Luxury housing sales edge higher
Luxury housing sales edge higher as purchasers take advantage of buying opportunities in Ontario-Atlantic Canada, says RE/MAX. Luxury homes sales continue to accelerate as economic recovery takes hold in major markets in Ontario and Atlantic Canada, according to a report released today by RE/MAX. >>> Click here for Luxury Home Sales...
Read MoreGTA May Resale Housing Sales Higher Than Last Year
In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,3001. “The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have...
Read More2008 Upper-End Market Trends
Luxury home sales hold steady in most major markets across the country, says RE/MAX – Two-thirds of markets surveyed report upswing in the number of upper-end homes sold in 2008 Luxury home sales have outperformed virtually all other residential price points this year, but activity in the top-end is expected to taper in most major Canadian centres in coming months, according to...
Read MoreRising housing values and lack of inventory challenge First-Time Buyers
“Homeownership continues to be primary objective” While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across the country, according to a report released today by RE/MAX. Despite a higher degree of frustration in the marketplace than in...
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