Prices of luxury homes in Vancouver and Toronto are being driven higher by foreign buyers according to Re/Max. There were 379 Toronto homes sold for $3 million or higher in June, up from 179 a year ago; Vancouver saw 572 homes sold in the upper price range compared to 319 in June 2014.
Many of the buyers are from mainland China but brokers report that these are not generally investors: "While there has been a lot of concern about foreign investors in Canada's housing market, we're seeing that the foreign buyers in our major luxury markets are living in their properties," Gurinder Sandhu, executive vice-president of Re/Max Integra Ontario-Atlantic Canada told CBC News.
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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