While the country’s luxury real estate markets demonstrate impressive resilience, what impact, if any, the federal government’s recent mortgage reforms will have on the luxury sales remains up for debate.&nbsp;&nbsp;

“In Canada, luxury home sales are defying broader market trends, particularly in major cities,” says Anthony Hitt, president and CEO of Engel &amp; Völkers Americas. “In Toronto, we saw a remarkable 4.73 per cent-increase in sales prices for homes priced over $8 million” in the first half of the year.&nbsp;

Will mortgage reforms impact luxury sales? {ai:summary}Canada's luxury real estate market is showing resilience, with notable price increases, especially in major cities like Toronto. Sales prices for homes over $8 million rose by 4.73% in the first half of the year, despite broader market trends.The impact of recent federal mortgage reforms on luxury sales remains uncertain. #economy

Luxury markets show impressive resilience

Loading...