Canadian Luxury Real Estate Sales Double, Triple in Some Markets
Posted by Teri-Lynn Jones on
Pandemic accelerated value of home ownership at luxury price points to new heights in major Canadian centers in 2021
Demand for Canadian luxury real estate shifted into high-gear from coast to coast in 2021 as both domestic and non-resident consumption of tangible assets, such as homes, reached new levels, according to a report released today by RE/MAX Canada.
“The currency of home ownership has clearly taken on a new dimension in 2021,” says Christopher Alexander, President, RE/MAX Canada. “Canadians are moving to secure their future. The pandemic fuelled a run on real estate that has encompassed every segment of the market, and the value of housing has increased exponentially as a result–not only as a form of…
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