News Formal

Canada's Luxury Home Market is Starting to 'Normalize' Post-Pandemic: Report

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 74%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

After two years of unprecedented demand, the upper tier of Canada’s real estate market is starting to “normalize” again, according to a new report from Canada_SIR. luxuryrealestate realestatenews

5:55 AM Jul 20, 2022

“We’re coming off a few years of what has really been a record breaking anomaly in terms of the real estate market,” Don Kottick, President and CEO of“We’ve seen the seasonal and cyclical fluctuations that we’ve been used to prior to the pandemic blown out the window and now I think what we’re seeing is almost a return to a more normalized market. Obviously there’s nuances in different markets across the country.

In all, Kottick says luxury markets continue to show robust activity across the country, even taking into account last year’s record-breaking trends.As Canada’s largest luxury market, the Greater Toronto Area started to see a slow return to balance in the first half of the year, though sales of homes priced over $4M still outperformed last year’s numbers by 7%. This was seen across all luxury home types, including condo sales, which rose 13%.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 16. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

BLACK MARKET CONCERNS: Canada has no way to track weapons donated to UkraineThe Canadian Forces confirmed it is not taking part in NATO discussions underway to try to deal with the potential issue of arms smuggling from Ukraine. Why are we surprised?
ソース: ottawasuncom - 🏆 4. / 92 続きを読む »