Market for luxury homes remains brisk, in spite of soft summer
Posted by Jeff Mikolajow on
Kelowna, BC - Residential real estate markets across Canada are set to return to more normal levels of activity after a brief summer pause, but most are unlikely to exceed robust sales posted in the final half of 2009, according to a report released today by RE/MAX.
The RE/MAX Market Trends Report Fall 2010, highlighting trends and developments in 19 major centres, found year-to-date sales (January to August) ahead of 2009 levels in 11 markets (58 per cent).  Prices were up year-over-year in all cities, with five experiencing double-digit gains in 2010 (Vancouver and St. John’s up 16 per cent, Sudbury up 13 per cent, and Winnipeg and the Greater Toronto Area up 11 per cent).  Balanced conditions prevailed in most markets (79 per cent), with St. John’s,…
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