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Luxury Landscape: Brisk activity expected this fall across Canada's high-end real estate markets
Luxury Landscape: Brisk activity expected this fall across Canada's high-end real estate markets ...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\n\n Luxury Landscape: Brisk activity expected this fall across Canada's high-end real estate markets\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Confidence in stabilization of\n \n Canada's\n \n economy driving sales in this small yet resilient segment of the real estate market\n \n\n\n\n\n Highlights:\n \n\n\n\n\n Halifax's\n \n luxury real estate market recorded highest year-over-year median price appreciation in the first eight months of 2024, with gains of 8.6%.\n \n\n Luxury property prices in\n \n Toronto\n \n posted year-over-year increase of 3.9%, while\n \n Vancouver\n \n and\n \n Montreal\n \n recorded modest declines of 1.8% and 2.8%, respectively.\n \n\n Sales activity in\n \n Winnipeg's\n \n luxury market recorded greatest year-over-year increase with 61.9% jump, taking into account low transaction volumes.\n \n\n Royal LePage\n \n ®\n \n experts in all major cities expect increased market activity in the months ahead.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 19, 2024\n \n\n /CNW/ - Luxury real estate properties in\n \n Canada's\n \n largest markets continue to demonstrate price stability, with less pronounced peaks and valleys compared to the typical fluctuations seen in the mainstream market. According to the 2024 Royal LePage\n \n ®\n \n Carriage Trade\n \n ®\n \n Luxury Market Report\n \n\n 1\n \n\n released today, sales of luxury homes were up in the first eight months of the year, compared to the same period in 2023, in almost all major cities in\n \n Canada\n \n - with the exception of the two most expensive markets,\n \n Vancouver\n \n and\n \n Toronto\n \n , as well as\n \n Halifax\n \n . Meanwhile, prices posted modest gains in some ...