In Vancouver there will also be strong gains especially in the $4 million-plus market.
In Montreal there is expected to be no real change from 2015 while Calgary will continue to see an increase in listings and decline in prices in the luxury sector.
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The luxury sales market will be led by the Greater Toronto Area according to a report from Sotheby’s Canada. The realty firm says that limited inventory and strong demand will boost prices and sales volume in the $1 million-plus market.