Investors’ interest in the Calgary market remained remarkably strong through the final quarter of 2023, during which an additional 88 transactions closed at or above $1 million, for a total of $719.2 million. For the year, total dollar volume invested reached just under $3.4 billion. While this represents a decrease of approximately $153 million or 5% percent year-over-year, the negative calculation is due entirely to the 2022 sale of The Bow (sale announced in 2021, finalized in 2022) inflating last year’s investment numbers. Removing that outlier, we see investment up year-over-year (y-o-y) across the board.
