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See how Toronto's luxury market compares to other metros.

With the baby boomers going into retirement and cashing out on their large homes, availability is increasing for buyers looking to purchase luxury homes.

Despite the spike in average housing prices, Toronto's luxury home market is still affordable compared to other metro cities like New York or San Diego. The Toronto high-end real estate market is booming, with sales of properties once $1 million up 34 per cent in the first half of 2014 compared to last year.

Not only detach homes, but sales for $1 million-plus condominium has also skyrocketed by 53 per cent at the end of June over the same period of one year.

To read more about the still affordable GTA luxury properties, visit: 

http://www.thestar.com/business/real_estate/2014/07/08/gta_luxury_home_sales_up_34_per_cent_in_2014_sothebys.html

If you are looking for your dream home and want pre-marketed notice about properties coming soon, RE/MAX West can help you! Contact us today!

 

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Email: inquiry@remaxwest.net

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