Move over, Toronto and Vancouver: Montreal is poised to become new capital of luxury real estate

Posted by Michael La Prairie on Wednesday, March 21st, 2018 at 10:17am.

Calgary and Montreal are on track to eclipse Toronto and Vancouver as Canada’s fastest growing luxury real estate market this year as rising consumer confidence boosts demand for homes over $1 million.

A new Sotheby’s report on the luxury sector shows sales of $1 million-plus homes in Montreal increased by 20 per cent to 104 units in the first two months of this year, while transactions in Canada’s two largest metropolitan areas flagged amid headwinds from government policy interventions.

Continue reading Move over, Toronto and Vancouver: Montreal is poised to become new capital of luxury real estate at Financial Post Website

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