The low demand which has plagued Westmount since last September is finally having its impact on sale prices, which now have dropped some 10 per cent in the last six months. We are now looking at price levels equivalent to 2006, having lost all the momentum of the last two years.
Agents have reported 10 home sales in March — which is usually the busiest month of the year in Westmount, with an average of 24.4 sales. The total volume this year is only 25 one- and two-family dwellings, just over half the 47 reported in the first three months last year. Read More
After a worldwide vote, Montréal will represent the most he most prestigious property property on the new MONOPOLY Here & Now: The World Edition game board. More than 5.6 million votes were cast for 70 world-class cities, which determined 20 of the 22 cities featured in the game.
The new MONOPOLY Here & Now: The World Edition will be available in stores around the world starting on August 26, 2008 in more than 50 countries and in 37 different languages.
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Wealth Demographics According to the twelfth annual World Wealth Report from Merrill Lynch and Capgemini, the ranks of high net worth individuals (HNWI) grew six per cent last year to total 10.1 million people worldwide. The number of ultra high net worth individuals (worth at least $30 million) grew even faster, by 8.8 per cent. The following countries led in their share of millionaire growth: India (+22.7 percent), China(+20.3 percent), Brazil (+19.1 percent), and Russia (+15.5 percent).
Montreal will be the first Canadian city to have Waldorf Astoria Hotel and Residences to grace it’s skyline. In addition to the hotel’s 250 rooms and 76 residences, the 32-story Waldorf=Astoria Montreal will feature 15,000 square feet of ballroom and meeting space, signature restaurants, bars, and a luxury spa and fitness center. The $200 million dollar project is scheduled to open summer 2011 at 1500 Sherbrooke Street West, Montreal, Quebec, H3G 1H6, Canada.
Good old-fashioned hard work, not birthright, is the key to unlocking fortune and the front door of a new luxury home, according to the 2007 Carriage Trade Luxury Properties Report released by Royal LePage Real Estate Services. Given that the unit sales of high-end homes in almost all cities surveyed increased significantly year-over-year, Canadians appear to be working harder than ever. Read More
Multiple car garages and lavish walk-in closets are a thing of the past; indoor car washes and walk-in refrigerators are the new rage. As demand for luxury homes continues to grow, so do the wants and needs of those looking to buy.
“The million dollar home is no longer the exclusive domain of the rich. In fact, many typical middle income Canadian families now own million dollar residences due to soaring property prices,” said Elli Davis, sales representative, Royal LePage Real Estate Services Ltd. “Accessorizing the property with the hottest must-haves is a natural extension of living a luxury lifestyle and a way to stand out from the crowd.” Read More
Strong consumer confidence and a robust economy have contributed to growth in Montreal’s luxury home market with sales of properties priced above $900,000 rising 14 per cent in the first quarter, year-over-year, to 56 units sold in 2007 from 49 units in 2006. The strong growth seen in the first quarter is expected to persist throughout 2007. Read More
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
