Luxury Home sales expected to be strong

From the Toronto Star/Canadian Press:

Sales of high-end homes worth at least $1 million were up in major Canadian urban markets in the first half of the year compared with the second half of 2012.

Sales were up 65 per cent in Vancouver, 67 per cent in Calgary, 61 per cent in Toronto and 29 per cent in Montreal.

 

The article suggests that foriegn buyers are expected to continue to fuel the demand for homes in the $1M+ range.

Toronto Star