RLP – Luxury Homes Update/Forecast – 2018

Key highlights include:

  • British Columbia’s 2018 budget dampens demand in Greater Vancouver’s luxury real estate market, ushering in buyer’s market
  • Greater Toronto Area’s luxury home price appreciation flat after two rounds of government intervention, while luxury condos make largest price gain
  • Good value drives demand for luxury detached homes in the Greater Montreal Area while high inventory in luxury condos limits price appreciation to 3.9 per cent
  • Calgary luxury condominiums buck the trend posting only year-over-year price decline
  • Consumer confidence releases pent up demand in Ottawa’s luxury home market as price appreciation show healthy gains

See more at:  https://www.royallepage.ca/en/realestate/news/luxury-home-values-in-the-majority-of-regions-across-canada-grow-in-2018-despite-headwinds-created-by-several-residential-real-estate-policies/

Contact us today for all your Real Estate needs.  Kathy & Dave – “Strength in Teamwork”.  See our blog for other interesting articles:  www.kathyanddave.ca

If you’re interested in learning more about the current housing market in the Niagara region, we would be happy to have a chat with you and answer any questions you may have. Come in for a visit or give us a call! It would be our pleasure to show you how selling your home in the current market could increase your financial gain.