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Toronto Luxury Real Estate Report

Toronto Luxury Real Estate Market on fire!

Sales of homes priced over $1 million were up year-over-year in Toronto, Vancouver, Calgary, Victoria and Oakville in the first nine months of 2016. In the Greater Toronto Area and Vancouver, Canada’s largest high-end housing markets, sales of $3 million-plus homes saw significant increases, of 86 per cent in the GTA and 41 per cent in Vancouver.

High demand in the GTA and Vancouver has resulted in a spillover effect in neighbouring markets, as buyers look further out for more selection and value. In Oakville, an affluent suburb to the west of the GTA, sales of $1 million-plus homes increased by 111 per cent year-over-year, driven by price appreciation throughout the market as well as increased interest from foreign buyers.

Click here to read the FULL RE/MAX Luxury Home Report

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Toronto Real Estate Board - IDX Last Updated: 6/18/2018 7:35:24 PM