Comments on: Toronto Luxury Sales Up Almost 75% In April

By: Ronnieraven

Ronnieraven — Tue, 23 May 2017 16:54:58 +0000

I would appreciate public access to accurate RE sales data for Canadians, as is the case in the USA. As long as CREA (the Canadian Real Estate Association) owns and controls the sales data we are simply making guesses. CREA only releases data when it is to the industry’s benefit.

By: Andrew Marco

Andrew Marco — Mon, 22 May 2017 11:44:59 +0000

I think, real estate property sale prices is up and down time to time. But jumping in prices at this level is extremely shocking!

By: This Week’s Top Stories: The New Foreign Buying Threat In The US, Vancouver's Deteriorating Mortgages, and Toronto’s Luxury Buying Soars | Better Dwelling

Sun, 21 May 2017 14:37:39 +0000

[…] Toronto Luxury Sales Up Almost 75% In April […]

By: Ben

Ben — Sun, 21 May 2017 05:00:24 +0000

With the 30%+ price growth over the last year, it might be worth comparing similar luxury product. That is, the number of home sales over $2M in April 2016 vs. the number of home sales over $2.6M in April 2017.

By: Gregory

Gregory — Sat, 20 May 2017 19:50:36 +0000

The average 1300 sqft apartment in Beijing is $1.3M USD = almost $2.0M Cdn — prices are up 60% in the last 18 months in Beijing. It’s hard to believe Toronto is Bargain… Beijing $1000 USD psf Downtown Toronto $610USD psf for condos.

By: Steve

Steve — Sat, 20 May 2017 17:00:59 +0000

Why would April be a pullback from March? That’s a weird trend to see drop.

By: Dave C.

Dave C. — Sat, 20 May 2017 17:00:02 +0000

Not confidence. Paper millionaires spend their paper on similar asset classes. They’re just upgrading.

By: RE Bear

RE Bear — Sat, 20 May 2017 16:58:57 +0000

I’m just a friendly bear, but I think these are upgrades from dumb money that just happened to sell their house at an inflated price. There’s a lot of value in the luxury market in contrast to the low end, but I doubt smart money is jumping in the pool right now.