May 16, 2012: The Canadian appetite for all things luxury continues to fuel demand for high-end housing, with first quarter 2012 sales well ahead of 2011 figures for the same period in most markets across the country, according to a report released today by Re/Max. Click here for the full report.
"While the ranks of the rich expand in both population and wealth, their impact on the Canadian residential landscape is undeniable," says Michael Polzler, Executive Vice President, Re/Max Ontario-Atlantic Canada. "Their confidence abounds from coast-to-coast, irrespective of price point. Starting prices range from a low of $500,000 in markets like St. John's and Halifax-Dartmouth to a high of $2 million in Greater Vancouver, and affluent homebuyers are still prepared to up the ante - choosing to further renovate or altogther teardown and custom build to suit their needs." |