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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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Russian Luxury Real Estate Going Through a Rough Year

Prices of luxury real estate in Russia have suffered a great slump, its major daily, The Moscow Times, reported recently. Since the last economic crisis that hit Russia way back in the year 2008, prices for such properties have increased by only 30.2 percent on the average, according to Knight Frank. This, so far was […]

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Canada Luxury Housing Market Update: Calgary Manor Lists for $12.25M

Sotheby’s International Realty Canada recently unveiled “The Manor House,” the newest luxury property located in Calgary. “The Manor House” is listed with an introductory price of $12.25 million.  The million dollar house is located in Calgary’s prestigious Aspen Estates, reports the site Digital Journal, and is said to be the highest priced residential property introduced […]

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Real estate industry seek effective implementation of Smart City projects

Real estate industry on Thursday hailed the announcement of 98 Smart Cities, but said the government should aggressively focus on effective implementation of these projects to stimulate economic growth and improve quality of urban life. The Confederation of Real Estate Developers’ Association of India (CREDAI) also demanded that the private sector should be roped in […]

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Affordable Homes Offer $11.8-Bn Opportunity for Builders: C&W

New Delhi: Affordable home segment presents a business opportunity worth $11.8 billion for developers across seven major cities of the country, according to property consultant Cushman & Wakefield. Cushman & Wakefield (C&W) has pegged the demand for affordable housing at 5,35,400 units across Delhi-NCR, Mumbai (MMR), Bengaluru, Chennai, Hyderabad, Kolkata and Pune. “Affordable housing presents […]

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$12M Calgary listing bucks trend in luxury real estate

CALGARY – Luxury home sales in Calgary have taken a hit this year thanks to slumping oil prices, but that isn’t preventing Sotheby’s from listing a $12.25 million home today. The asking price for the 10,000-square-foot home, owned by Calgary developer Jim Quinn, is the highest the city has seen since 2009, says Sotheby’s International […]

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Moscow Luxury Real Estate Market Baffled by Economic Crisis

One of the key Russian real estate developers has sold its share in a company that is constructing lavish luxury apartments in central Moscow due to falling demand for such properties, RBC news agency reported on Sunday. In 2014, O1 Group — that owns 14 high-end business center buildings in Moscow — bought a 70 […]

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