Canadians are embracing luxury living more than ever before - and if they are not currently living in a luxury home, many aspire to someday live in the lap of luxury. As a result, the number of unit sales of luxury homes has skyrocketed in Canada’s major markets, according to the Carriage Trade Luxury Properties Report released by Royal LePage Real Estate Services. The report found that there has been a surge of unit sales in all markets examined, with the greatest increases occurring in Calgary, Edmonton and Halifax, which all reported sales increases of more than 125 per cent, year-over-year, in the first three quarters of 2006. Read More
Archive for January, 2007
New home starts are estimated at 227,400 in 2006, surpassing the level in 2005, reaching their second highest level in nearly two decades. However, the seasonally adjusted annual rate1 of housing starts decreased to 211,500 units in December from November’s 229,300 units, according to Canada Mortgage and Housing Corporation (CMHC). Read More
