Million dollar home sales booming

Written By Unknown on Kamis, 10 Januari 2013 | 22.39

While Canada's housing market appears to be cooling, that's not the case for homes carrying price tags of at least a-million dollars.

Sotheby's International Realty Canada predicts 2013 will be a good year for anyone selling a top-end house.

Sotheby's points to Canada's stable economy, increasing employment, and low interest rates.

The company is so confident, it plans to expand into two new Canadian markets — Edmonton and Quebec City.

It currently serves four — Vancouver, Calgary, Toronto, and Montreal.

Sotheby's says sales of million-dollar-plus home in Calgary jumped 20 per cent last year over 2011.

Sales of such homes in Vancouver dropped 34 per cent, while there were modest increases in Toronto and Montreal.


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