Realty Canada: Homes and Cities Calgary

realty canada: It concluded that 19,692 such properties were sold last year in the Greater Toronto Area an increase of 77 per cent compared to 2015, according to Guelph Mercury. Sales of luxury homes those worth more than 4 million in the GTA rose 95 per cent year-over-year to 290 homes. The realtor released a report Wednesday that looked at sales of homes for more than 1 million in Toronto and three other cities Calgary, Montreal and Vancouver. There is a confluence of factors responsible for the red-hot growth in Toronto's top-tier real estate market, said Brad Henderson, president and CEO of Sotheby's International Realty Canada. With natural boundaries like the lake and the Greenbelt, the Greater Toronto region has less developable land than other markets, Henderson said. Among them are low interest rates, strong employment and consumer confidence, and a limited supply of properties for sale, particularly in the single-family home segment. (www.immigrantscanada.com). As reported in the news.