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Toronto and Victoria, B. C. Join World Hottest Markets for Luxury Homes

The rise of Canada as a country to a level where it is now regarded as the land of freedom and opportunities, has been very steady. The political stability and booming economic activities within the country has helped immensely in placing Canada above most of the so-called great countries. It is therefore not surprising at all to find out that recent studies carried out by Christie’s International Real Estate ranks Toronto and Victoria, B.C. as being among the hottest markets within the real estate industry.

Investors from all over the world are pitching their camps within Canada and this trend shows no sign of changing anytime soon. At a point in time when the world was engulfed in uncertainty, Canada stood tall among the rest as the land of opportunities. Dan Conn, the CEO of Christie’s International Real Estate had this to say in an article published on the BNN site, “The reality of the world right now is that, particularly in 2016, we’ve lived through an enormous amount of uncertainty, and one of the real bright lights geopolitically speaking was Canada. Canada will always be a great place to invest because it will always be a great place to live.”

Luxury homes are now the most sort after homes on the real estate market and Christie’s report indicates that there are really encouraging signs that shows this trend is going to be sustained for a long period of time. In taking a look at the top performing cities with regards to  the purchase of luxury homes, Toronto and Victoria, British Columbia now occupy the first and second positions as the fastest growing high end markets as according to the report published by Christie’s International Real Estate.

The new development within the real estate market where Canada keeps on excelling on the global stage can be directly attributed to a variety of factors such as quality of education, sound health care systems, human rights records and an enviable stability both economically and politically. Real estate investors have always sort for countries that provides all the necessary indicators of a booming economy and Canada happens to be among those few countries that has been able to tick the boxes of all the indicators.

Investors always find real estate properties within Canada as being very cheap and affordable when compared to similar properties all over the world. Dann Conn had this to day in an interview with BNN, I consider Toronto, even with the heat at the upper end of the market, it is still a comparative bargain on the global map.” This was in direct response to the fact that there was a significant rise in the sales of luxury homes prized above a million dollars.



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