Tuesday, April 27, 2010

Luxury home sales soar in Q1

Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released Monday by RE/MAX. Despite the upward momentum, there are still deals to be had -- especially at the higher price points -- a fact that is motivating buyers to act."

The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales.

Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period.

Source: Damien Lynch, Financial Post
Published: Monday, April 26, 2010

Click here to read the entire article on the Financial Post online...

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