Sunday, June 14, 2009

Luxury home sales hit record high in Toronto in May




A new report on the Toronto real estate market suggests it is once again moving at full steam, with high-end homes selling at record rates.

May was the strongest month ever for sales of luxury homes in the Greater Toronto Area, according to RE/MAX Ontario-Atlantic Canada.

In that month, 273 homes were sold for more than $1 million each, compared to 258 sold in the same month one year earlier -- a difference of 6 per cent.

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