Toronto is 'hottest' city in the world for real estate for the ultra-rich!!

Toronto came out on top for demand among highly desirable urban destinations, out of more than 80 global markets.

Toronto ranked as the world’s 'hottest' luxury market, and was the only location to see a faster year-on-year pace with a 37 percent increase in luxury home sales

Toronto was the “hottest” city in the world last year among the growing number of rich and sometimes famous scouring the planet for luxury real estate.

Toronto saw a staggering 37 per cent surge in high-end residential real estate purchases from so-called HNWIs – high net-worth individuals – in 2014.

The growth in demand for multimillion-dollar Toronto houses and even high-end condos outstripped sales gains in London, New York and San Francisco, which was the 2013 record-holder, having “startled the world” with an “astronomical” 62 per cent increase in luxury sales over 2012.

 

Read the Toronto Star article @ Toronto is 'hottest' city in the world 

 

 

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Prasad Ari

Prasad Ari

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CENTURY 21 People's Choice Realty Inc., Brokerage*
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