July 2015

Found 1 blog entry for July 2015.

There’s no denying that it’s been a tough year for those of us trying to navigate the $1million-plus housing market here in Calgary, but all across the rest of the country, signs of life, growth and, above all, hope, abound. So let’s take a look and see where we could be heading. 

Between January and June of this year, sales of homes worth over $1 million rose by 48 percent in Vancouver and by a whopping 56 percent in Toronto. In fact, the market is so hot right now, that the definition of ‘luxury’ has changed—currently, the cost of entry to this elite market is at least $2 million in Toronto and $3.5 million in Vancouver. 

Thanks to low interest rates, a high demand for and a low supply of single-family detached homes, Sotheby’s International Realty

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