Introduction
Engel & Völkers welcomes you to its Canadian Luxury Real Estate Market Report. This report amalgamates market data with intel from Engel & Völkers’ local market experts. The result is a residential property analysis covering markets in Halifax, Montréal, Ottawa, Toronto and Vancouver through April, May and June. Three price segments are discussed, including under $1 million, $1-4 million and over $4 million as listed in the Multiple Listing Service (MLS). This report is a resource for those seeking the best of life’s different stages, from purchasing a starter home or rightsizing a property, to growing a luxury real estate portfolio. Expect expert insights on what’s happening inside Canada’s top real estate markets including notable trends, in-demand
neighbourhoods,
economic
factors
and
changing buyer preferences. As COVID-19 impacts every sector on a global scale, this report dives into how the pandemic is affecting real estate through Q2 and forecasts what lies ahead for Q3.
“ Canadian markets are proving their resiliency. Amid stock market fluctuations since March, blue-chip real estate has shown to be a safe investment. ” Anthony Hitt President & CEO, Engel & Völkers Americas 4
Engel & Völkers Americas Canadian Luxury Real Estate Market Report Mid-Year 2020
Engel & Völkers Americas Canadian Luxury Real Estate Market Report Mid-Year 2020
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