Mississauga, ON (April 30, 2013) - Spring is in the air and nowhere is that more evident than in the country's luxury housing market. After a subdued start in the first quarter, the RE/MAX Upper End Report found that demand for upscale properties is once again on the rise.
Eight out of the 16 major residential housing markets examined posted sales on par or ahead of last year's levels in the first three months of the year. Percentage increases were led by Calgary (50 per cent), Edmonton (41 per cent), Regina (10 per cent), Saskatoon (6 per cent), Winnipeg and London-St. Thomas (five per cent), followed by Quebec City at three per cent. Six markets posted new records for first quarter sales, including London-St. Thomas, Hamilton-Burlington (which matched the record 2012 pace), Quebec City, Regina, Saskatoon, Edmonton and Calgary. For the second consecutive year, Greater Toronto secured the top spot for the greatest number of upper-end sales in the first quarter.
Jared Rogers, Sales Representative
RE/MAX West Realty Inc. Brokerage
570 Bloor St. W
Toronto, ON, M6G 1K1