If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Luxury home sales hit new highs in 9 or 13 regions across Canada, according to a recent ReMax Canada report. The report was based on information from brokers.
A luxury home is usually thought of as one falling within the top 1% to 5% of sales. The luxury price range varies across Canada from $400,000 in St. Johns to $2-million in greater Vancouver.
The most expensive home sold in Q1 in Canada was in Vancouver – an 11,600 sq. ft. home for $10M. The average price for a single, standard detached home in Vancouver is now $800,341 – up more than 20% from a year earlier.
Prices across Canada have also increased significantly in the last 12 months – almost 20%.
Resource: Globe and Mail
No related posts.
