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+--- Thread: High-end homes sales climb in Toronto, Vancouver in 2015: report (/thread-28746.html)
High-end homes sales climb in Toronto, Vancouver in 2015: report - chairman - 01-07-2016
The Canadian Press
TORONTO - A new report says sales of homes worth $1 million or more heated up in Toronto and Vancouver last year as the low loonie fuelled demand from foreign buyers.
The report from Sotheby's International Realty Canada says sales of homes worth $1 million or more in the Greater Toronto Area rose 48 per cent in 2015 from the previous year.
In Vancouver, there were 46 per cent more homes over the $1 million sold last year compared with 2014.
The realtor says sales of homes worth more than $4 million grew the most - in Vancouver by 67 per cent, and in Toronto by 71 per cent.
But after years of growth, Calgary's high-end housing market declined last year as the downturn in the oilpatch hurt consumer confidence.
The Sotheby's report says sales of homes over $1 million fell 41 per cent in Alberta's largest city in 2015 compared with the previous year.
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - mapoui - 01-07-2016
Quote:But after years of growth, Calgary's high-end housing market declined last year as the downturn in the oilpatch hurt consumer confidence.
The Sotheby's report says sales of homes over $1 million fell 41 per cent in Alberta's largest city in 2015 compared with the previous year.
OIL PRICES TOO LOW. IF DEH REMAIN LOW ALBERTA IMPLODES!
a lot of the crooks/parasites and their families also running from their home countries in fear of revolution. Canada has always been haven for those kinds.
a sure if we could see there would be a Turkish stream from the Erdogans setting up a safe space just in case ::LOL:: ::LOL:: ::LOL:: ::LOL::
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - ketchim - 01-07-2016
Its all money laundering ! Former PM Harper was to use the Australia model :
to curb the Mob money investors !
[quote author=The Chairman link=topic=102076.msg673085#msg673085 date=1452181330]
as the low loonie fuelled demand from foreign buyers.
[/quote]
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - mapoui - 01-07-2016
[quote author=ketchim link=topic=102076.msg673095#msg673095 date=1452184640]
Its all money laundering ! Former PM Harper was to use the Australia model :
to curb the Mob money investors !
[/quote]
yes! that too! ::LOL:: ::LOL:: ::LOL:: ::LOL::
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - ketchim - 01-07-2016
http://www.conservative.ca/prime-minister-harper-announces-help-for-aspiring-homeowners-2/
Some estimate that as many as 15 percent of condos in Vancouver sit empty year round –
owned by real estate speculators who only benefit when the price of homes rise.
Residents and aspiring home owners in cities like Vancouver and Toronto have regularly expressed
frustration with foreign buyers who buy up available homes, and leave them vacant. >
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - ketchim - 01-07-2016
Australia, have put in place regulations that limit the ability of foreign buyers to purchase existing omes
for investment purposes,but permit foreign investment that results in the construction of new homes.
Foreign individuals residing temporarily in Australia may purchase an existing home,
provided that they live in it while in the country
and sell it when they leave.
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - ketchim - 01-07-2016
At the centre of the Australian model is the principle that foreign investment in residential real estate
should increase Australia’s housing stock. 8)
Re: High-end homes sales climb in Toronto, Vancouver in 2015: report - mapoui - 01-07-2016
[quote author=mapoui link=topic=102076.msg673098#msg673098 date=1452185409]
yes! that too! ::LOL:: ::LOL:: ::LOL:: ::LOL::
[/quote]
I mean the money laundering. the Oz plans appear to be good