Calgary's luxury homes market narrowly missed claiming top spot nationwide in 2013, with year-overyear sales growth in the sector outpacing nearly all other Canadian centres.

According to Re/Max's Upper-End Report, sales of homes priced at $1 million or more in Calgary increased by 34 per cent in 2013. In Vancouver, where the luxury market is defined by Re/Max as homes priced at $2 million or more, luxury sales increased by 36 per cent.

With more than 200 transactions over the million-dollar price point in the first six months of 2013, Calgary's commercial market continues to be the subject of "cautious optimism".

Highlighting trends and developments in 11 major centres across Canada, the 2013 RE/MAX Commercial Investor Report found commercial inventory remained scarce during the first half of the year, particularly in the multi-unit residential, industrial, and retail sectors.

The country mouse is doing just fine.

In a report released from RE/MAX, Alberta, along with Saskatchewan, saw the biggest increases in farmland values in the country. According to the report, the high end of farmland values in Alberta increased from $6,500 an acre in 2012 to $8,500 an acre this year.