Luxury market could be in for a boost this fall

Volatile equity markets in China and other Asian countries could boost investment in Canada’s luxury housing market.

Sotheby’s International Realty Canada says that it expects an increase in sales of properties priced at $1 million or more in Vancouver and Toronto.

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. 

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