10 Sep '17, 8am

#Toronto, #Victoria are world's 'hottest' #luxury #real estate markets

#Toronto, #Victoria are world's 'hottest' #luxury #real estate markets

Toronto and Victoria, B.C. are the world’s “hottest” markets for luxury homes as investors flock to Canada for its political and economic stability, according to a new report from Christie’s International Real Estate. Christie’s CEO Dan Conn told BNN in an interview Wednesday that even with the rise in million-dollar-plus home sales, Toronto is cheap compared to other luxury markets. “I consider Toronto, even with the heat at the upper end of the market, it is still a comparative bargain on the global map,” he said. Investors interest in Canadian real estate shows no sign of cooling anytime soon, Conn said. Data Source: Chrstie's International. Image by Masha Barsky/BNN. “The reality of the world right now is that, particularly in 2016, we’ve lived through an enormous amount of uncertainty, and one of the real bright lights geopolitically-speaking was Canada,” he said, cit...

Full article: https://www.bnn.ca/toronto-victoria-are-world-s-hottest-l...

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