The local real estate market continues its upward stride. According to the most recent Re/Max Spotlight on Luxury Report the number of home sales in the GTA over $1 Million went up by 55% compared to last year. That’s over 2500 more sales breaking the $1 Million mark.
Price gains throughout the market and immigration into the area have combined to push the price of luxury even higher. Sales over the $3 Million mark in the GTA increased by 61% with a total of 106 more sales this year than last.
If you would like to know what the current value of your home is please contact me and I’d be happy to provide a confidential Comparative Market Evaluation. In the meantime if you are interested in the entire Re/Max report, including the rest of Canada its available here.