit on nearly one acre. It has over 14,500 square feet of living space including 5 bedrooms, 9 bathrooms, a 5 car garage and a separate Carriage House with a fully suited residence. Think Swarovski Crystal Chandelier, a wine tasting and men's parlour room and yoga studio. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This almost 10,000 square feet property has a massive foyer, a sitting library and a rooftop deck with a hot tub and 360 degree views. Other features include a media room, a gym and a yard that could fit a swimming pool. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This almost 10,000 square feet property has a massive foyer, a sitting library and a rooftop deck with a hot tub and 360 degree views. Other features include a media room, a gym and a yard that could fit a swimming pool. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This almost 10,000 square feet property has a massive foyer, a sitting library and a rooftop deck with a hot tub and 360 degree views. Other features include a media room, a gym and a yard that could fit a swimming pool. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This almost 10,000 square foot property has a massive foyer, a sitting library and a rooftop deck with a hot tub and 360 degree views. Other features include a media room, a gym and a yard that could fit a swimming pool. Source: Realtor.ca

  • Calgary, Alberta, $11.5 Million

    This almost 10,000 square feet property has a massive foyer, a sitting library and a rooftop deck with a hot tub and 360 degree views. Other features include a media room, a gym and a yard that could fit a swimming pool. Source: Realtor.ca

  • Canmore, Alberta, $12.7 Million

    This 10,000 square feet home is located in a gated community. It is close to major ski resorts, Canmore's downtown and a golf club. The Bow River flows past this property, which also has outdoor living rooms created to enjoy fresh mountain air and beautiful views. Source: Realtor.ca

  • Canmore, Alberta, $12.7 Million

    This 10,000 square feet home is located in a gated community. It is close to major ski resorts, Canmore's downtown and a golf club. The Bow River flows past this property, which also has outdoor living rooms created to enjoy fresh mountain air and beautiful views. Source: Realtor.ca

  • Canmore, Alberta, $12.7 Million

    This 10,000 square feet home is located in a gated community. It is close to major ski resorts, Canmore's downtown and a golf club. The Bow River flows past this property, which also has outdoor living rooms created to enjoy fresh mountain air and beautiful views. Source: Realtor.ca

  • Canmore, Alberta, $12.7 Million

    This 10,000 square feet home is located in a gated community. It is close to major ski resorts, Canmore's downtown and a golf club. The Bow River flows past this property, which also has outdoor living rooms created to enjoy fresh mountain air and beautiful views. Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $13.9 Million

    Close to Calgary's city limits and north of Hwy 22X this property boasts mountain views, expansive open fields, rolling valleys, a creek, forest areas and more. The north quarter of the property borders a reserve and has a park and golf course like area, two homes and 3 outbuildings Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $13.9 Million

    Close to Calgary's city limits and north of Hwy 22X this property boasts mountain views, expansive open fields, rolling valleys, a creek, forest areas and more. The north quarter of the property borders a reserve and has a park and golf course like area, two homes and 3 outbuildings Source: Realtor.ca

  • Rural Foothills M.D., Alberta, $13.9 Million

    Close to Calgary's city limits and north of Hwy 22X this property boasts mountain views, expansive open fields, rolling valleys, a creek, forest areas and more. The north quarter of the property borders a reserve and has a park and golf course like area, two homes and 3 outbuildings Source: Realtor.ca

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