The $1-million price range isn’t so exclusive any longer, as a record number of homes sold for at least that much and a lot more in the Greater Toronto Area last year. In the GTA, 19,692 properties sold last year for $1-million or higher, a 77 -per-cent surge compared against 2015, according to […]
toronto luxury homes
Luxury real estate in Canada becomes pricier and pricier
According to the Royal LePage Carriage Trade Luxury Properties 2016 Report, Canada’s luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25% of luxury properties now purchased by foreign buyers. This report analyzed the luxury real estate market in four cities: […]
Canadian banks can withstand severe housing crisis, Moody’s says
Ratings agency Moody’s says that despite soaring home prices and household debt levels, Canadian banks could weather the effects of a severe housing downturn. In its latest report, published Monday, Moody’s says it conducted stress tests to determine the impact on major Canadian banks in the event of a 25-per-cent drop in home prices countrywide. […]
Real estate agents believe more foreign buyers snapping up luxury properties – survey
About a quarter of real estate advisors across Canada suspect that at least 25 per cent of luxury properties in their market have been snapped up by foreign buyers, according to a new survey. While some real-estate observers have levelled blame for this country’s hot housing market at an influx of foreign cash, there […]
Toronto saw big growth in luxury real estate market in 2015
Toronto saw a big spike in growth in its luxury real estate market in 2015, according to a new report released by Christie’s International Real Estate today. In a news release issued Thursday, Christie’s Canadian affiliate Chestnut Park Real Estate, said Auckland, New Zealand took the top spot for most growth in luxury […]
