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Toronto set to lead luxury housing market in the fall: Sotheby
9/16/2016 | Posted in Real Estate Market by Paul DeAdder | Back to Main Blog Page
The sale of high-end homes is expected to be led by the Greater Toronto Area in the fall, with strong sales of homes above $1 million while those above $4 million will be significantly higher in the region compared to the national average.
In the first half of 2016 the GTA saw a 65 per cent increase (year-over-year) in sales over $1 million with a 35 per cent rise in the city of Toronto. There was a 74 per cent rise in sales of homes above $4 million in the GTA in July and August while those above $1 million increased 83 per cent. High-end condo sales were up 89 per cent.
