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Wednesday , 29 March 2017

Monthly Archives: February 2016

Sales of $5 million Toronto homes doubled in 2015

Demand for residential real estate in Toronto hit a new high in 2015, as sales set a new record. That demand was not just for “ordinary” homes, though. Sales of luxury homes were also up. Sotheby’s International Realty Canada reported earlier this year that more than eleven thousand homes over $1 million sold in the GTA last year. Of those, 541 were condominiums, representing a 37 per cent increase over the previous year. Demand at the upper end was unprecedented and sent sales of homes priced at over $5 million to new heights. According to a realtor with RE/MAX who specializes in the high-end market, luxury home sales were up ... Read More »

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