905.808.1054

info@alexirish.com

Compare Listings

INSIGHT: Marketing Highlights: 2019 Top-Tier Fall Market Forecast

INSIGHT: Marketing Highlights: 2019 Top-Tier Fall Market Forecast

2019 Top-Tier Fall Market Forecast 

In a forecast released today, Sotheby’s International Realty Canada revealed that GTA residential real estate sales over $1 million saw bold gains over the summer months, increasing 29% year-over-year in July and August.

Vancouver’s top-tier real estate market is poised for gradual renewal this fall, as built-up consumer demand releases into new activity, and as housing prices continue to adjust downward to match current conditions.

Montreal’s $1 million-plus sales remained largely on par with 2018’s record highs; however, a 38% year-over-year surge in sales volume in the first fifteen days of September suggests healthy demand in the months ahead.

While Calgary real estate sales over $1 million fell 18% from 2018 levels in July and August, initial activity in the first two weeks of September reveals the potential for continued rebalancing in the city’s buyers’ market as $1 million-sales experienced a mild 10% uptick..

 

Continue reading the full 2019 Top-Tier Fall Market Forecast 

Related posts

7 Tips When Moving into a Condo

Congratulations! You’ve decided on a condo, signed on the dotted line, and picked a move-in...

Continue reading

Coronavirus and Real Estate: What You Need to Know

It’s safe to say that 2020 has not been the year that most people imagined. With the recent...

Continue reading

Alex Irish Kindness Tour: Part 2

One of the greatest privileges that comes from being part of a community is being able to give back...

Continue reading

Join The Discussion