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Price of luxury housing in Canada keeps going up as sales of $3-million homes surge

First it was $1 million, then $2 million. How about $3 million? That’s what Re/Max says is the high end of the luxury housing market – one that has seen an explosion in sales. The real estate company says Toronto and Vancouver had a huge surge in the number of $3-million homes sold in 2015. Over […]

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Chinese buyers drive Vancouver’s luxury housing market

Buyers from mainland China and a dwindling supply of high-end detached homes are driving Vancouver’s luxury real estate market, with has seen an 80-per-cent increase this year compared to 2014 in the number of sales over $3 million. The latest numbers from RE/MAX show that 532 single-family houses sold for at least $3 million between […]

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Foreign buyers driving luxury real estate sales, Re/Max says

Foreign buyers are driving demand for luxury homes priced at over $3 million in Vancouver and Toronto, according to a report today from Re/Max. In June 2015, there were 379 homes in that price range sold in Toronto, compared to 179 a year ago. In Greater Vancouver, 572 homes above $3 million were sold in […]

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Luxury home sales in Calgary fall sharply but prices hold steady

Sales in Calgary’s luxury home market may have fallen sharply from last year but properties have tended to hold their prices, says a new report released by RE/MAX. The luxury market report said sales of properties over $1 million in the Calgary region have dropped by 28 per cent year-over-year from 2014 levels as the […]

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