A Surge in Resale of High End Homes in The GTA

With confidence that the real estate market isn't going to face a major correction, resales of high-end homes in the Toronto area have seen a recent surge. In the first four months of the year, 754 homes have sold for more than $1.5 million in the Greater Toronto Area. Drawing reference from the Toronto Real Estate, The Globe and Mail reports that in the same period of time 566 were sold in 2013, 623 in 2012, 435 in 2011, 399 in 2010, 132 in 2009, 260 in 2008 and 250 in 2007. Confidence appears to be buoyed equally by foreign and domestic demand.

Johnny Lam

Johnny Lam

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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