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CALGARY — Luxury home sales in Calgary have taken a hit this year thanks to slumping oil prices, but that isn't preventing Sotheby's International Realty Canada from listing a $12.25 million home today. The asking price for the 10,000-square-foot home, owned by Calgary developer Jim Quinn, is the highest the city has seen since 2009, says Sotheby's International Realty Canada. Listing agent Corinne Poffenroth says she's confident the mansion can sell despite Calgary seeing a 36 per cent drop in sales over the past year for homes priced at more than a million dollars. "We're not expecting a typical buyer," Poffenroth said in an interview. "Purchasers at this (price) point are not as impacted by day-to-day shifts in oil and gas or the economy. They've typically made their millions, and usually we find these buyers are paying in cash."
$12 Million Calgary Mansion For Sale