The Greater Toronto Area (GTA) saw nearly 3,000 condominiums, attached and single family homes sell over $1 million between January 1 and June 30, 2013 as reported by the Toronto Real Estate Board, reflecting a 59% overall increase compared to the last six months of 2012. This was a marginal 4% decrease in sales relative to the same period last year. In the city of Toronto, real estate in high end neighborhoods such as Rosedale, Forest Hills, Lawrence Park and Bridle Path remained sought after.
The latest data from Montreal's high end residential real estate market reveals a stabilized market leading into the second half of the year, Montreal saw 206 sales over $1 million between January 1 and June 30, 2013, representing a 26% increase over the last six months of 2012 and a 9% decrease in sales when compared to the same period last year. Single-family home sales over $1 million experienced notable and steady growth across the majority of price points. In total, the first half of 2013 saw 116 homes sold over $1 million, with the majority of sales activity between $1-2 million.
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Combining the world's most prestigious real estate brand with local market knowledge and specialized marketing expertise, Sotheby's International Realty Canada is the leading real estate sales and marketing company for the country's most exceptional properties. With offices in over 20 residential and resort markets nationwide, our professional associates provide the highest caliber of real estate service, unrivaled local and international marketing solutions and a global affiliate sales network of approximately 600 offices in more than 45 countries to manage the real estate portfolios of discerning clients from around the world.
(i) The information contained in this report references market data from MLS boards across Canada. Sotheby's International Realty Canada cautions that MLS market data can be useful in establishing trends over time, but does not indicate actual prices in widely divergent neighborhoods or account for price differentials within local markets. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information and analysis presented in this report, no responsibility or liability whatsoever can be accepted by Sotheby's International Realty Canada or Sotheby's International Realty.
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