CHRISTIE’S INT’L REAL ESTATE RANKS TORONTO “WORLD’S HOTTEST LUXURY HOUSING MARKET”

CHRISTIE'S1Our American neighbours – via CNBC – looked over the fence and took note: “While sales slowed in all of Dubai, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco and Sydney, sales grew in Canada’s commercial capital of TORONTO by a hearty 37 percent.

“2014 was the Toronto market’s second best year on record,” said Justine Deluce of Chestnut Park Real Estate in the Christie’s ‘Luxury Defined’ report, out on Thursday.
“If there had been more inventory (in Toronto), the record would easily have been shattered,” she added.

Christie’s said that an “extremely low” supply of houses in TORONTO had pushed prices to $1-2 million for “relatively average” houses and $2-4 million for larger homes or those in the “most desirable neighborhoods”.

CORRIDOR5<PHOTO ABOVE – $2-millionCAD, Toronto Police Services>

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