Skip to main content

Featured

Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
Post a Comment
Read more

article

Labels

Luxury Real Estate Market Sees Significant Sales Surge in Q4

 

The luxury real estate market in the Greater Toronto Area (GTA) experienced a remarkable sales surge in the fourth quarter of 2024, according to a recent report by Re/Max Canada. Homes valued over $3 million saw a 40.5% year-over-year increase in sales, with 364 homes sold in the $3 million to $5 million range. This surge was primarily driven by the Bank of Canada's recent rate cuts, which sparked demand for high-end properties.

Sales of homes priced between $5 million and $7.5 million rose by 58.5%, while those between $7.5 million and $10 million climbed by 41.2%. The central bank's back-to-back 50 basis point cuts in October and December were cited as the primary catalysts behind this increased buyer enthusiasm.

Re/Max Canada President Christopher Alexander noted that the economic climate and pent-up demand contributed to this surge, setting the stage for a strong luxury market in 2025. The firm predicts a five percent increase in the national average residential price over the course of the year, as optimism about the housing market grows among Canadians.

This uptick in luxury home sales is expected to have a positive impact on the broader housing market, with increased activity anticipated in 2025.




Labels:

Comments

Post a Comment

Popular Posts