Sotheby’s International Realty Canada says that it expects an increase in sales of properties priced at $1 million or more in Vancouver
It expects the luxury sector to be slower in Calgary
, while Montreal should be balanced.
The biggest gains will be in those homes valued at more than $4 million, the report says.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Craik, Abbotsford, Lampman, Selma, Enfield
Volatile equity markets in China and other Asian countries could boost investment in Canada’s luxury housing market.