A lavish home in the Mount Royal suburb of Calgary is making it clear it's worth the $8.5 million price tag.

The 11,500 square foot house is located in an area surrounded by trees on a half acre lot and houses an indoor pool, six bedroom and nine bathrooms.

Built in 2002, the house is close to bustling 17th Avenue and Calgary's downtown core.

A recent report from Royal Bank suggests home ownership has become less affordable for the average Canadian, but it hasn't stopped them from jumping into what may be an overpriced market.

If the report is to be believed, the mansion may not be on the market for long.

Here's a look at the $8.5 million Calgary mansion. Do you think it's worth the price tag? Let us know what you think in the comments below.

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  • Here's a look at what $1 million would buy in Alberta:

  • Edmonton: $999,900

    This 2,423 sq ft bungalow has a limestone fireplace, 3 bedrooms, a gym, and a massive theatre room.

  • Edmonton: $999,900

    This 2,423 sq ft bungalow has a limestone fireplace, 3 bedrooms, a gym, and a massive theatre room.

  • Edmonton: $999,900

    This 2,423 sq ft bungalow has a limestone fireplace, 3 bedrooms, a gym, and a massive theatre room.

  • Edmonton: $999,900

    This 2,423 sq ft bungalow has a limestone fireplace, 3 bedrooms, a gym, and a massive theatre room.

  • Edmonton: $999,900

    This 2,423 sq ft bungalow has a limestone fireplace, 3 bedrooms, a gym, and a massive theatre room.

  • Edmonton: $1,048,000

    This custom built 3,656 sq ft home has 6 bedrooms, a fully furnished basement, a media room and an 18 ft ceiling.

  • Edmonton: $1,048,000

    This custom built 3,656 sq ft home has 6 bedrooms, a fully furnished basement, a media room and an 18 ft ceiling.

  • Edmonton: $1,048,000

    This custom built 3,656 sq ft home has 6 bedrooms, a fully furnished basement, a media room and an 18 ft ceiling.

  • Edmonton: $1,048,000

    This custom built 3,656 sq ft home has 6 bedrooms, a fully furnished basement, a media room and an 18 ft ceiling.

  • Edmonton: $1,048,000

    This custom built 3,656 sq ft home has 6 bedrooms, a fully furnished basement, a media room and an 18 ft ceiling.

  • Calgary: $1,049,000

    This 4 bedroom house has hardwood floors, heated tiles, a kitchen with an extended eating island and a massive back yard complete with trees, shrubs and landscaping.

  • Calgary: $1,049,000

    This 4 bedroom house has hardwood floors, heated tiles, a kitchen with an extended eating island and a massive back yard complete with trees, shrubs and landscaping.

  • Calgary: $1,049,000

    This 4 bedroom house has hardwood floors, heated tiles, a kitchen with an extended eating island and a massive back yard complete with trees, shrubs and landscaping.

  • Calgary: $1,049,000

    This 4 bedroom house has hardwood floors, heated tiles, a kitchen with an extended eating island and a massive back yard complete with trees, shrubs and landscaping.

  • Calgary: $1,049,000

    This 4 bedroom house has hardwood floors, heated tiles, a kitchen with an extended eating island and a massive back yard complete with trees, shrubs and landscaping.

  • Canmore: $1,135,000

    This beautiful 4,550 sq ft home has views stretching from the Three Sisters mountain to the Rundle Range. The master bedroom has a private deck and the house has a legal suite that can be used as a rental property. nanny or granny suite.

  • Canmore: $1,135,000

    This beautiful 4,550 sq ft home has views stretching from the Three Sisters mountain to the Rundle Range. The master bedroom has a private deck and the house has a legal suite that can be used as a rental property. nanny or granny suite.

  • Canmore: $1,135,000

    This beautiful 4,550 sq ft home has views stretching from the Three Sisters mountain to the Rundle Range. The master bedroom has a private deck and the house has a legal suite that can be used as a rental property. nanny or granny suite.

  • Canmore: $1,135,000

    This beautiful 4,550 sq ft home has views stretching from the Three Sisters mountain to the Rundle Range. The master bedroom has a private deck and the house has a legal suite that can be used as a rental property. nanny or granny suite.

  • Canmore: $1,135,000

    This beautiful 4,550 sq ft home has views stretching from the Three Sisters mountain to the Rundle Range. The master bedroom has a private deck and the house has a legal suite that can be used as a rental property. nanny or granny suite.

  • Edmonton: $1,175,000

    This 5,000 sq ft home has 5 bedrooms, a triple attached garage and a walkout basement on the ravine.

  • Edmonton: $1,175,000

    This 5,000 sq ft home has 5 bedrooms, a triple attached garage and a walkout basement on the ravine.

  • Edmonton: $1,175,000

    This 5,000 sq ft home has 5 bedrooms, a triple attached garage and a walkout basement on the ravine.

  • Edmonton: $1,175,000

    This 5,000 sq ft home has 5 bedrooms, a triple attached garage and a walkout basement on the ravine.

  • Edmonton: $1,175,000

    This 5,000 sq ft home has 5 bedrooms, a triple attached garage and a walkout basement on the ravine.

  • Calgary: $1,195,000

    This two-storey walkout house backs on a quiet portion of Moreuil Park. It has 3 bedrooms, a family room with a fireplace and a bright and open concept.

  • Calgary: $1,195,000

    This two-storey walkout house backs on a quiet portion of Moreuil Park. It has 3 bedrooms, a family room with a fireplace and a bright and open concept.

  • Calgary: $1,195,000

    This two-storey walkout house backs on a quiet portion of Moreuil Park. It has 3 bedrooms, a family room with a fireplace and a bright and open concept.

  • Calgary: $1,195,000

    This two-storey walkout house backs on a quiet portion of Moreuil Park. It has 3 bedrooms, a family room with a fireplace and a bright and open concept.

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