The RE/MAX Upper End 2010 report notes a serious upswing in sales of luxury homes in Canada. The report highlights sales and trends in 13 major Canadian centres and 5 sub-markets. It ascribes the double and triple digit - depending on area - 12 month increase in sales to improved economic performance, increased personal wealth, immigration and foreign investment and forecasts a continuation of this trend.
High end homes start at $2 mil in Greater Vancouver, at $1.5 mil in Greater Toronto and Montreal Island and at lower prices in other areas down to $400K in St. John's.
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