Dramatic rebound characterizes Canada’s luxury home segment in 2010

Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX.  

According the statistics obtained through our Georgian Triangle Real Estate Board, our area (including Collingwood, the Blue Mountains, Wasaga Beach, Meaford, Grey Highlands and Clearview)  is no exception.  2010 Year-to-date  sales  in the $1,000,000 plus category are up substantially from same period last year (January 1st to April 26th), with 4 sales in 2010, compared to only one for 2009.  There have been 8 sales over the $700,000 threshold versus 2 at this time last year and, two sales have occured this year over the 2 million dollar mark in our area.

You can download the full report for major Canadian Markets here

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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Tuesday, April 27th, 2010 at 7:52 pm and is filed under Luxury Homes, Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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