Mississauga, ON (April 26, 2010) - Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX. 69 per cent of markets set records for best-ever first quarter sales!
The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales. Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period. Nine out of the 13 markets examined (69 per cent) shattered existing records - setting new all-time highs for first quarter activity in the upper end."Real estate continues to resonate with purchasers at every price point," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem. Despite the upward momentum, there are still deals to be had - especially at the higher price points-a fact that is motivating buyers to act." With the market continuing its heated activity, if you're looking to move up, call me now. Inventory is increasing, and the time is right. Buy before July 1st and you'll save a few dollars before the HST kicks in.
Asif Khan, Realtor
Re/Max All-Stars Realty Inc. Follow me on Twitter www.twitter.com/remaxallstar
Become a Fan...Click Here www.facebook.com/asifkhanremax
Google Me: Asif Khan ReMax
The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales. Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period. Nine out of the 13 markets examined (69 per cent) shattered existing records - setting new all-time highs for first quarter activity in the upper end."Real estate continues to resonate with purchasers at every price point," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem. Despite the upward momentum, there are still deals to be had - especially at the higher price points-a fact that is motivating buyers to act." With the market continuing its heated activity, if you're looking to move up, call me now. Inventory is increasing, and the time is right. Buy before July 1st and you'll save a few dollars before the HST kicks in.
Asif Khan, Realtor
Re/Max All-Stars Realty Inc. Follow me on Twitter www.twitter.com/remaxallstar
Become a Fan...Click Here www.facebook.com/asifkhanremax
Google Me: Asif Khan ReMax