MISSISSAUGA, Ont. (CP) — Sales of luxury homes have registered an "unprecedented upswing" in the first half of this year, real estate company Re-Max said Wednesday.
In a report on 16 major markets across the country, Re-Max said high-end home sales were up in all regions between January and July. The highest percentage increase was seen in Edmonton, where sales of more than $900,000 in value rose 521 per cent, Re-Max said. In the Greater Toronto Area, sales of homes costing more than $1.5 million increased 28 per cent, while in Ottawa, homes with an upper-end price point of$750,000 saw sales rise 115 per cent.
