Home Builder Canada Readers survey
newsletter
NP_lineHome Builder Magazine New Products Online
NP_line
Computers, Educational
&Technology

NP_line
Electrical & Mechanical
NP_line
Exteriors
NP_line
Finishes & Surfaces
NP_line
Kitchens & Baths
NP_line
Landscape & Design
NP_line
Speciality Products
NP_line
Structural
NP_line
Tools & Equipment
NP_line
Windows & Doors
NP_line
New Products home
NP_line



External Links: Associations & Governments. Builders & Renovators . Manufacturers & Suppliers

Home . About Us . Subscribe . Advertise . Editorial Outline . Contact Us . Current Issue . Back Issues . Jon Eakes



© Copyright - Work-4 Projects Ltd.

Luxury home sales stay on record pace

July 22, 2022


Sotheby’s luxury home

According to Sotheby’s International Realty Canada’s new Top-Tier Real Estate: Mid-Year Report, to be released July 20, 2022, residential sales in Canada’s largest luxury real estate market stumbled but stayed on a record pace in the first half of 2022.
Greater Toronto Area (GTA) residential real estate sales over $4 million were up 7 per cent year-over-year from previous records set in the first half of 2021. Sixteen properties sold over $10 million, one more than the record number of ultra-luxury properties sold above this price point in the first half of 2021. Four million dollar-plus condominium and attached home sales posted annual gains of 13 per cent and 100 per cent in the first half of 2022, surpassing previous record activity in the first six months of 2021; single family home sales over $4 million were up a modest 1 per cent
Overall, residential sales over $1 million – close to the benchmark sale price –were down 10 per cent in the GTA in the first half of 2022.

How other luxury markets fared:

 


 


homeBUILDERcanada.com | Home BUILDER Magazine | Canada's #1 Information Source for Residential Home Builders and Professional Renovators

HB house ad sub
Home Builder Magazine Ask Jon Eakes
Home Builder current issue