Vancouver luxury market experiences slowdown due to foreign buyer tax; GTA keeps up record pace
- Victoria saw sales of properties over $1 million increase 82 per cent over the same period in 2015, driven primarily by downsizers relocating from Vancouver for retirement
- Calgary’s luxury market has stabilized over the first nine months of 2016, and after a period of declines, sales of $1 million-plus homes were up 13 per cent year-over-year
- While Vancouver sales of $1 million properties were up by three per cent overall, single-family home sales in that range declined by seven per cent year-over-year
Check out all the details here:http://blog.remax.ca/luxury-real-estate-report-2016/
