Personal Wealth Dept: The report called Upper End 2010 cites improved economic performance, increased personal wealth, immigration and foreign investment as catalysts in the sales surge. "This segment of the market was hardest hit when the recession took hold, yet its comeback has been fast and furious." Luxury homes in Canada sold briskly during the first three months of this year, shattering records for first quarter activity in nine of 13 Canadian markets, a RE/MAX report says. The recovery in luxury home sales is "nothing short of remarkable," said Elton Ash, regional executive vice president of RE/MAX in Western Canada. As
reported in the news.
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