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
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